File details, sources & related guides
XCMG Machinery is listed in Shenzhen under code 000425. Its issuer disclosures identify a state-controlled parent; historical restructuring percentages describe different dates and entities. Sources: [1] [2]
The listed issuer and its controller
The 2026 half-year report identifies XCMG Construction Machinery Co., Ltd. (徐工集团工程机械股份有限公司), stock code 000425, on the Shenzhen Stock Exchange. Its definitions distinguish the issuer from 徐州工程机械集团有限公司, referred to as XCMG Group. Sources: [1]
At 30 June 2026, the report shows that parent with 21.09% of the issuer and names Xuzhou’s municipal state-assets commission as ultimate controller. A 1 September announcement says an August 31 purchase increased the parent’s stake to 21.10%. That is a dated issuer statement, not a live share register. Sources: [1] [2]
Historical transactions need their own dates
Carlyle’s release dated 24 October 2005 announces an agreement to acquire 85% of Xugong Group Construction Machinery Co., Ltd. for US$375 million, with regulatory approvals still outstanding. Vertikal later reported that the transaction was abandoned in 2008. An agreement headline alone does not establish a completed acquisition. Sources: [6] [5]
Caixin’s September 2020 report described 16 new shareholders and a state-parent stake of 34.1% following a mixed-ownership restructuring. That historical transaction percentage is not the listed issuer’s 2026 percentage. Its April 2021 article reported a proposed backdoor listing, not a completed transaction at that date. Sources: [3] [4]
What the latest issuer disclosure establishes
The unaudited half-year report covers January–June 2026 and states no major litigation or arbitration and no penalties/rectification within its reporting sections. These are company disclosures within that period and scope. They do not resolve foreign proceedings, authenticate every subsidiary’s record or provide a global clean-record conclusion. Sources: [1]
Continue researching XCMG
Ownership is one part of company research. Keep legal entities, market records and country-specific proceedings on their own source-qualified pages.
Sources for this article
6 linked sources. Cited records, reporting, responses and background are labelled below. A source establishes only what its review scope supports; separate proceedings and repeated coverage are not additional findings.
- SOURCE 1 / Issuer disclosure / S025
XCMG 2026 half-year report
Published by XCMG; Shenzhen Stock Exchange host.
Used for / context: Definitions p.5; issuer p.6; disclosures pp.38–39; shareholder table p.48; parent/control p.176
Review limits: Selected sections read: definitions p.5, issuer p.6, unaudited and litigation/penalty disclosures pp.38–39, shareholder table p.48, control continuity p.50, parent and ultimate controller p.176. Covers January–June 2026. Issuer statements within reporting scope, not an independent global clearance. Qualified translation review pending.
- SOURCE 2 / Issuer disclosure / S026
XCMG controlling-shareholder increase and subsequent plan, announcement 2026-68
Published by XCMG board; CNINFO disclosure host.
Used for / context: Announcement 2026-68 p.2: August 31 purchase and resulting 21.10% stake
Review limits: Full four-page announcement read. August 31 purchase and resulting stake appear on p.2; planned future purchases and uncertainty on pp.3–4. This is an issuer disclosure, not a current ownership registry extract or proof that the later plan was completed.
- SOURCE 3 / Historical reporting / S027
XCMG Completes $3 Billion Mixed-Ownership Restructuring
Reporting: Bai Yujie and Denise Jia / Caixin Global.
Used for / context: 2020 restructuring and state-parent stake
Review limits: Accessible English Quick Take read. Historical transaction reporting relying on company statements; the state-parent 34.1% is attached to the 2020 restructuring entity and date, not the listed issuer’s current stake. Underlying Chinese long-form article not reviewed.
Return to: Historical transactions need their own dates - SOURCE 4 / Historical reporting / S028
Restructured Machinery Giant Aims to Repay Investors Through Backdoor Listing
Reporting: Bai Yujie and Lu Yutong; contribution by Denise Jia / Caixin Global.
Used for / context: 2021 backdoor-listing plan
Review limits: Accessible publisher text reviewed. Reporting of a 2021 listing plan, not evidence that the proposed transaction had completed. No full transaction file or qualified translation reviewed.
Return to: Historical transactions need their own dates - SOURCE 5 / Historical reporting / S029
XCMG completes transition to Mixed-Ownership
Source: Vertikal.net; no individual byline displayed.
Used for / context: Historical abandoned Carlyle transaction
Review limits: Original trade-report body read. Reports mixed ownership and abandonment of the Carlyle transaction in 2008. Historical reporting and editorial commentary; current share register not supplied. No individual author displayed.
Return to: Historical transactions need their own dates - SOURCE 6 / Company announcement / S030
Carlyle agreement to acquire an 85% stake in Xugong Group Construction Machinery
Published by The Carlyle Group.
Used for / context: Signed 2005 agreement and outstanding approvals
Review limits: Full release read. Page displays 24 October, correcting the supplied table’s date. It announces a signed agreement with provincial/central approvals still pending, not a completed acquisition. Retain the exact 2005 transaction entity.
Return to: Historical transactions need their own dates