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Sany International's interim results are gratifying, sales and net profit both increase

Release time: 2020-08-19 16:31:02 Source: Bulldozer

  Thanks to the product upgrade of Sany International's innovative technology, the company has accelerated its digital transformation, actively promoted intelligent manufacturing, and has steadily advanced various strategies such as upgrading the GSP system. On August 17. Sany International (00631.hk) announced mid-2020. Performance report. As of June 30. 2020. Sany International achieved sales revenue of 3.815 billion yuan, a year-on-year increase of 25.3%; net profit was 640 million yuan, a year-on-year increase of 16%; operating cash flow was 650 million yuan, a year-on-year increase of 25.8%.


Sany International's interim results are gratifying, sales and net profit both increase


  During the reporting period, the company's sales revenue increased significantly compared with the same period last year, mainly due to the gradual increase in the company's main product market share and continued revenue growth. The newly-launched wide-body mining vehicle has been widely recognized by customers, and its market share has increased significantly. Sales revenue in the first half of the year increased by more than 3 times year-on-year


  In the first half of this year, the company invested about 200 million yuan in research and development, accounting for about 5% of revenue. In order to meet the market's new demand for equipment intelligence, automation, green and high efficiency, Sany International's innovative technology has upgraded its products, including SKT90E pure electric wide-body vehicle's first pure electric dual-motor series transmission system, which saves 75% of average energy consumption. The SKT90Ei unmanned electric wide-body vehicle was successfully rolled off the line, the EBZ160i intelligent roadheader, the MG730i intelligent shearer and other new products were launched and many customer orders were obtained; the autonomous core technologies such as the fully automatic grab and drop container and the yard TCS system are available in Tianjin Port and Haixing Wharf Successfully applied in automation projects, greatly improving packing efficiency.


  The overseas market share continued to grow. In the first half of the year, Sany International achieved major breakthroughs in its overseas strategic market and continued to deepen its strategic customer cooperation. In the first half of the year, its international sales revenue was 780 million yuan, a year-on-year increase of 26.1%. Mining equipment has completed the distribution of 6 regional market channels in Eastern Europe, Central Asia, India, Indonesia, Africa and South America. Among them, mining trucks were fully promoted in overseas markets, and sales revenue increased by 55.3%.


  While the sales revenue has increased significantly, the company has accelerated the promotion of digital transformation, deepening into the entire process of supply chain, production, and customer service. Thanks to this, during the reporting period, the company's management and sales expense ratio decreased by 2.2% year-on-year, and the return on net assets increased by 0.4%.


  In terms of corporate production, Sany International actively promotes intelligent manufacturing and fully promotes the construction of "lighthouse factories". Through the application of robots, automatic guided vehicles, and control technology, the automation rate and production efficiency are improved, and the equipment operating rate and operation rate are increased by more than 30%.


  In terms of supply chain, Sany International has realized the visualization of supply chain management by upgrading the GSP system, improved the ability to guarantee supply, and greatly reduced the operating costs of suppliers.


  In terms of customer operation and services, in 2020. SANY International's service accessories digitalization will be upgraded again, and the five core service programs of lecture hall, remote service, intelligent call center, accessories mall, and logistics visualization will bring customers all-touch peak experience.


  Sany International’s interim results have given the market a surprise, and we look forward to a very good performance in the second half of the year.