Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, April 17 2019 - 12:30
SANY's business performance of 2018 hits the best record in history
CHANGSHA, China, April 17, 2019 /PRNewswire-AsiaNet/ --

SANY Heavy Industry (hereinafter referred to as SANY) released the annual 
report of 2018, saying that the enterprise achieved annual sales revenue of 
55.822 billion yuan (8.329 billion USD), year-on-year growth of 45.61 per cent; 
the net profit attributable to shareholders of the listed company reached 913 
million USD, year-on-year growth of 192.33 per cent.

Photo - 

SANY Heavy Industry has got remarkable achievements in 2018, hitting the best 
record in its history. 

Main products dominate the leading place in the market

According to the annual report, SANY excavator reached sales revenue of 2.87 
billion USD, year-on-year growth of 40.8%, which has been the top seller in the 
domestic market for 8 years. Due to SANY's leading R&D capacity, its excavators 
have world-class quality and competitiveness in the global market. 

Concrete machinery reached sales revenue of 2.53 billion USD, year-on-year 
growth of 34.64 per cent, ranking No.1 brand around the world; hoisting 
machinery reached sales revenue of 1.39 billion USD, year-on-year growth of 
78.26 per cent with market position promoted significantly; piling machinery 
reached sales revenue of 698 million USD, year-on-year growth of 61 per cent, 
ranking No.1 brand in China for its continuously rising market share. 

Rapid growth in overseas market

SANY's overseas sales revenue reached 2.03 billion USD, year-on-year growth of 
17.29 per cent. 

The rapid growth was contributed by SANY's 8 overseas sales regions including 
southeast Asia, Indonesia and Latin America as well as overseas industrial 
parks such as SANY India, SANY Europe and SANY America. 

It's worth mentioning that the sales of excavators had rapid growth in the 
overseas market with market share remarkably increased in the past year.

Digital and intelligent transformation

SANY's digital and intelligent transformation had fruitful achievements in 

The corporation fully pushed forward digitalization and intelligent upgrading 
in marketing, R&D, supply chain, finance and service, carrying out a series of 
digital projects such as PLM, CRM, SCM and GSP in order to make manufacturing 
equipment interconnect with sales facilities.  

Remarkable achievements in R&D and innovation

As of 2018, SANY had applied for 8,107 patents and authorized 6,657 patents, 
ranking No.1 in the domestic industry. 

In 2018, SANY rolled out a number of new products including H series excavators 
SY155H, SY225H, SY305H, SY395H, the first wheeled hydraulic excavator SY155 and 
all-terrain crane SAC2200T.

SANY enhanced the research and development on intelligent, unmanned and 
environment-friendly products including intelligent excavators, unmanned 
rollers, unmanned off-road crane SRC600C and remote controlled all-terrain 
crane SAC1100S. 

Awards given for good brand reputation

In 2018, Liang Wengeng, chairman of SANY Heavy Industry, was awarded "The top 
100 outstanding private entrepreneurs in the past 40 years of reform and 
opening-up" and was listed as "The 50 most influential business leaders in 
China in 2018" by Fortune Magazine. 

SANY also won the honors of "the most admired Chinese companies in 2018", "the 
top 500 enterprises of China", "the most influential innovative companies" and 
"the Chinese brand achievement award in the past 40 years of reform and opening 

What's more, SANY has been the most prestigious brand of Chinese construction 
machinery users for 10 years. SANY SY395H excavator won the top prize "Golden 
finger award" of "the top 50 annual products in 2018 of Chinese construction 
machinery"; SANY SR285R-C10 rotary drilling rig won the gold award of market 
performance for its overwhelming domestic market share.

For more details:
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   Caption: SANY machines displayed at Bauma 2019