Sany International's Impressive 2023 Mid-Year Performance

September 07,2023

September 7, 2023, China, On August 31, Sany International announced its mid-year performance for 2023. As of June 30, 2023, the company achieved an operating revenue of CNY 10.84 billion, a remarkable year-on-year increase of 42.0%. The gross profit margin reached approximately 26.1%, representing a 2.3 percentage point year-on-year growth, and the net profit attributable to the parent company was CNY 1.20 billion, marking a 32.7% year-on-year increase.
In the first half of 2023, the company continued to invest in the intelligent and electrification of mature products, as well as independent innovation in emerging businesses. This led to a continuous improvement in the core competitiveness of its products, with the company maintaining its industry-leading position in tunnel boring machines, front-end loaders, forklifts, and fracturing equipment.

Specifically, the revenue from tunnel boring machine sales was CNY 1.55 billion, while revenue from front-end loader sales reached CNY 2.07 billion, representing a 47% year-on-year growth. Fracturing equipment sales revenue amounted to CNY 990 million, marking a 49% year-on-year increase.

In the field of logistics equipment, overseas revenue reached CNY 1.8 billion, marking an 84% year-on-year growth. Revenue from front-end loader sales was CNY 1.41 billion, reflecting a 96% year-on-year increase, with telescopic arm sales experiencing significant growth at 283%. Revenue from large forklift sales amounted to CNY 360 million, marking a 50% year-on-year increase.

Regarding mining equipment, overseas revenue reached CNY 1.5 billion, showing a 54% year-on-year increase. Wide-body truck sales revenue was CNY 990 million, with electrification accounting for 26% of the total. Rigid truck sales revenue amounted to CNY 380 million, representing a significant year-on-year increase of 522%.

Looking ahead, Sany International will seize opportunities and steadfastly implement its strategies of globalization, digitization, and low carbonization. The company will continue to focus on mining equipment, logistics equipment, petroleum equipment, and emerging businesses to provide robust growth momentum for high-quality development.

Source : www.chinaspv.com

Editor : Alice

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