China Business Times: Xiang Wenbo: The wealth of Sany Heavy Industry is very sunny

At the "Hurun Report Entrepreneur Summit" held a few days ago, the president of Sany Heavy Industry (600031) told Wenbo that the company's entire wealth accumulation process is very clear and clean, and it has the ability to continue to create wealth.

Xiang Wenbo said that the wealth of Sany Heavy Industry comes from the opportunities of China's reform and opening up, and from the joint efforts of employees and all shareholders. In the process of growth, there has been no merger and reorganization, all of which rely on independent innovation, rely on the development of products, sell equipment, and build factories to develop, and the wealth of Sany Heavy Industry is the wealth of sunshine.

He pointed out that Sany Heavy Industry has the ability to create greater wealth internally on an ongoing basis. It is a listed company with equipment manufacturing industry, especially construction machinery as its core business. Depending on China's economic situation, there are at least 10 to 20 years of opportunities for the industry to grow rapidly. He said that this development opportunity mainly comes from three aspects. One is that China's urbanization and industrialization process is not yet complete, and China still needs a lot of infrastructure. China's urbanization is less than 50%, which is less than the world average, and it still requires a lot of infrastructure, and a lot of real estate. In recent years, China's reform and opening up cities have been built beautifully, but the city's supporting facilities are still relatively backward, the underground construction system is still very poor, and the airport construction still has very broad development prospects.

"China's economy is still in a stage of rapid development, China's industrialization and urbanization process has not been suspended, and the work of replacing people with machines has just begun." Xiang Wenbo said, "Machines are widely used in farming, snow removal and other work in the United States, and in China, there is still a lot of room for development for machines to replace human work." ”

"Globalization is a bigger market for Sany Heavy Industry." "In neighbouring India, there is not yet a real highway, and the infrastructure is very backward. Many developing countries do not have their own construction machinery industry, which provides a broader international market for the company. ”

"China's construction machinery industry is a globally competitive industry, and we are confident to seize the opportunities given by the times and create greater wealth." Xiang Wenbo said confidently.