Sany international sales revenue up 35.87%
Equipment

Sany international sales revenue up 35.87%

Leading global heavy machinery manufacturer SANY Heavy Industry (SANY) reported its H1 2023 financial results on August 30. Its operating revenue is down by 0.38% to 39.496 billion yuan ($5.44 billion), while the net profit attributable to shareholders of listed companies increased by 29.07% to 3.4 billion yuan ($468.3 million). The net cash flow from business activities was 402 million yuan ($55.37 million).

In Q2 2023, SANY's operating income was 21.709 billion yuan (US$ 2.99 billion), a 10.93% increase year-on-year; the net profit attributable to shareholders of listed companies reached 1.888 billion yuan (US$ 260 million), up 80.81% year-on-year.

SANY has enhanced its international competitiveness and achieved a historic leap of performance growth – the international sales revenue in H1 2023 amounted to 22.466 billion yuan (US$ 3.09 billion), a sharp increase of 35.87% year-on-year accounting for 56.88% of total operating revenue.

As SANY continues to evolve its global business composition, the company is expanding the scope of its globalisation strategy. SANY now operates in over 180 countries and regions, with Europe and North America showing the fastest growth.

Leading global heavy machinery manufacturer SANY Heavy Industry (SANY) reported its H1 2023 financial results on August 30. Its operating revenue is down by 0.38% to 39.496 billion yuan ($5.44 billion), while the net profit attributable to shareholders of listed companies increased by 29.07% to 3.4 billion yuan ($468.3 million). The net cash flow from business activities was 402 million yuan ($55.37 million).In Q2 2023, SANY's operating income was 21.709 billion yuan (US$ 2.99 billion), a 10.93% increase year-on-year; the net profit attributable to shareholders of listed companies reached 1.888 billion yuan (US$ 260 million), up 80.81% year-on-year.SANY has enhanced its international competitiveness and achieved a historic leap of performance growth – the international sales revenue in H1 2023 amounted to 22.466 billion yuan (US$ 3.09 billion), a sharp increase of 35.87% year-on-year accounting for 56.88% of total operating revenue.As SANY continues to evolve its global business composition, the company is expanding the scope of its globalisation strategy. SANY now operates in over 180 countries and regions, with Europe and North America showing the fastest growth.

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000