SHANGHAI, Aug. 30 (Xinhua) -- China's leading heavy equipment manufacturer Sany Heavy Industry Co., Ltd. reported a 99.14-percent annual growth in net profit in the first half of 2019 amid booming market demand.
The company earned a net profit of 6.75 billion yuan (945 million U.S. dollars) in the first six months, according to its interim results report filed to the Shanghai Stock Exchange on Thursday.
Sany said it raked in revenue of 43.39 billion yuan, up 54.27 percent year on year, as factors including increased infrastructure construction, environmental protection and a shift from labor to machinery drove up sales.
The company also attributed its robust H1 performance to a larger market share of its excavators, concrete machinery and cranes in the domestic market.
Meanwhile, Sany's sales revenue from the overseas market posted a year-on-year growth of 15.34 percent to reach 7.03 billion yuan.
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