Higher Vocational Education No. 1 Share! Sany Institute of Technology, a subsidiary of Sany Group, was officially listed

On March 16, 2017, Hunan Sany Institute of Technology Co., Ltd. (hereinafter referred to as "Sany Institute of Technology"), the third listed company of Sany Group, was officially listed today. After the successful listing, Trinity College has also become the first higher vocational college in the new third board market. Since most of the main income of Trinity Institute of Technology comes from higher vocational education, it can also be called "higher vocational college*5656 shares". The successful listing of Sany Institute of Technology is a milestone, which can break the dispute over the profitability of colleges and universities, and it is expected that more private universities will actively apply for landing on the New Third Board in the future.

Previously, Sany Heavy Industry announced that Hunan Sany Institute of Technology Co., Ltd., a subsidiary of the company, received the "Letter on Agreeing to the Listing of Hunan Sany Institute of Technology Co., Ltd. on the National SME Share Transfer System" issued by the National SME Share Transfer System Co., Ltd. on January 26, 2017, and agreed that the shares of Hunan Sany Institute of Technology were listed on the National SME Share Transfer System, and the transfer method was transfer by agreement.

Sany Heavy Industry holds 99% of Sany Institute of Technology

According to the data, the predecessor of Sany Institute of Technology was established on January 10, 2005 Hunan Zhongcheng Machinery Co., Ltd., which was founded by Hunan SanyRoad machineryCo., Ltd. and Zhongfu (Asia) Machinery Co., Ltd. are jointly funded and established in Changsha City, Hunan Province.

In July 2016, the company carried out business restructuring and acquired Hunan Sany Industrial Vocational and Technical College, and its main business was changed to higher vocational education in construction machinery, mechanical and electrical engineering, welding engineering, public administration and other majors. The following month, the company was changed to a joint-stock company.

In 2014, 2015 and 2016, the operating income of the School of Engineering from January to June was 38.076 million yuan, 48.8988 million yuan and 23.271 million yuan respectively, and the net profit was -7.9363 million yuan, 1.6644 million yuan and -1.1895 million yuan respectively. At present, the main business of Sany Institute of Technology is the R&D, production, sales and related technical services of sheet metal and profile cabs, as well as cabinets and panels.

Sany Heavy Industry is not only the controlling shareholder of Sany College, but also has a significant impact on its business development. Among them, Sany Heavy Industry holds 315 million shares of Sany College, accounting for 99% of the total share capital, and Sany Automobile Manufacturing Co., Ltd., a subsidiary of Sany Heavy Industry, holds 3.18 million shares, accounting for 1% of the total share capital. In the enrollment process, Trinity College and the head of human resources of the employer conducted interviews together, realizing "enrollment is recruitment", which also made the employment rate of the college's graduates exceed 98%.

According to the official website of Hunan Trinity Industrial Vocational and Technical College, the first phase of the college has an investment of 450 million yuan, covering an area of 800 acres, and the existing teaching building covers an area of 125,000 square meters, which can accommodate 6,000 students at the same time. At present, there are 6 majors such as construction machinery application and maintenance, welding technology and automation, numerical control, mechanical and electrical equipment maintenance and management, mechatronics, and logistics management. It has 47 training experimental teaching fields, more than 5,000 sets of equipment and instruments, and the value of training equipment is as high as more than 80 million yuan.