150 billion! The total market value of Sany Heavy Industry hit a record high

At 9:45 a.m., Sany Heavy Industry's share price exceeded 17.88 yuan intraday, and the total market value of A-shares exceeded 150 billion yuan, setting a record high.

According to the data, from the opening of the market on January 1, 2019 to the close of trading on December 31, 2019, the share price of Sany Heavy Industry rose from 8.31 yuan to 17.05 yuan, with a cumulative increase of 105.17%, outperforming the average increase in the industry and the rise of the three major indexes.

On January 1, Wind* newly released the "Top 500 Listed Companies in China by Market Capitalization", and Sany Heavy Industry ranked 84th among the world's listed Chinese companies, among the top 100 companies, and is the highest-ranked construction machinery company.

As of 10:04, the share price of Sany Heavy Industry rose to 17.94 yuan, and the total market value reached 151.1 billion yuan, exceeding the peak in 2011.

It is reported that Sany Heavy Industry is also a listed company with a total market value of more than 100 billion yuan in the domestic industry.

Due to its outstanding performance, Sany Heavy Industry was also transferred to the SSE 50 sample stocks, becoming one of the 50 representative sample stocks in the Shanghai securities market.

The excellent business performance and operation quality, the improvement of the company's competitiveness, the promotion of digitalization and internationalization strategy, and the market's confidence in the long-term development of China's construction machinery industry are the main reasons for the strong rise in the total market value of Sany Heavy Industry.

In 2019, digitalization and internationalization boosted high-quality development, Sany's sales revenue and net profit rose to the third in the industry in the world, the company's cash flow and profitability were the best in history, and the annual per capita output value exceeded 4 million/year, entering the world's first-class ranks.

Among them, Sany excavators sold more than 60,000 units throughout the year, a record high, and the domestic market became the sales leader for the 9th consecutive year, with a total global sales volume of 250,000 units, standing among the top three in the industry.

On November 22, the "Japan Economic News" reported that China's Sany Heavy Industry ranked among the top three construction machinery in the world, which was highly anticipated by investors, and the total market value of the stock price increased sharply.

The growth of enterprises is strong, and their future performance is generally optimistic about the future performance of institutions. According to Sina Finance statistics, within 60 days, a total of about 40 research reports issued Sany Heavy Industry ratings, all of which were given "buy" or "overweight" and other optimistic ratings.