The only one in the industry! Sany Heavy Industry was selected into the CSI A50 Index

On January 2, China Securities Index Co., Ltd. officially released the CSI A50 Index. The CSI A50 Index selects 50 securities with the largest market capitalization in various industries as index samples, with a relatively balanced industry distribution, a more comprehensive portrayal of the overall performance of the securities of representative leading listed companies in various industries, reflecting the achievements of China's economic development, and facilitating the allocation of domestic and foreign funds to A-share core assets.

Among them, Sany Heavy Industry (600031) was selected into the sample of CSI A50 Index, which is the only selected enterprise in the construction machinery industry, highlighting the important investment value of Sany Heavy Industry as the industry leader.

The CSI A50 Index sample has both large market capitalization attributes and industry representation. Wind statistics show that as of January 2, the total market value of the 50 constituent stocks of the index exceeded 13 trillion yuan, with an average market value of 270.084 billion yuan and a median market value of 158.646 billion yuan. At the same time, the index covers 11 CSI Tier 1 industries, 30 CSI Tier 2 industries and 50 CSI Tier 3 industries.

Nearly half of the companies ranked in the top 10% of the industry in terms of return on net assets in fiscal year 2022, and more than 80% of the samples had an ESG rating of A or above. Continue to advocate the concept of long-term investment and value investment.

It is reported that the index sample will be adjusted every six months, and the sample adjustment will be implemented on the next trading day on the second Friday of June and December each year.

As China's economy shifts from a high-speed growth stage to a high-quality development stage, and the driving force of economic development shifts from factor- and investment-driven to innovation-driven, the number and weight of new economy industries in the capital market have increased significantly, and a number of high-quality and large-capitalization new economy leading listed companies have emerged. The emergence of the CSI A50 Index is of great significance to the development of the A-share market, which is conducive to optimizing the resource allocation function of the stock market and boosting market confidence.

This selection reflects the capital market's recognition of the development potential of Sany Heavy Work as a leading company in the construction machinery industry. In the future, Sany will adhere to the strategic transformation of globalization, digital intelligence and low-carbonization, further win the favor of institutional investors, and help the high-quality development of the capital market.