Dear Global Colleagues at XCMG,
As the full moon rises and its gentle light illuminates the world, I hope it finds each of you fulfilled and happy. On behalf of the Board of Directors and the senior management team of XCMG Group and XCMG Machinery, I would like to take this Mid-Autumn Festival as an opportunity to extend my heartfelt respect and warmest holiday greetings to all XCMG colleagues and your families, wherever you may be. Whether near or far, separated by oceans or close by, our hearts are united by a shared mission and dream. Together, we enjoy the same moon and wish for the reunion of our families and nation. www.hf-loaderparts.com
We are determined to embrace innovation and pursue development through transformation. 2024 is a pivotal year for XCMG as we press ahead with our "Intelligent,Digital,and Connected Transformation" value. This year has been critical for XCMG, as we transition from strategic planning to practical application and real-world implementation. We are committed to advancing our industry's transformation towards high-end, intelligent, green, service-oriented, and internationalized upgrades. We are accelerating organizational change, process reengineering, and cultural reshaping. By managing both complex challenges and transformations simultaneously, we are driving efficiency across our global operations, the entire value chain, and all business domains through concerted efforts.
With determination to aim high and move forward together into the future, we focused on our strategic goals in the first half of the year, adhering to the development guidelines of "high quality, risk control, world-class standards, and stable growth". We strengthened our confidence, energized our efforts, and bravely shouldered responsibilities. Our overall revenue has achieved "double surpassing" at the half-year mark, with both product gross margin and net sales margin seeing "double improvement". The performance of our listed company continues to lead the industry. We remain committed to consolidating this steady and positive trend, advancing along the path of high-quality development with substantial progress.
