Machinery / Industrial Parts & Tools

On January 15, 55 mining wide-body vehicles of Liugong Mining Machinery set sail from Zhangjiagang to overseas regions, which is the first time that Liugong Mining Machinery has been exported to the international trade market in large quantities this year; Since January 9, more than 200 buses with Yuchai engines have been exported from the freight passage of Erenhot Highway Port in Inner Mongolia Autonomous Region. In 2022, the export of Yuchai traditional passenger car power will increase by 70% year on year. As the Spring Festival approaches, Guangxi state-owned enterprises are actively exploring the international trade market. "Made in Guangxi" has been sold overseas in succession, and the export of international trade is growing strongly.

Faced with the double pressure of the epidemic and the economic downturn, since 2022, Guangxi state-owned enterprises have overcome difficulties, constantly expanded overseas "circle of friends", and promoted "made in Guangxi" to seize the international trade market.

In 2022, the export revenue of state-owned enterprises directly under Guangxi will exceed 10 billion yuan for the first time. Liugong's overall overseas sales were 30 percentage points higher than the industry level. Sugarcane harvesters entered the Asia-Pacific market in batches for the first time. The overseas revenue of its subordinate Ovium Company reached a record high, and the market share of its core product line was comprehensively increased. Guangxi Automobile Group's new energy light logistics vehicles entered the U.S. and Japan markets for the first time, and the new energy vehicles became the official vehicles for the G20 Summit. The export volume of copper products of Guilin Lijia Metal Co., Ltd., affiliated to Beibu Gulf Port Group, continued to increase steadily. Among them, tin brass, lead brass, aluminum brass, white copper and other products are exported to nearly 10 countries and regions such as the United States, Japan and Australia, with a total export volume of 428974 tons and sales volume of 953 million yuan.

In recent years, the State owned Assets Supervision and Administration Commission of Guangxi has actively encouraged and supported state-owned enterprises to seize opportunities such as RCEP, actively explore the international trade market, and integrate into the joint construction of the "the Belt and Road" and the new land and sea channel in the west. At present, there are more than 10 district-level state-owned enterprises in Guangxi carrying out overseas investment and operation, covering more than 100 countries and regions around the world, and 47 branches (subsidiaries) have been established overseas, with total overseas assets of more than 30 billion yuan and net assets of more than 9 billion yuan. Liugong Machinery, Yuchai Engine and other leading products have established the "Made in Guangxi" brand abroad, among which Liugang Group ranks 18th among the world's steel enterprises in terms of competitive strength and Liugong Machinery ranks 15th in the world's construction machinery industry.