China Economic Net: Sany Heavy Industry has become "the most appreciated Chinese company" for four times on the list of industry *1

Source: China Economic Net

Fortune (Chinese edition) released its 2014 "Most Admired Chinese Companies" ranking on September 25. Construction machinery giant Sany Heavy Industry Co., Ltd. was on the list for the fourth time, ranking 12th on the all-star list, becoming the first Chinese construction machinery company to be selected as one of the top 50 on the list, and at the same time ranking first in the "manufacturing" industry list.
The list was obtained by Fortune magazine to 1,037 company executives from all walks of life, and the survey scoring criteria mainly included nine aspects: product and service status, long-term investment value, rational use of company assets, innovation ability, management quality, financial soundness, ability to attract and retain talents, social responsibility, and effectiveness of global operation.
The list shows that Ali re-topped the "All-Star List", Baidu ranked second, Huawei entered the top three, and Tencent, Haier, Xiaomi, Lenovo, Wanda, JD.com, and Gree occupied several other top 10 seats. Sany Heavy Industry ranked 12th and is the first construction machinery company on the list, and most of the other selected companies are IT, electrical appliances and real estate companies.
Judging from the "industry star list", the five seats in the manufacturing industry are occupied by Sany Heavy Industry Co., Ltd., Xuzhou Construction Machinery Group Co., Ltd., China Shipbuilding Industry Corporation, China South Locomotive and Locomotive Corporation, and Aviation Industry Corporation of China. In the past four years, Sany Heavy Industry has ranked first in the industry.
In recent years, the construction machinery industry has begun to decline due to the impact of the environment, and the extensive growth model is unsustainable. In the first half of 2014, the company achieved a total operating income of 19.721 billion yuan and a net profit attributable to shareholders of listed companies of 1.37 billion yuan, both of which were in the industry.
The company's overseas sales grew strongly, with sales revenue of 5.44 billion yuan in the first half of the year, accounting for about 27.6% of the company's total operating income (19.72 billion yuan). In the three years before this (2011 to 2013), Sany Heavy Industry achieved overseas sales of 3.425 billion yuan, 8.740 billion yuan and 10.874 billion yuan respectively, an increase of 60.72%, 155.18% and 24.42% year-on-year respectively.
Financial observer Du Boqi believes that Sany Heavy Industry has tapped its potential by improving its management level, diversifying risks by opening up the international market, and absorbing advanced manufacturing and management experience through industry mergers and acquisitions to strengthen its competitiveness in the highly competitive domestic market, providing an upgrade path for the troubled Chinese manufacturing industry.