On August 16, SANYHE International Holdings Co., Ltd (hereinafter referred to as SANY International), released its performance announcement of the first half year of 2018. By June 30,2018, SANY International’s sales revenue reached 2.196 billion yuan, a year-on-year growth of 82.9 percent; gross profit reached 710 million yuan, a year-on-year growth of 78.9 percent; net profit achieved 358 million yuan, an increase of 172.3 per cent over the same period of last year, exceeding the whole year’s performance in 2017.
According to the announcement, thanks to the industry recovery and the expansion of international market, SANY International has achieved significant growth from January to June, 2018. Port machinery sales revenue reached 960 million yuan, a year-on-year growth of 43 percent; energy equipment sales revenue reached 1.24 billion yuan, a year-on-year growth of 133.1 percent, among which the sales revenue of excavation products achieved 395 million yuan, an increase of 300 percent over the same period of last year.
Benefiting from the significant growth of the sales revenues of excavation products and port machinery and the increase of gross profit, the Profit Margin Before Tax of SANY International was up to 20.3 percent. Additionally, SANY International has achieved remarkable results in cost control, among which the management cost decreased by 3.4 percentage points to 14.9 percent, the lowest level in the company’s history.
In the first half year of 2018, SANY International invested 85.2 million yuan in research and development, a year-on-year growth of 87.7 percent. The domestic market share of SANY reach stacker has reached 64.1 percent in the first half year, 4 percentage points higher than the end of 2017. The domestic market share of roadheaders rose to 56.4 percent from 47.0 percent at the end of 2017.