Sina Finance: *Home Dialogue Sany Heavy Industry: Construction machinery is an industry where the sun never sets

Source: Sina Finance

Sina Finance* talks to Sany Heavy Industry, trying to show you the same city, the same industry, the same era, different enterprises, different entrepreneurs and their different styles.

The following is a transcript of the conversation:

1、Sina FinanceSany, Zoomlion, the two domestic and international construction machinery giants are in Changsha to start, growth, what do you think make Changsha can become one of the core gathering places of the construction machinery industry?

　　Sany Heavy IndustryHunan Province and Changsha Municipal Government in policy, planning, capital, platform construction, talent training and other aspects of strong support, professional personnel continue to gather, the continuous innovation and efforts of the enterprises themselves, is an important reason why Changsha can become the core gathering place of the construction machinery industry.

2、Sina Finance: What are the characteristics of the business environment created by the local government? In recent years, when it comes to the need for different levels of government to come forward to coordinate, Sany often suffers, what do you think?

　　Sany Heavy IndustryThe business environment created by Hunan Province and Changsha Municipal Government is good and healthy, which is fully proved by the rapid and good development of Sany. Trinity is eternally grateful for this.

3、Sina FinanceAs a leading enterprise in the field of construction machinery, how does Sany give full play to the advantages of private mechanism? What are the considerations for formulating an endogenous development path? In the face of overseas giants and large state-owned enterprises with deep accumulation, especially Zoomlion, its rival in the same city, how to start from scratch and gradually expand the product field to today?

　　Sany Heavy IndustryAs a private enterprise, Sany has the innate market pedigree of private enterprises. The development of Sany is mainly driven by two factors, one is innovation-driven and the other is talent-driven. The private sector has injected a steady stream of vitality into these two drives.

Sany has never given up on external acquisitions, but it has always suffered from the lack of good timing and no good objects, so in the past, Sany showed more of an endogenous development. But this year, when the good time and object appeared, Sany did not let go of this opportunity. With the acquisition of Putzmeister and the partnership with PALFINGER, Sany will continue to look for suitable opportunities to expand its capabilities.

Sany can start from scratch and gradually expand the product field to this day, *5655's magic weapon is innovation, and Sany's annual R&D investment accounts for more than 5% of sales. Relying on innovation, Sany has created differentiated products and won the recognition of customers and the market. Another important tool is service, by continuously improving the service concept and promoting service innovation, Sany's service not only satisfies customers, but also drives the improvement of the overall service level of the industry. In addition, Sany also has a lofty ideal to support the continuous development of Sany's cause, that is, to contribute a *5653 brand to the Chinese nation.

4、Sina Finance: At present, we are in the "post-4 trillion era", under the macro environment and industry pressure, the high growth trend in the early stage is difficult to sustain, what stage do you think the development of the industry has entered? When you are at the forefront of the world and have your own advantageous product line, how to clarify your own positioning, plan the direction of future development (such as improving the product line and industrial chain) and focus on coping? What are the *5655 difficulties you are facing?

　　Sany Heavy IndustryThe prospects of the construction machinery industry are not so pessimistic, on the contrary, the trend of high growth in the early stage is abnormal, and now it is really a rational growth. The construction machinery industry is not a cyclical industry. At present, China's urbanization level is still low, urbanization, infrastructure construction is still continuing to advance, the construction machinery industry can be said to be a "sun never sets" industry.

Sany has a clear vision of its own positioning and goals, that is, a business card created by China and China, and has become the world's leading manufacturer in the field of construction machinery. At present, Sany is still continuing to increase investment in scientific research and innovation, improving product quality and service level by improving innovation capabilities, strengthening cooperation with universities and research institutes, enhancing the influence of Chinese brands in key components and other aspects, and improving the layout of the industrial chain.

Sany hopes that the state can give greater support to private enterprises in their innovation capabilities.

5、Sina Finance: Recently, the recent entanglement of incidents involving Sany Zoomlion led by the relocation of Sany headquarters is a manifestation of the high pressure and bottleneck of industry development competition? What is the main reason for the relocation of the headquarters? Is it a performance in response to the competition in the same city in the industry? How do you evaluate Zoomlion, which is across the Xiangjiang River and has experienced nearly 20 years of competition and is also an industry giant?

　　Sany Heavy IndustryThe relocation of Sany headquarters has nothing to do with the investment environment in Hunan Province, the main reason is to avoid vicious competition, accelerate the internationalization process of the company, and realize the industrial ideal of "quality changes the world" and "achievement * 5653 Sany". This view has been reflected in the company's announcement.

Not only Zoomlion, XCMG, Liugong and Xiagong are the pride of China's construction machinery industry. It is precisely because of the benign competition that a large number of star enterprises such as Sany, Zoomlion, XCMG, Liugong, Xiagong and so on can be born, and the construction machinery industry can become one of the few influential industries in the world. Sany hopes that this atmosphere of healthy competition can be maintained forever.

6、Sina FinanceSome people say that after rapid development, the development of the industry will enter a stagnation. How do we see the future of the industry and where we stand? After the headquarters is relocated, can it avoid vicious competition in the industry? In the midst of global competition, is it possible for China's leading companies, such as Sany and Zoomlion, to cooperate in response to international competition?

　　Sany Heavy Industry: Sany is still full of confidence in the development of the construction machinery industry. As long as China is still in the process of urbanization, the development of the construction machinery industry will not stop. Sany will continue to work hard for the dream of becoming a *5653 brand and continue to contribute to China's construction machinery industry.

It is the responsibility of Chinese enterprises to cope with international competition and strengthen China's influence in the world. In the process of response, multiple enterprises may need to work together and develop together. Sany will always adhere to the responsibility of Chinese enterprises. (Zu Hao)