Global Entrepreneur, a business and financial media outlet in China, has named LiuGong, Caterpillar, Sandvik, Toyota among the “2013-2014 Top 50 Best Performing Companies in China.” 

The award not only takes financial results into consideration but also pays attention to whether the companies are trying new strategies and seeking new business opportunities in the changing market.

LiuGong’s net profit in 2013 increased by 20.4 percent, with overseas market sales growing by 15 percent year over year. While the overall overseas sales of Chinese loader manufacturers declined, LiuGong grew 19 percent with forklift sales in overseas markets increasing by 50 percent.