China's Ongoing Infrastructure Boom Lifts Sany High

Following a continuous increase in the net profit for 70% and operating income at 30% within four years, Sany has not been too negatively affected by COVID-19. Specifically, it obtained a rise of about 44% in its income in the second quarter of 2020. Moreover, the rising income was the result of increasing demand in China.    When it comes to the rising demand, infrastructure spending and environmental standards cannot be ignored. According to tU (财经涂鸦), Sany is still benefitting from China’s infrastructure investments. For instance, the excavator industry is expected to increase by 20% to 30%, and the crane industry to rise by 70% to 80%. Furthermore, Sany’s increase since July 2020 was even higher than the overall industry, which hit a 100% increase.   The machinery-maker also has a bigger ambition in its digital planning. As tU said, Sany will put more than CNY 10 billion into upgrading construction. Its newest five-year plan aims to get CNY 300 billion and to conduct exports in 2020. While, for its digital factories, its production efficiency has increased by over 50%.

Sany is on CCTV Again for its Growing Business

CCTV is reporting Sany again, and it is genuinely searching about the manufacturing industry. Specifically, it is mainly focusing on the busy production in intelligent manufacture. According to this reporting, June to August used to be the offseason for the engineering manufacture, but with the massive growth in this year’s market orders, there is more robust demand in engineering machinery, To meet the vigorous market demands, Sany is largely promoting the digital transformation. Except for the first ‘lighthouse industry’ (灯塔工厂), Sany also keeps expanding other industry lines. Thanks to its digital transformation, the firm’s operating efficiency have increased massively, and there was a 2.07 points improvement in its gross profit rates in 2019. Moreover, its net cash flow has reached a historical high, for CNY 13.26 billion recently. According to CCTV’s reports, there was an eruptive growth in the manufacturing industry, which benefits Sany’s development. On the one hand, construction investment drives an increase in the manufacturing industry’s needs. On the other hand, the leading enterprises are putting more investments in intelligent manufacture, improving products’ qualities and management efficiency.

Sany Promotes its Digital Transformation

CCTV is reporting on Sany again, and it is genuinely digging into the manufacturing industry. Specifically, it is mainly focusing on the busy production cycle taking shape in intelligent manufacturing. According to this reporting, June to August used to be the offseason for engineering manufacturing, but, with the massive growth in this year’s market orders, there is a more robust demand in engineering machinery. To meet the vigorous market demand, Sany is largely promoting digital transformation. Apart from being the first ‘lighthouse industry’ (灯塔工厂), Sany also keeps expanding other industry lines. Thanks to its digital transformation plan, the firm’s operating efficiency has increased massively – there was a 2.07-point improvement in its gross profit rates in 2019. Moreover, its net cash flow reached a historical high recently at CNY 13.26 billion. According to CCTV’s reports, there was an eruptive growth in the manufacturing industry, which benefitted Sany’s development. On the one hand, construction investment drives an increase in the manufacturing industry’s needs. On the other hand, the leading enterprises are putting more investments in intelligent manufacturing, improving the quality of products and management efficiency.

Comparison Between XCMG and Sany

Sany / Volvo Collaboration Shows Clear Mutual Benefits

Sany and Volvo began their long-term strategic contract in 2017, laying the foundation for deep cooperation. During these years, Volvo’s sales volumes have increased by 75% in China, and there was over 50% growth in orders, which were consigned to Sany. Hence, the presidents of both firms met recently to discuss further collaboration. Sany and Volvo are the tier-one firms in each of their respective areas; Sany is good at equipment manufacturing while Volvo specializes in automaking. Affected by the COVID-19 crisis, Sany's expense ratios have decreased by around 0.65%. However, the increasing need for pump truck markets helped to increase Sany's operating incomes in June and July, with Volvo as its chassis provider. Regarding Volvo, cooperation with Sany would further expand its business in China. According to Volvo’s annual report, there is a strong demand for Volvo cars in the Chinese market, with a sales growth of 18.7% compared with last year. As a whole, its retail sales in China have occupied the highest percentage of its overall sales – 29.91%. 

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