Hunan News Network: Fortune * Innovative Company List Released Sany Heavy Industry Industry Residence*

Source: Hunan News Network Author: Liu Shuangshuang

 
Changsha, August 13 (Reporter Liu Shuangshuang) On August 13, Fortune Chinese officially released the list of "2012 Most Innovative Chinese Companies", Tencent Holdings Co., Ltd. ranked first, and Sany Heavy Industry (600031) Co., Ltd. ranked third, becoming the company ranked 5661 in the domestic construction machinery industry. Changsha Zoomlion Heavy Industry Science and Technology Development Co., Ltd. entered the list for the first time, ranking eighth.

Of the 25 companies on the list this year, there are 16 new entrants. "Only nine companies that made the list last year have retained their positions. Such drastic changes show that innovation requires continuous investment and attention, and any slack will be surpassed by competitors. Wealth-related people said.

As a representative of continuous innovation in the construction machinery industry, Sany Heavy Industry has jumped from 13th last year to third place. "In the past 18 years, Sany has started from scratch to China's *5656 and the world's sixth, and the fundamental reason is innovation and comprehensive competitiveness." Xiang Wenbo, president of Sany Heavy Industry, said: "Innovation is difficult to measure in terms of profits. It's hard to calculate how much it costs, and there's no template to calculate what kind of process it has to go through, but management innovation, technological innovation, and service innovation all add up to your overall competitiveness and profitability. It is reported that Sany Heavy Industry's R&D investment accounts for about 5% ~ 7% of sales, and the world's first-class construction machinery enterprises are less than 4% of the level.

The large investment higher than the industry level has enabled Sany to achieve endogenous growth through continuous innovation, weaken its dependence on external economic conditions, and cope with the economic cycle calmly. Sany's continuous innovation lies in the system to build a platform for construction machinery technology innovation. The Sany innovation platform system includes three hardware platforms: "Innovation Base", "Innovation Agency" and "Innovation Alliance", and two software platforms of "Management System" and "Innovation Culture". The software platform and the hardware platform support each other. The construction of the platform lasted 13 years, with a cumulative investment of more than 5 billion yuan and more than 30,000 participants. In 2011, the construction of this innovation platform won the second prize of "National Science and Technology Progress Award".

"From the source, Sany's innovation gene is related to the quality of entrepreneurs, and everyone feels that only by doing things that others can't do can there be market opportunities and high profits. This philosophy has been passed down to become the basic business philosophy of Sany. Xiang Wenbo told reporters.

In fact, what Xiang Wenbo said that others can't do is that products replace imports. In 1994, when Sany entered the construction machinery industry, more than 90% of the domestic market was firmly occupied by several multinational companies; More than 20 years later, Sany has built itself into the world's *5655Concrete machinerymanufacturing bases, as well as listed companies with a market capitalization of *5655 in the industry. Like a catfish, Sany has guided the development of the technical level of the entire industry by relying on non-stop independent innovation, and has continuously recovered the market occupied by international bigwigs. Today, the "national" brand has occupied more than 95% of the share. Zoomlion, a partner in the same city, also broke into the innovation list this year, ranking eighth.