Overseas Growth Lifts China’s Top Machinery Makers, but FX Losses Hit Profit

China’s three largest construction-machinery makers posted solid revenue growth in the first half of 2026, driven by strong overseas sales, but steep foreign-exchange losses eroded profitability.

The results underscore how currency swings are becoming a bigger factor for Chinese heavy-equipment manufacturers as they grow more dependent on international markets amid robust demand from mining and infrastructure projects abroad.