Xiang Wenbo: Sany does not give up overseas mergers and acquisitions with suitable conditions

　(Economic Observer Network on March 5, reporter Wei Chengwu, special reporter Yu Li)Xiang Wenbo, a deputy to the National People's Congress and president of Sany Heavy Industry Co., Ltd., said a few days ago that although Sany Heavy Industry is currently mainly building its own factories in overseas markets, if the conditions are right, Sany will not give up the opportunity of overseas mergers and acquisitions.

Overseas development is risk-oriented

Sany Heavy Industry's performance last year increased by more than 50%, with sales revenue reaching more than 30 billion yuan and profits of 4 billion yuan, which was a better year ever, and cash flow also reached 2.6 billion yuan. Xiang Wenbo said that internationalization in the next five years is Sany's third venture, and it is necessary to build Sany into a *5653 enterprise.

For Chinese enterprises, especially private enterprises, to "go global", Xiang Wenbo believes that Sany attaches great importance to the risk of overseas market expansion, and there are still many problems in the mergers and acquisitions of overseas enterprises by Chinese enterprises.

"Investments in overseas markets such as India, Germany, and Brazil are all based on market needs, mainly independent investment, but when the conditions are right, Sany will not let go of overseas mergers and acquisitions. This year's overseas market will still run at a low level, and it is still a good time to buy from the perspective of acquisition costs. Xiang Wenbo said.

The two major asset platforms entered at a high pointWind power equipment

For the future strategy of Sany Group in the capital market, Xiang Wenbo said that after the listing of Sany International in Hong Kong, Sany Group has two important listed company platforms of Sany Heavy Industry and Sany International, and Sany Heavy Industry will become the main platform for construction machinery, and the relevant assets within the group will be injected one after another, and Sany International will become the main platform for non-construction machinery assets.

"I am very optimistic about the development prospects of construction machinery in the next 20 years, which is closely related to the process of domestic industrialization and urbanization. However, there are still uncertainties in the near future for the recovery of international markets. Xiang Wenbo said.

Sany Group has entered the field of wind power equipment, Xiang Wenbo disagreed with the argument of overcapacity of wind power equipment, he believes that there may not be a real industry in China at present, and everyone lacks a real understanding of the development speed of China's economy. At present, wind power development accounts for only 1% of the total domestic power generation, while developed countries have reached 20%, and there is huge room for improvement.

Xiang Wenbo pointed out that the current lack of core technology in the field of wind power generation equipment is the most prominent problem, and Sany has entered the field from a high starting point with the core technology of independent research and development.