Summary: "The first share of share reform" Sany Heavy Industry opened the era of full circulation

China News Service Changsha, June 17On the 17th, with the circulation of all the shares held by Sany Group, the controlling shareholder of Sany Heavy Industry, Sany Heavy Industry became the first listed company to achieve full circulation of shares since the reform of equity division in Chinese mainland, which means that the era of full circulation of the A-share market has officially arrived.

Regarding the market's concern that there will be a large-scale reduction and cash-out panic in the era of full circulation, and the worries of shareholders that major shareholders will reduce their holdings of Sany Heavy Industry shares after full circulation, Liang Wengen, chairman of Sany Heavy Industry, said: "Sany has no reason to reduce its holdings. ”

On June 10, 2005, Hunan private enterprise Sany Heavy Industry successfully implemented the share reform, opening the "ice-breaking maiden voyage" of China's equity division reform, known as "China's share reform * 5656 shares". Talking about this experience three years later, Liang Wengen seemed very relaxed. "Before the share reform, the relationship between large and small shareholders was somewhat like that of couples in the same bed and with different dreams. The shares of major shareholders are not in circulation, and the operating results are not responded to in a timely manner in the secondary market, resulting in low enthusiasm of the operators. On the contrary, the major shareholders have changed their methods to seek personal gains, eating the big and eating the small, and hollowing out the listed companies. Now, big and small, shareholders are in the same boat. ”

The success of Sany Heavy Industry's share reform, coupled with the "Sany model" of "sending shares + sending cash", was later widely adopted, providing a successful experience for the promotion of share reform, and Sany was known as "the vane of China's share reform".

With the help of the market value of the top in the industry after the share reform, Sany Heavy Industry has been recognized as an industry stock. On June 1, 2005, the next trading day before the suspension of the share reform vote, the closing price of Sany Heavy Industry was 19.68 yuan, the total share capital at that time was 240 million shares, and the company's total market value was 4.7 billion yuan. Three years later, Sany Heavy Industry's total share capital quadrupled, and the company's total market value was as high as 67.5 billion yuan at its *5661 price, which was 14 times that before the share reform.

According to the data, last year, Sany Heavy Industry achieved an annual operating income of 9.145 billion yuan, an increase of 75.52 percent over the same period last year; The net profit was 190.6 billion yuan, an increase of 157.12 percent over the same period last year. In the first quarter of this year, Sany Heavy Industry achieved operating income of 2.664 billion yuan, an actual increase of 98.7 percent over the same period last year.

The development of the construction machinery industry is closely related to the investment in national infrastructure construction, the national "Eleventh Five-Year Plan" to encourage the Yangtze River Delta, the Pan-Pearl River Delta, the Bohai Rim and other eastern regions to take the lead in the development and revitalization of the old industrial base in Northeast China, to promote the development of the west, to promote the gradual implementation of the strategy of the rise of the central region, which contains huge business opportunities in China's construction machinery market.

For the future development, Liang Wengen is full of confidence, "At present, China's construction machinery industry is still in the growth period, and the future is full of unlimited opportunities. At the same time, the substantial growth of exports will also drive the rapid growth of the whole industry. (Xiao Qianhui, Chen Zhiting)