Xugong Group is a state-owned enterprise. According to official website of Xugong Group, Xugong Group is a leading enterprise and a large state-owned enterprise in the construction machinery industry in China. Xugong Group was established in 1989 and headquartered in Xuzhou City, Jiangsu Province, mainly engaged in research and development, manufacturing, sales and service of construction machinery. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises with the same level and step by step investment. As a state-owned enterprise, Xugong Group plays an important role in the development of national economy. It has not only created huge economic benefits for the country, but also played a positive role in technological innovation, industrial upgrading and international competitiveness. As a state-owned enterprise, Xugong Group has also assumed more responsibilities and obligations in enterprise management and social responsibility. We should pay attention to social benefits and environmental protection while pursuing economic benefits, and make contributions to the sustainable development of the country and society.