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Sany Heavy Industry: integrate and complete the scale of overseas expansion to improve performance

Sany Heavy Industry: integrate and complete the scale of overseas expansion to improve performance

China Construction machinery information

Guide: scale drives profits, and the leader benefits the most. In the first half of the year, domestic construction machinery maintained a high boom, among which concrete machinery, excavators and truck cranes grew faster, with year-on-year growth of 117%, 128% and 162%, while the income of crawler cranes, road machinery, piling machinery and accessories increased by

scale drives profits, and the leader benefits the most. In the first half of the year, domestic construction machinery maintained a high boom, among which concrete machinery, excavators and truck cranes grew faster, with year-on-year growth of 117%, 128% and 162%, while the income of crawler cranes, road machinery, piling machinery and accessories increased by 16%, 93%, 51% and 78% respectively. In the first half of the year, the comprehensive gross profit margin of the company's construction machinery products reached 38%, with a year-on-year increase of 2.26%. In the long-term use, the materials will produce yellowing and aging phenomenon%. Among them, the gross profit margin of concrete machinery hit a record high of 42.54%; The gross profit margin of excavators also increased by 3.68% year-on-year to 32.19%; The gross profit margin of truck cranes increased rapidly, with a year-on-year increase of 7.91% to 26.24%. We expect that the increase in gross profit margin is mainly due to the increase in product sales and the low price of raw materials such as steel

optimize the product structure, acquire assets and improve the profitability of the company. In the first half of the year, the company completed the acquisition of Hunan Automobile and sany () automobile. Taking into account the assets of Sany excavator injected in 2009, the company's main business has added two new businesses of excavator and truck crane, and the product structure has been further optimized. The new assets are in a leading position in China, with a large growth space. The completion of the acquisition will further enhance the company's profitability and anti risk ability, and improve the company's core competitiveness, In the future, it will become the main force to promote the rapid growth of the company's performance

developing overseas markets and improving international cryogenic tanks are the strategic layout relative to impact testing machines. In the first half of the year, the company reached an investment intention with the state government of Sao Paulo, Brazil, to invest 200 million US dollars to establish a construction machinery production base in Sao Paulo, and plans to produce excavators, crawler cranes and other construction machinery products. Once the investment plan is officially signed, the company will start the land acquisition and construction of R & D and manufacturing base in Paul state, deputy director of the state owned assets supervision and Administration Commission of San huangdanhua, as well as the related work of R & D and marketing management for the South American market, so as to realize the localized manufacturing and sales of products in Brazil and further radiate the South American market. After successively investing in the construction of R & D and manufacturing bases in India, the United States and Germany, the company has gradually improved its international strategic layout, laying a solid foundation for realizing product localization, talent localization, resource localization, and promoting overall internationalization

risk factors and catalysts: the uncertainty of domestic and international macroeconomic and raw material price fluctuations, as well as the uncertainty of the impact of macro-control in real estate and other related industries, are the main risk factors facing the company, including hydraulic universal testing machine and electronic universal testing machine. The acceleration of national investment in high-speed rail, the growth of affordable housing construction and the exceeding expectation of the company's annual report are the main catalysts for the company's share price