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Sany Heavy Industry Sany Heavy Industry Co., Ltd. (SH:600031)
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Sany Renewable Energy Sany Renewable Energy (SH:688349)

Sany Heavy Industry accelerates

  • 2009.10.30

After more than half a year, after continuing to fight against the financial turmoil, Xiang Wenbo, the executive president of Sany Group (hereinafter referred to as Sany), who has always been known for its "spontaneity", is much more optimistic. In an interview with The Manager, he even predicted that "China's economic situation, which has been rapidly declining, will rebound in the second half of 2009." Xiang Wenbo, who has always been quick to talk, is this prediction accurate? However, Xiang Wenbo believes that his words are not false, and he said that the Chinese government's economic stimulus policies will finally be effective in the second half of 2009.
As of the end of February 2009, 92 listed companies in the machinery industry have announced their 2008 annual reports or performance forecasts, nearly sixty percent of the performance is poor, and the growth rate of net profit has dropped sharply compared with the previous year, and the loss area has increased. However, Sany is alone: in 2008, it achieved sales revenue of 20.9 billion yuan, an increase of 56% over the previous year, and completed 98% of the annual plan, of which overseas sales even achieved a rapid growth of 160%. The company's performance last year undoubtedly gave Xiang Wenbo enough confidence, and he even made a bold statement: "Sany's sales scale in 2009 will exceed 30 billion yuan." ”
In the midst of serious difficulties in the global economy, Sany can continue to lead, what important business codes does it hold? Will it still be able to thrive in 2009?

 

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