Since 2008 when the world financial downturn began, Sany Heavy Industry has always reacted against the adverse market conditions and has been increasing investments to the emerging markets. Consequently it has registered fast and steady growth in sales and overall performance and still maintained a leading position in the domestic market.
By the end of the first half of 2010, Sany Heavy Industry has gained a sales revenue of 16.946 billion RMB yuan (about 2.5 billion US dollars), with a year-on-year increase of 98.43%; a total profit of 3.618 billion RMB yuan (about 530 million US dollars), with a year-on-year increase of 159.33%.
The outstanding performance of the company has greatly boosted investors confidence. By October 19, 2010, its market cap had reached 107.8billion RMB yuan (or about 16 billion US dollars), ranking number one in the industry domestically, 31.3 billion RMB yuan (about 4.7 billion US dollars) greater than that of the company ranked second place.
Sany Heavy Industry Co., Ltd. (Code: 600031)
Sany Heavy Industry has consolidated and further enhanced its competitiveness and the leading position in the industry. Its concrete pumping machinery still takes up the biggest market share in the industry, with major products excavators, rotary drilling rigs and crawler cranes continuing to lead in the industry.
In the 2009 list of global top 50 companies in the engineering machinery industry, Sany Group ranked the 11th place, improving 9 places compared to last year; ranked second place in operating profit (492 million US dollars), only below Komatsu; and ranked the first place in terms of average ROA (15.9%) .
Sales profit ranking of the top 5 companies in the global engineering machinery industry
|
Rank
|
Company
|
Sales Profit in 2009 (million dollars)
|
Growth rate (%)
|
|
1
|
Komatsu
|
900
|
-54.72
|
|
2
|
Sany Group
|
492
|
97.49
|
|
3
|
Atlascopco
|
488
|
-31.38
|
|
4
|
Zoomlion
|
400
|
64.61
|
|
5
|
XCMG
|
338
|
14.97
|
Data source: China Construction Machinery Association
ROA ranking of the top 5 companies in the global engineering machinery industry
|
Rank
|
Company
|
ROA in 2009 (%)
|
Growth rate (%)
|
|
1
|
Sany Group
|
15.90
|
4.17
|
|
2
|
XCMG
|
12.82
|
0.05
|
|
3
|
Bauer
|
12.58
|
1.01
|
|
4
|
Bucyrus International
|
11.90
|
1.80
|
|
5
|
Liugong
|
10.95
|
4.62
|
Data source: China Construction Machinery Association
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