2023.03.21
Sany Group

After the market on March 20, Sany International (00631.HK), a leading domestic mining equipment and logistics equipment manufacturer, announced its 2022 annual results.
According to the announcement, as of December 31, 2022, the company achieved operating income of 15.54 billion yuan, an increase of 52.4%; net profit attributable to the parent company was 1.66 billion yuan, an increase of 32.2%. Excluding the impact of the one-time gain of 150 million yuan from the sale of the Xinjiang subsidiary in 2021, the growth rate of net profit attributable to the parent company reached 50.2%.

According to the results announcement, during the reporting period, the company's internationalization, digital intelligence, and electrification strategies have achieved outstanding results, with significant growth in operating performance and continuous improvement in operating quality.
In terms of internationalization, the company's overseas sales grew rapidly, with revenue of 4.22 billion yuan, an increase of 101.5%. Among them, the roadheader entered a number of large overseas customers, and the revenue increased by 247.6%; Wide-body vehicles made a major breakthrough overseas, with an increase of 135.9%, and overseas sales reached the first place in the industry for the first time. Dagang has in-depth cooperation with several large port operators around the world and signed new large orders; Xiaogang Machinery electric products have broken through the four major overseas customers, and the market share has reached the first in the industry. In addition, the robot sector has successfully entered the overseas market, and the complete set of intelligent production lines for lithium battery dismantling has been exported to Singapore.

In terms of digital intelligence, R&D has achieved remarkable results, and a number of intelligent products have become industry benchmarks. Among them, the sales volume of intelligent roadheader products doubled, continuing to lead the industry; The intelligent shearer has achieved full-type spectrum coverage, with a cumulative sales of more than 100 units; The unmanned mining truck has operated more than 300,000 kilometers in total, with a comprehensive operation efficiency of 88%; Signed an order of nearly 1 billion yuan for automated rail cranes in Yantian Port; The robot sector released the industry's first new energy intelligent warehousing and logistics solution.

In terms of electrification, the company has accelerated the launch of its products and is leading the electrification track in an all-round way. Among them: electric wheel SET150S broke through overseas major customers, and a total of 65 orders were signed; The wide-body vehicle with integrated charging and swapping entered the customer trial; The world's first small port machine battery swapping product was put into use at Beibu Gulf Terminal, which greatly reduced energy consumption;Electric reach stacker, electric stacker, electric container truck has occupied an absolute market position, the cumulative sales of more than 500 units.
According to the company's results announcement, the company's board of directors intends to pay a final dividend of HK$0.19 per share.

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