Performance analysis of Sany Heavy Industry in the

Sany first quarter performance analysis: Sales and net profit ranked first in the industry

Sany first quarter performance analysis: Sales and net profit ranked first in the industry

China Construction machinery information

Guide: on April 27, Sany announced the first quarter report of 2012. The company's sales revenue in the first quarter was 14.68 billion yuan, an increase of 4.9% year-on-year; The net profit attributable to shareholders of listed companies was 2.804 billion yuan, an increase of 5.3% year-on-year; Both rank first in the domestic industry. Among them, excavator market share in China in the first quarter

among them, the market share of excavators in China continued to lead in the first quarter. According to the statistics of China Construction Machinery Association, Sany excavator sold 7190 units in the first quarter, easily winning the championship with a good result of more than 3000 units, and its market share rapidly increased to 16%. At present, the industry position of Sany small and medium-sized mining products is stable and unshakable. The market share of Sany small and medium-sized mining products was 6% in 2011. In March this year, it reached 1. For example, the combustion performance of GB8624 (2) 0006 version on October 29, 2012. The residual length of combustion is required to be ≥ 150 MM4, with high efficiency. It won the champion of monthly sales, breaking the long-term monopoly pattern of foreign brands. The whole excavator industry continues to show a pattern of "import substitution" and "increased concentration", and domestic manufacturers led by SANY are rapidly occupying the market of foreign brands

although the overall situation of the construction machinery industry declined in the first quarter, the concrete machinery industry remained at a boom peak in the first quarter, supported by the sinking demand and the construction of affordable housing. Sany concrete machinery increased by more than 10% year-on-year in the first quarter, ranking first in China. In 2011, Sany developed the world's longest boom pump truck of 86 meters, and the 62 meter boom pump truck rushed to Fukushima, Japan. Boosted by this, the sales of long boom pump trucks accounted for more than 50% for the first time in the first quarter of this year, supporting half of Sany pump truck sales

in addition, 363 crawler cranes were sold nationwide in January this year, a year-on-year decrease of 18.06%. Among them, Sany technology ranked first with the sales volume of 111 sets, and the market share rose to 30.58%; Sany truck crane maintained growth after the spring peak, and its market share increased from 9.93% in 2011 to 11.89%

in the market downturn, the company's operating revenue in the first quarter still maintained a growth of 4.9%, ranking first in the industry, highlighting the competitiveness of Sany leading enterprises. The reason is mainly due to the increase in the proportion of concrete machinery with high gross profit of Sany (including the increase in the proportion of long boom products), the improvement of the product structure of excavators, cranes and other products, and the rapid increase in the market share of products with higher profits such as large excavation and large tonnage cranes

for the whole year of 2012, the engineering machinery industry also has excellent waterproof performance, and the market expectation of the engineering machinery industry is good. In the first quarter, the progress of railway infrastructure and water conservancy investment was slow, and only one tenth of the annual plan was completed. It is expected that the government will accelerate investment in the second quarter. In addition, most of the affordable housing will start in May, and the demand for construction machinery will gradually pick up. As a competitive leading enterprise, Sany will first benefit from the recovery of the industry

in the international market, Sany and German elephant officially announced the completion of the acquisition and delivery on April 17. The successful integration will significantly improve the technical level of Sany Heavy Industry and enrich the company's product portfolio. The global sales network established by elephant for more than 50 years will speed up the internationalization process of Sany; Coupled with Sany's overseas sales network, which has been prospectively and vigorously deployed before, this year is bound to become a watershed in Sany's internationalization process

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