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SANY ranks on “The Most Admired Chinese Companies” list in Fortune China

SANY ranks on “The Most Admired Chinese Companies” list in Fortune China

On October 12, Fortune China released “the most admired Chinese companies” in 2017. SANY Heavy Industry, as the only engineering machinery enterprise, ranked NO.15 on the list, and this is the seventh time SANY be on the list.

In this year, the production and management of SANY goes well as before, and the benefits are steadily improving. In the first half of 2017, SANY reported revenue of $2.89 billion, with a year-on-year growth of 71.2%. It is worth noting that, SANY’s net cash flow generated by operating activities of the first half year is 887 million dollars, which is a year-on-year growth of 279.2%. This means a better steady business trend of Sany Heavy Industry and a greater ability to against risks.

Also, for these years, SANY has actively promoting the enterprise transmission from traditional engineering manufacturing field to new business field. SANY has made substantial progress in military, assault trucks, VR unmanned remote-controlled excavators, environmentally friendly smart refuse trucks, business incubators and financial fields.

In terms of global management, relying on the opportunity of “Belt and Road Initiative”, SANY strengthened the global cooperation of production capacity with the countries along the “road”. In the first half of this year, SANY reported the international sales revenue of 872 million dollars, with a year-on-year growth of 25.9%, leading the whole industry.

Details

  • Changsha, Hunan, China
  • Tracy Zhang