The Sany Heavy Industry, China's largest producer of heavy equipment and the fifth largest producer globally, released its 2017 financial report on Monday evening, showing an operating revenue of RMB 38.335 billion, up by 64.67 percent year-on-year.
Its net profit attributable to shareholders of the company amounted to RMB 2.092 billion, up by 928.35 percent over the same period last year.
The total gross profit margin of the company was 30.07 percent, representing an increase of 3.86 percentage points when compared with the same period last year. Basic earnings per share was RMB 0.27, according to the report. The company intends to pay a dividend of RMB 1.6 per 10 shares (tax inclusive).
During the reporting period, the sales of all products of the company increased significantly, including 82.99 percent for excavating machinery, 93.5 percent for lifting machinery and 145.52 percent for piling machinery.
According to the company, in 2017, the sales of concrete machinery amounted to RMB 12.6 billion. Its revenue from the sales of excavating machinery amounted to RMB 13.67 billion, with a market share of over 22 percent.
The market share of its medium and large excavators increased rapidly. The market share of its lifting machinery, piling machinery, and other products have risen steadily as well. Among them, the market share of products like truck cranes with a tonnage capacity of more than 100 tons and crawler cranes with a capacity of over 50 tons, occupy leading positions in the industry.
In 2017, revenue from international sales amounted to RMB 11.618 billion, representing a year-on-year increase of 25.12 percent, and its gross profit margin had increased by 3.6 percentage points year-on-year, leading within the industry.
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