(The constant growth of international activities has enabled overseas revenues to represent 62.23% of its core business revenues).
SHANGHAI, 10 sept. 2024 /PRNewswire/ — SANY Heavy Industry (SANY) announced its 2024 half-year financial report on August 30. The company reported 38.74 billion yuan (US$5.45 billion) in operating revenue for the first half of 2024, down 1.95% year-on-year, while net profit attributable to shareholders of listed companies increased 4.80% to 3.57 billion yuan (503 millions USD).
Despite a tough global market, the company, insisting on the principle of “high-quality development,” achieved a 2,204.61 percent jump in net cash flow from operations to 8.44 billion yuan (1.19 billion USD).
Rapid international growth
In the first half of 2024, SANY continued globalization by expanding global R&D and manufacturing, enhancing aftermarket construction, and building sustainable capabilities for global operations.
In the first half of this year, SANY saw sustained growth in its international revenue. The company recorded international sales revenue for the main business of 23.54 billion yuan (3.31 billion USD), marking a year-on-year growth of 4.79% and accounting for 62.23% of the main business revenue.
Among them, the African region saw a notable increase of 66.71 percent year-on-year to 2.31 billion yuan (325 million USD), while the Asia and Australia region contributed 9.17 billion yuan (1.29 billion USD), up 2.55 percent. Europe generated 8.27 billion yuan, a stable growth of 1.08%, and the Americas market generated 3.79 billion yuan, a decrease of 4.19%.
Read more
Lead the transition to decarbonization
In 2024, SANY has stepped up its R&D efforts in the field of new energy products. To date, more than 80 new energy products have been listed this year, and several of them have made market breakthroughs. For example, the SW956E electric wheel loader has been ordered for 200 units by Indonesia thanks to its advanced energy-saving technology, including the self-developed VCU and intelligent variable frequency air conditioner.
In terms of technology R&D, SANY has obtained about 30 patents related to low-carbon technologies, including the industrial first P2-MT hybrid power technology that reduces power interruptions during gear shifting in heavy-duty vehicles and achieves significant fuel savings through rational software calibration, thereby bridging the technology gap for hybrid products.
Significant results in R&D and innovation
Guided by the strategy of “Globalization, Digitalization, Decarbonization”, SANY has invested significantly in R&D. In the first half of 2024, the company allocated 2.61 billion yuan (367 million USD) to R&D. SANY has 6,320 R&D employees, 39% of whom have postgraduate degrees or above.
In terms of intellectual property, SANY has applied for 575 patents, of which 357 are invention patents and 351 have been granted.
In addition, SANY launched a number of innovative products in the first half of 2024, including the SY2000 mining excavator, the third-generation RC medium excavator, the 33-meter pump truck and the STC2000C8-8 truck crane.
Logo – https://mma.prnewswire.com/media/1518641/logo_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/sany-heavy-industry-annonce-de-solides-resultats-semestriels-302243523.html
