SANY announced its international annual report of 2018 on March 21. As of December 31, 2018, SANY's international business achieved a net profit of about 600 million yuan, 1.62 times of last year. Its sales amount reached 4.417 billion yuan, year-on-year growth of 78 per cent.
The coal price remained high in 2018 and the renewal requirement of coal machinery met great surge, driving the sales of energy and port related machines.
The corporation’s overseas sales increased significantly, among which mining machinery, mining truck, port machinery got breakthroughs in international marketing and the international market share of small port machinery was remarkably enhanced.
During last year, SANY has invested 242 million yuan in research and development, year-on-year growth of 104.9 per cent. New products such as water hydraulic support, off-highway wide-body mining vehicle, automatic field bridge, grabbing machine and heavy forklift were successively launched on the market and were well-received by the market, expecting to be a new profit growth point of SANY.
In the future, SANY International will upgrade and transform into intelligentialized, unmanned, automatized and environment-friendly industrial forms by continuous research and innovation.