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  1. XCMG Machinery Unveils Groundbreaking ESG Report ...

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    XUZHOU, China, May 9, 2024 /CNW/ -- In a remarkable display of resilience and growth, XCMG Machinery (SHE:000425, "XCMG") has announced a proposed 20% increase in its annual dividend, following an impressive year that saw the company achieve a historic high in international revenue and maintain its position as the industry leader in China.
    By the end of December 2023, XCMG had effectively reduced both accounts receivable by 1.13% and inventory amounts by 7.75% compared to 2022—demonstrating strong financial management, which resulted in a net cash flow from operating activities amounting to approximately 3.57 billion yuan—an increase exceeding 125.59% over last year.
    XCMG is striving to expand its product portfolio, especially large-tonnage cranes, with the aim of better serving changing market demand. The company unveiled its XCA 1600 large-tonnage crane in 2018. The model, one of the most powerful cranes in the world at that time, has proved popular among global buyers.
    XCMG's thriving business is attributed to its strategy, led by technological innovation. In 2023, XCMG's digital supply chain initiative was recognized as a key industrial internet project in Jiangsu Province, China, adding five provincial industrial internet benchmark factories.
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  5. XCMG Machinery Announces 20% Dividend Increase ...

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