Sany Heavy Industry's operating income increased to 106.1 billion yuan in 2021, and its digital transformation strategy is stable



On the evening of April 22, Sany Heavy Industry disclosed its 2021 annual report.

During the reporting period, the company's product competitiveness continued to increase, the market share of leading products continued to increase, achieving operating income of 106.113 billion yuan, a year-on-year increase of 6.82%, net profit attributable to shareholders of listed companies of 12.033 billion yuan, net cash flow from operating activities of 11.904 billion yuan, and maintaining a high level of operation throughout the year.

The core competitiveness continues to improve

In 2021, the competitiveness of the company's products will continue to increase, and the market share of leading products will continue to increase.

According to the annual report, in 2021, the sales revenue of Sany excavation machinery will be 41.75 billion yuan, a year-on-year increase of 11.25%, and it will be the sales champion in the domestic market for 11 consecutive years, and its market share will continue to increase significantly; Global sales exceeded the 100,000 mark, ranking first in the world for two consecutive years.

Sany Concrete Machinery achieved sales revenue of 26.674 billion yuan, ranking first in the world for many years.

The sales revenue of Sanyi Heavy Machinery reached 21.859 billion yuan, a year-on-year increase of 12.62%. thereintoTruck cranesThe market share continued to increase and exceeded 31%, and the market share of large and medium-sized crawler cranes continued to increase, with an overall market share of more than 40%, ranking first in the country.

The sales revenue of Sany pavement machinery is 2.7 billion yuan, of which the market share of pavers has exceeded 30%, ranking first in the country.

The operation is stable, and the operation of the enterprise is efficient, healthy and sustainable

In 2021, the company attaches great importance to risk control and operation quality, and the company's operation remains at a high level throughout the year.

During the reporting period, the company's sales collection was good, with a collection rate of 96.01%, an increase of 2.99 percentage points over the same period of last year, of which the cash received in the fourth quarter was 20.5 billion yuan, with a collection rate of 103.14%.

At the same time, the company attaches great importance to business quality and risk control, adheres to value sales, and the overdue rate of payment of the company's main product divisions is controlled at a historically low level, and the overall value overdue rate is less than 1%.

In addition, by strengthening the scientific management and classification management of inventory, the company's operational efficiency continued to improve, with the inventory turnover rate of 4.18 times, which remained at a high level, and the turnover days of accounts receivable decreased to 71 days.

Promote digital transformation and make positive progress

In 2021, the company also insisted on taking digitalization as its first major strategy and actively promoted digital and intelligent transformation.

During the reporting period, the company vigorously promoted the construction of "lighthouse factory". The construction of 22 lighthouse factories was promoted throughout the year, and a total of 14 factories were completed and put into production, with the production capacity increased by 70%, the manufacturing cycle shortened by 50%, and the overall automation rate of the process was greatly improved. Among them, Sany Beijing Pile Driver Factory was selected into the new list of lighthouse factories in the global manufacturing industry released by the World Economic Forum, becoming the first certified lighthouse factory in the global heavy industry industry.

In terms of industrial Internet construction, the company actively promotes the management of "three presents and four tables" and the in-depth application of data, and carries out research and development in the direction of data collection, 5G network, energy management, efficiency management, cost saving, and fault prediction.

At the same time, the company vigorously promotes the development and application of industrial software, strengthens the independent research and development capabilities of industrial software, independently develops a variety of software in R&D, planning, business, manufacturing, logistics, etc., and promotes intelligent manufacturing, smart operation, smart supply chain, and R&D digitalization.

The company also actively promotes data management and application, builds a Sany data middle platform, establishes a unified data lake and data warehouse, and builds complete data assets. Set up a professional big data team to continue data mining and product application.

The development of smart products and technologies is also accelerating. In 2021, the company will focus on the three intelligent fields of predictive maintenance, C-end interconnection and unmanned driving, launch a variety of intelligent products, achieve L3 level of predictive maintenance of 50,000 excavators, and access more than 700,000 construction machinery and equipment to big data management platforms such as "Pump Recitation Cloud and Yiweixun".

Leading the electrification of the industry and achieving market breakthroughs

In 2021, the company comprehensively promoted the electrification of host products and the development of related core technologies, comprehensively started the transformation of electrification, and led the trend of electrification in the industry.

The company has established a new energy technology committee to manage new energy technology development planning, patent layout, forward-looking technology research and new technology industry incubation. At the same time, each business unit has set up a dedicated electrification research team and subsidiaries to focus on electrification business.

In the field of electrification core components and technologies, the company has developed 24 electrification technology projects, including electric drive control strategy, power battery technology, high-voltage safety research, and multi-motor collaborative control, through independent development and foreign strategic cooperation, in five major directions, including battery cells, electric drive axle technology, VCU centralized control platform, charging and swapping station, fuel cell system and control technology, to seize the first-mover advantage in the electrification track.

During the reporting period, the company completed the development of 34 electric products and listed 20 electric products, including 8 electrified engineering vehicles such as 4 pure electric mixer trucks and 4 pure electric dump trucks, 4 electric excavators, etc., covering three major technical routes of pure electric, battery swapping and hydrogen fuel.

In terms of market sales, in 2021, the company's sales of electrified engineering vehicles exceeded 1,000 units, with sales of nearly 1 billion yuan, ranking first in the industry in terms of market share, among which electric mixer trucks, electric dump trucks, and electric cranes won the annual sales champion.

Promote the internationalization strategy and achieve rapid sales growth

In 2021, the company firmly promoted the internationalization strategy, implemented the business strategy of "self-oriented, local operation, and service first", and made positive progress in internationalization, achieving international sales revenue of 24.846 billion yuan, a year-on-year increase of 76.16%, and the proportion of international revenue in operating income increased by 9.2 percentage points year-on-year.

Regionally, in 2021, the company doubled its growth in more than 50 countries, including 93.5% in Asia and Australia, 42% in Europe, 108.1% in the Americas, and 118% in Africa.

From the perspective of products, the overseas sales of the company's main products have achieved rapid growth. Among them, the overseas market share of excavators exceeded 6%, and the market share and sales volume in developed countries increased significantly; Overseas sales of concrete pump trucks, cranes and pile drivers increased by 24%, 137% and 121% respectively.

In addition, great progress has been made in the construction of overseas market channels, overseas new product research and development, service capacity building, agent system construction, service parts system construction and digital work.

R&D and innovation have achieved remarkable results

In 2021, the company's R&D expenses will be 6.509 billion yuan, an increase of 1.517 billion yuan or 30.4% over the previous year, which has strongly promoted the company's "two new and three modernizations" strategy.

By the end of 2021, Sany had 7,231 R&D personnel, an increase of 35% over the end of 2020.

In terms of testing and trial production capabilities, the company has established nine basic laboratories to strengthen the trial production and development capabilities of new products, and the company's product research and development speed has been steadily improved.

The company also actively promotes the digitalization of R&D, promotes the scenario-based application of PLM for full life cycle management, launches a trial production management platform, builds a digital design platform, and implements digital simulation and digital twin applications.

As of the end of 2021, the company has applied for a total of 13,140 patents, authorized 9,124 patents, ranking first in the domestic industry, successfully launched 186 new products such as the world's largest 4,500-ton crawler crane and SY650 excavator, and made breakthroughs in 219 key technologies, with the best quantity and quality of scientific and technological achievements in history.

In 2022, Sany will continue to vigorously promote the "two new and three modernizations", promote digital transformation, electrification strategy, internationalization strategy, strengthen R&D and innovation, do a good job in talent introduction and training, strengthen business risk control and supply chain construction, seize historical opportunities, and promote the company's high-quality development.