The two sides reached a consensus on cooperation in equipment procurement and supply, logistics and transportation cooperation, joint R&D innovation, and full life cycle solutions, and jointly promoted the construction of intelligent and green ports and the expansion of port transportation business.

Yang Dongsheng warmly welcomed Huo Gaoyuan's return visit. He said that XCMG Group and Shandong Port Group are both state-owned enterprises visited by General Secretary Xi Jinping. They are both the world's most cutting-edge enterprises in their respective fields. They have a high degree of similarity and cooperation space in innovation and development, and their development goals are highly consistent. In the future, it is hoped that both sides will be driven by innovation, jointly enhance their global competitiveness, and promote the development of China's equipment manufacturing and logistics industries.

Huo Gaoyuan said that manufacturing is the backbone of the real economy and the basis for economic development. As an outstanding representative of China's equipment manufacturing industry, XCMG has demonstrated the hard-core strength of China's construction machinery. Shandong Port and XCMG are both state-owned enterprises with feelings, responsibilities and commitments. Their strategic visions are highly consistent and there is a broad space for cooperation. It is hoped that both sides will work together to make greater contributions to China's modernization.

Before the signing, the Shandong Port Group visited XCMG Heavy Industry, Huizhi Innovation Center and XCMG Port Machinery. The heads of relevant units of Shandong Port Group, XCMG Group and XCMG Machinery participated in the event.