SANY to achieve net profit growth by 180% to 210% in H1

01 August,2018

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On July 30, SANY Heavy Industry CO., LTD released an announcement that the company’s net profit in the first half year of 2018 will achieve 3.248 billion yuan (478 million USD) to 3.596 billion yuan (530 million USD), a year-on-year growth of 180 percent to 210 percent. Net profit that attributes to shareholders after deducting non-recurring gains and losses is 3.3 billion yuan(486 million USD) to 3.65 billion yuan (538 million USD), a year-on-year growth of 230 percent to 265 percent.

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Driven by the infrastructure construction, the growing demand for the renewal of equipment and the increasing awareness for environment protection, the sales of the company’s excavating machinery, concreting machinery and hoisting machinery are expected to maintain high growth. In addition, the company’s management quality and efficiency are greatly promoted; capacity utilization and profitability of products are continuously improved while the overall cost rate keeps down and profitability gets significant increase over the same period last year.

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