2025.10.13
Trinity Group
After many years of going overseas, China's construction machinery enterprises will exceed the $50 billion mark in 2024, an increase of more than 1.5 times during the entire 14th Five-Year Plan period.
On October 11, Xiang Wenbo, Secretary of the Party Committee, Rotating Chairman of Sany Group, and Chairman of Sany Heavy Industry, appeared on CCTV Finance's "Dialogue" program, and jointly interpreted the new strategies and new achievements of Chinese enterprises going overseas behind this "new overseas growth curve" with the leaders of construction machinery.
The highlights of the show are numerous, let's take a look at how Xiang Wenbo's golden sentences are frequent!
The necessity of going to sea: If you don't go to sea, you will be out
There is a saying called "if you don't go to sea, you are out", and I think it is right. If Chinese construction machinery companies did not lay out overseas markets in the early stage, it may be very difficult to cope with China's economic cycle.

In addition, from a macroeconomic point of view, everyone talks about the "middle-income trap". If a country cannot produce a large number of world-class enterprises in the process of economic development and rely entirely on the domestic market, this model is unsustainable.
Refuse to involution, quality changes the world
Low price competition, I think that's who dies faster than whom. Sany's answer is: we want to go in the direction of high-end and differentiation. I educate our employees on two solutions, one is to produce high-quality products, and the other is to provide high-quality services to customers.
We have always firmly believed that quality changes the world, and we must create a world image made in China with extremely high product quality and service.
Facing challenges: strictly control risks and make every effort to develop
In the chaotic and intertwined international situation, I think there are eight words to deal with the challenge: first, strictly control risks, that is, to keep the bottom line; At the same time, we must make every effort to develop. Under the premise of strict risk control, we must make every effort to develop.

Cash flow is important, and sometimes a mistake in decision-making can be devastating. When you are trying, you must do what you can. Sany has invested tens of billions of yuan in smart factory upgrading and transformation in recent years, which of course also has challenges and risks. But this risk is within our ability, even if it fails, it will not cause catastrophe to the enterprise, so we must try boldly.
Technological revolution: better to try and fail than to miss
When it comes to the future technological revolution, there is a saying: it is better to try and make mistakes, but not to miss it. New technological revolutions are coming, such as the fourth industrial revolution and the third energy revolution. If we do not comply with the requirements of the times, we will be eliminated by the times.
Challenges are opportunities. For example, in the context of the two major technological revolutions, if our products can achieve competitive advantages in intelligence and green and low-carbon, this is an opportunity to cross the cycle.
Entrepreneurship: Every day is to face difficulties
As an entrepreneur, it is to solve these problems of going overseas (unfamiliar policies and unfamiliar environments). From entrepreneurship to growth, any enterprise will encounter many difficulties every day, and it is precisely because entrepreneurs have overcome various difficulties through their own innovation and efforts to grow and develop in the competition.

Entrepreneurs are a special group. If you enjoy the life of 9 to 5 in the morning, enjoy the hot kang of your wife and children, and you want to be a great entrepreneur, this is simply impossible.
Global footprint: Made in China is everywhere
Recently, I have gone abroad several times, and I have found a phenomenon: China's construction machinery is already a ubiquitous existence. The last time I was in transit at the airport in Ethiopia, I looked down in the hotel where I was staying, and there was a Sany downstairsPump truckIn construction.
In the future, as long as you pay a little attention when you go abroad, you can see the figure of Chinese construction machinery, which is already an existence that cannot be ignored or can be seen everywhere.
New goal: to sell better products + benefit the world
One is to sell more products, and work hard to sell better products, especially to seize the two major scientific and technological revolutions, one is the fourth industrial revolution, that is, artificial intelligence (AI), big data, and the other is the new energy revolution, to enhance our product competitiveness in these two directions, and even lead industrial development.

The other is to benefit the world. We need to reconstruct the supply chain, carry out R&D, manufacturing, etc. overseas, bring more benefits to the world, and let people share the opportunities of China's development together. The general secretary put forward the concept of a "community with a shared future for mankind" and even proposed at the Forum on China-Africa Cooperation that we cannot leave any African brother behind on the road to modernization. Therefore, to drive the industrialization of non-industrial countries and help them embark on the road of modernization, I think this is also an important mission of enterprises.
Next destination: Moon or Mars
(The next destination may be the moon or Mars, because there is a market for excavators on the earth, and basically we have arrived.
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