The annual operating income of XCMG Group has grown from 386 million yuan when it was founded to exceed 87 billion yuan in 2011, maintaining the first place in the industry. XCMG Group focuses on technological innovation and has established a research and development system with the national technology center and Jiangsu Xuzhou Engineering Machinery Research Institute as the core. XCMG Technology Center continues to rank first in the industry in the evaluation of national enterprise technology centers. Relying on XCMG Research Institute, XCMG Nanjing Research Institute and the XCMG Shanghai Research Institute and XCMG European Research Institute under construction, in recent years XCMG has produced a number of products that represent the advanced level of China and even the world: two thousand-ton all-terrain cranes, four thousand-ton Class crawler cranes, China's largest 12-ton loader, Asia's highest 100-meter high-altitude fire truck, fourth-generation intelligent road construction equipment, etc., have had a disruptive impact on the global construction machinery industry, breaking the boundaries of foreign companies. Global monopoly. XCMG currently has 920 valid authorized patents, including 27 authorized invention patents, and more than 100 products are the first domestically produced products. "Key technology development and industrialization of all-terrain cranes" and the ET110 walking excavator won the second prize of the National Science and Technology Progress Award in 2011 and 2010 respectively (the first prize in the industry is vacant). XCMG was jointly awarded the "National Technology Center Achievement Award" by five ministries including the National Development and Reform Commission, the Ministry of Science and Technology, and was awarded the first batch of national technological innovation demonstration enterprises in the country and the first in Jiangsu Province. XCMG has established a nationwide marketing network and has established more than 280 XCMG overseas agents around the world to provide users with a full range of marketing services. It remains the first in the industry in terms of export volume every year. XCMG currently ranks first in the domestic market share of Category 9 main engines and Category 3 key basic components; its export volume and total export volume of Category 5 main engines continue to rank No. 1 in the domestic industry; and its sales of truck cranes and large-tonnage rollers rank No. 1 in the world. XCMG Group adheres to the core values ??of “taking on big responsibilities, walking on the road, and achieving great things” and the corporate spirit of “strictness, pragmatism, progress, and innovation”. It has successively won honors such as the "China Industrial Award Commendation Award" and the "National May Day Labor Certificate", the highest awards in China's industrial field. The company's party committee was rated as "National Advanced Grassroots Party Organization" by the Organization Department of the Central Committee of the Communist Party of China. In 2011, it was awarded the title of "Equipment China's Meritorious Enterprise", and Wang Min, the company's chairman and party secretary, was awarded the title of "Equipment China's Meritorious Entrepreneur". XCMG Group has donated more than 62 million yuan to various social welfare undertakings such as earthquake relief and the construction of XCMG Hope Primary School, and donated more than 160,000 pieces of clothing. Awarded the "National Earthquake Relief Hero Group".