"Xugong Xugong, I wish you success", I believe many people who know about construction machinery know this advertisement. It can be said that Xugong Group is the most famous construction machinery company in China. Xugong Group was first established in 1985, which is the earliest among the three construction machinery enterprises in this paper. After 35 years' efforts, Xugong has now ranked 4th in the world's construction machinery industry, 150 in China's top 500 enterprises and 55th in China's top 500 manufacturing enterprises.
20 1 1, Liang Wengen, chairman of Sany Heavy Industry, topped Chinese mainland's richest man with a net worth of 50 billion yuan. The chairman of a manufacturing company has become the richest man in China. This news caused a strong response in that year. So Sany Heavy Industry is well known. At one time, many mechanical students yearned to work in Sany Heavy Industry after graduation. However, the good times did not last long. In 20 12, the overall construction machinery industry in China entered a cold winter, and the operating profit of Sany Heavy Industry fell sharply, entering a four-year low. However, after several years of deep adjustment, with the gradual recovery of the construction machinery industry, Sany Heavy Industry has also rebounded from the trough since 20 16. In the past 20 19 years, Sany Heavy Industry's revenue reached 75.7 billion yuan and its net profit was11500 million yuan, ranking first among construction machinery enterprises in China.
Zoomlion is headquartered in Changsha, Hunan Province, and the headquarters of Sany Heavy Industry mentioned above is also in Changsha, so Zoomlion is another pearl of Hunan construction machinery. Zoomlion was founded in 1992, which is the latest among the three companies, but it has developed the fastest in recent years. Judging from the financial reports released in the first three quarters of 2020, Zoomlion has surpassed other domestic construction machinery enterprises in terms of revenue and profit growth. Data show that in the first three quarters, Zoomlion achieved revenue of 45.2 billion yuan, a year-on-year increase of 42%, and net profit of 5.7 billion yuan, a year-on-year increase of 63%. According to this trend, Zoomlion is likely to be the "champion" of China construction machinery in a few years.
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The sudden emergence of construction machinery in China has greatly promoted the development of China's manufacturing industry, making it not only large-scale, but also truly powerful, which is an important foundation for China to become a powerful country.