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Revenue exceeded 10 billion! Sany International posted a beautiful report card!

2022.03.30

After market hours on March 29, Sany Heavy Equipment International Holdings Limited (hereinafter referred to as "Sany International" or the "Company"; Stock Code: 00631.HK HK) announced its 2021 annual results.

As of December 31, 2021, the company achieved operating income of approximately RMB10.19 billion, representing a year-on-year increase of approximately 38.4%, and net profit of approximately RMB1.31 billion, representing a year-on-year increase of approximately 24.5%.

During the reporting period, the company's sales revenue increased significantly over the same period last year, mainly due to:

(1) Intelligent and electrified products continue to be introduced to the market.Intelligent TBM,Electric reach stacker, electric forklifts, electric wide-body vehicles and other products have been widely recognized by the market, and the revenue has increased significantly.

(2) Wide-body trucks and telescopic forklifts quickly open up the international market.International sales revenue increased by 155.1% and 439.4% respectively, resulting in a significant increase of 54.0% in overseas sales revenue.

(3) The revenue of robot business was 1.15 billion yuan, a year-on-year increase of 188.3%.

During the reporting period, the company's R&D expenses exceeded 750 million yuan, a year-on-year increase of 67.9%, and the R&D expense ratio was 7.4%.It has continuously invested more than 160 million yuan in new business fields such as unmanned mining vehicles, smart logistics, intelligent production lines, AGVs, and electric forklifts.

The company's R&D strength is inclined to digitalization, internationalization, and electrification.Among them, the number of digital talents increased by 77%, the number of international talents increased by 50%, and the number of electric talents increased by 80%.

During the reporting period,The company's product competitiveness and brand influence have been further enhanced.Among them, roadheaders, forklifts, reach stackers, continue to maintain the first brand; The market share of fully mechanized mining and Dagang Machinery continued to increase.

Overseas sales achieved another good result, achieving revenue of 2.10 billion yuan, a year-on-year increase of 54.0%.Among them, the European, Southeast Asian, and American markets increased by 95.7%, 48.1%, and 42.1% respectively, and the proportion of international revenue reached 20.6%.

The products are fully upgraded to electrification and intelligence.A variety of intelligent and electrified products have been rolled off the production line, and breakthroughs have been made in the construction of intelligent excavation model mines and the unmanned commercial operation of mining vehicles.

Rapid growth of robot business,96 orders were executed throughout the year, and external customers won a total of about 170 million yuan, successfully developing customers such as Honeycomb Energy, CRRC, and Wuliangye.