Sany Heavy Industry (600031.SH) has released a recent sales announcement, and the company's mini-excavator products have achieved continuous growth for 6 months this year...
Intelligent Finance APP News, Sany Heavy Industry (600031.SH) has released a recent sales announcement, and the company's mini-excavator products have achieved continuous growth for 6 months, with the growth rate increasing month by month. Large-sized excavator products have also stabilized and rebounded. In August 2024, domestic mini-excavator sales increased by 51% year-on-year, medium-sized excavators increased by 44%, and large excavators remained stable. Non-excavator products such as concrete machinery and lifting machinery have narrowed their decline. In August 2024, overseas mini-excavator sales increased by 16% year-on-year, medium-sized excavators increased by 32%, and large-sized excavators increased by 63%. Non-excavator products such as concrete machinery and lifting machinery continued to maintain high growth rate in the first half of the year.
From January to August 2024, the company's sales in Africa reached 3.5 billion yuan, an increase of over 60% year-on-year. Since entering Africa in 2002, the company has sold equipment worth over 20 billion yuan in Africa, with a total of more than 23,000 units, ranking first among Chinese construction machinery companies exporting products to Africa. So far, the company has provided sales services in 52 countries and regions in Africa (there are 61 countries and regions in Africa). It has set up 4 national regions, 14 subsidiaries, 8 agents, and 50 service outlets in Africa, with a localization rate of over 60%.
Looking ahead, the company will further expand its market in Africa, deepen comprehensive cooperation with African partners in intelligent manufacturing, infrastructure construction, new energy and other fields, and create greater value for customers, making greater contributions to Africa's industrialization and modernization process.