CHANGSHA, China, Nov. 16, 2018 /PRNewswire/ -- On October 23, SANY Heavy Industry CO., LTD.
(hereinafter referred to as SANY Heavy Industry) released its
performance report of the third quarter. The company's net profits
attributable to shareholders are expected to be 4.68 billion yuan to 5.04
billion yuan in the first three quarters of 2018, an
increase of 2.88 billion yuan to
3.24 billion yuan from the same
period last year, year-on-year growth of 160 percent to 180
percent. In the first three quarters, the deducted non-net profit
was 4.945 billion yuan to
5.409 billion yuan, year-on-year
growth of 220 percent to 250 percent.
Benefitting from infrastructure construction
projects, equipment renewal and environment protection, the
sales of the company's excavating machinery, concrete machinery and
hoisting machinery have achieved robust growth by further expanding
their market shares.
From January to September, SANY Heavy Industry has sold 35,000
excavators in the domestic market, ranking No.1 in the industry. In
the first half year, the company's net operating cash flow reached
6.21 billion, the highest record in the same period.
According to an analyst of Zhongtai Securities, the company's
healthy financial situation offers more space for its further
development. As a leading enterprise in China's construction machinery industry, SANY
will see sustainable growth in excavator sales and dynamic revival
in concrete machinery sales.
Continuous breakthroughs in overseas market
In recent years, SANY Heavy Industry took many efforts to push
forward its international market strategy. In the first half year,
the company achieved overseas sales revenue of 6.092 billion yuan.
Additionally, it recruits local staff in overseas countries to
better understand and service for local market. On September 13, SANY America manufactured the
2,000th excavator. On September
25, SANY India rolled out the first 37-meter Truck-mounted
Concrete Pump manufactured in India, which symbolizes a new milestone of the
localized production of SANY's overseas branch companies.
Presidents of Ghana and
Guinea-Bissau visited SANY during
the Investing in Africa Forum held in Changsha in September. Since its entry into
the African market, SANY has exported more than 10 billion yuan worth of equipment to
Africa.
Intelligent manufacturing further enhances market
competitiveness
Since the beginning of this year, SANY Heavy Industry has been
taking many efforts in business innovation and transformation,
getting remarkable achievements in digitalization and
intelligentialization for marketing, service, R&D, supply chain
and financial affairs. Through the application of Internet of
Things, SANY's No.18 factory grew significantly in per
capita efficiency and output.
The company continuously increases investment in scientific
research. In the first half year of 2018, it invested 1.426 billion yuan and rolled out the SY155H
mining excavator and SAC2200T all-terrain crane. What's more, SANY
Heavy Industry is expanding its business to firefighting,
environment protection and other new fields.
SANY's brand has been widely received by the public and
industry. SANY ranks 91st of the top 500 Chinese private
enterprises in 2018, the highest ranked enterprise in professional
equipment manufacturing industry. SANY ranks 9th on
the list of "the most admired Chinese companies in 2018" released
by the Fortune (Chinese Edition), taking the lead among
construction machinery enterprises.
For more details, please call:
Global clients: 0086-731-85835199
Australian clients: 1800 GO SANY (1800 467 269)
Official website: www.sanyglobal.com
Email: sales31@sanygroup.cn
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WeChat: SanyWorldwide
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