A historic leap forward in globalization! Sany Heavy Industry released its 2023 semi-annual report



On August 30, Sany Heavy Industry announced its 2023 semi-annual report.

During the reporting period, the company achieved operating income of 39.496 billion yuan, a year-on-year decrease of 0.38%; net profit attributable to shareholders of listed companies was 3.4 billion yuan, a year-on-year increase of 29.07%; Net cash flow from operating activities was $402 million. Among them, the operating income in the second quarter was 21.709 billion yuan, a year-on-year increase of 10.93%; net profit attributable to shareholders of listed companies was 1.888 billion yuan, a year-on-year increase of 80.81%.

In the face of a complex and changeable business environment, Sany adheres to the principle of high-quality development, promotes the three strategies of globalization, digital intelligence and low-carbonization, strengthens R&D and innovation, and promotes the transformation of manufacturing platforms.

Globalization is advancing at a rapid pace

In the first half of 2023, the company implemented the business strategy of "focusing on me, local operation, and service first", improved its international competitiveness as a whole, achieved rapid growth in overseas markets, and achieved international sales revenue of 22.466 billion yuan, a significant increase of 35.87% year-on-year.

During the reporting period, international revenue accounted for 56.88% of operating income, and most of the company's revenue and profits came from the international market, achieving a historic leap. With the change of global business composition, the company's "internationalization" strategy has been upgraded to "globalization" strategy.

In the first half of 2023, the company will carry out R&D work on the European and American markets, expand the coverage capacity of the main sales spectrum, and complete the listing of 22 new products in Europe and the United States.

In terms of regions, the company's overseas product sales have covered more than 180 countries and regions, and Europe and the United States are the fastest growing overseas regions. The sales revenue of each region is as follows: 8.938 billion yuan in Asia and Australia, an increase of 22.07%; 8.182 billion yuan in the European region, an increase of 71.56%; the Americas region was 3.958 billion yuan, an increase of 22.65%; and 1.388 billion yuan in Africa, an increase of 14.14%.

In terms of products, the overseas sales of the company's main products have achieved rapid growth, with excavation machinery of 9.957 billion yuan, a year-on-year increase of 31.79%; concrete machinery 4.508 billion yuan, a year-on-year increase of 13.74%; lifting machinery was 3.763 billion yuan, a year-on-year increase of 57.68%; road machinery and other products were 4.238 billion yuan, a year-on-year increase of 61.2%.

Actively promote digital and intelligent transformation

In the first half of 2023, the company will vigorously promote the global manufacturing layout, promote domestic intelligent manufacturing technology to overseas manufacturing, and transform the manufacturing platform to improve the sharing and collaboration of manufacturing resources.

At present, three overseas intelligent manufacturing factories in Indonesia, India and the United States have been put into operation, and overseas lighthouse factories have copied and promoted more than 100 domestic advanced manufacturing technologies such as automatic sorting, robot welding, machining one-click clamping, automatic spraying, automatic tightening, and unmanned distribution, and realized online production management through digital systems such as MOM, WMS, APS, and digital twins. The construction of intelligent manufacturing plants in Indonesia, India and South Africa has started, and overseas manufacturing capacity will be further improved.

In terms of manufacturing platforms, during the reporting period, the company established three major manufacturing platforms, namely heavy machinery, pump circuits and heavy lifts, and realized comprehensive manufacturing resource sharing and collaboration, formed an intensive effect, and greatly improved the ability to reduce costs and control costs, inventory turnover and delivery scheduling through platform applications such as large supply chain platform, cross-domain sharing of manufacturing personnel, flexible adjustment of production capacity, centralized distributed blanking, and integration and collaboration of manufacturing software.

In addition, the company continues to promote the self-development of manufacturing software and the construction of industrial Internet, and continues to strive to create absolutely leading intelligent products and technologies.

Leading the way in electrification

Product electrification is one of the important directions of low-carbonization, and the company comprehensively promotes the development of product electrification and core technology research, and is committed to creating high-quality, low-power, high-experience electrification products, leading the trend of electrification in the industry.

In the first half of 2023, the company completed the development of more than 50 electric products, launched more than 40 electrified products, and launched the world's first fully electronically controlled rotary digging product, the world's first SCE800TB-EV pure electric telescopic crawler crane, and the first hydrogen mixer truck equipped with a self-developed fuel cell system.

In terms of core technologies, in the first half of 2023, the company has conquered more than 20 key electrification technologies and obtained more than 800 electrification patents, providing strong technical support for seizing the first-mover advantage on the track.

In the first half of 2023, the company's electrified products will grow against the trend, the electrified product categories will be richer and maintain its leading position in the market, and electric excavators and electric pump trucks will begin to be sold in batches. The sales market share of electric mixer trucks, electric dump trucks, electric cranes and electric pump trucks ranks first in the industry.

R&D and innovation have achieved remarkable results

In the first half of 2023, the company invested 2.875 billion yuan in R&D to maintain a high level of R&D investment around the new "three modernizations" strategy of "globalization, digital intelligence, and low-carbonization".

In terms of patents, in the first half of 2023, 1,639 domestic patents were applied for, and 1,709 patents were authorized; At present, a total of 17,442 patents have been applied for, and 12,614 patents have been authorized. At the same time, it has increased the layout of overseas patents, covering major overseas markets such as Europe, America and Asia.

In terms of R&D capabilities, the Company strengthened its basic capabilities, including strengthening its electrification and intelligent testing capabilities, and invested in the construction of eight trial production centers to continuously improve the level of R&D digital intelligence.

In terms of product research and development, in 2023, the company will launch the world's first fully electronically controlled rotary digging product, a new generation of 710S pump trucks with the longest boom, the world's first SCE800TB-EV pure electric telescopic crawler crane, and the world's largest tonnage of 200 tonsTruck cranesThere are more than 130 new products such as the first hydrogen mixer truck equipped with a self-developed fuel cell system, and more than 200 key technologies have been broken through.

In the future, Sany will unswervingly implement the strategy of "globalization, digital intelligence, and low-carbonization", strengthen R&D and innovation, and promote the company's high-quality development.