“Science and Technology Innovation Board Daily”, September 27 (Reporter Qiu Siyu) “The fan manufacturing sector is expected to achieve 'volume increase and price stability' in the second half of the year.” Zhou Likai, secretary of the board of directors of Sany Heavy Energy, told the “Science and Technology Innovation Board Daily” reporter at the 2024 semi-annual results briefing.

According to reports, in terms of “volume increase,” according to industry practice, the second half of the year, especially the fourth quarter, is the peak period for fan installation. Generally, the second half of the year accounts for about 60% to 70% of the installed volume, of which the fourth quarter accounts for about 40% to 50% of the whole year.

In the first half of this year, Sany Energy had an external sales capacity of 3.3 GW. “The company's delivery pace in the second half of the year is comparable to the industry, and shipments will maintain rapid growth compared to the first half of the year.”

In terms of “price stability,” Zhou Likai said that most of the deliveries in the second half of the year were projects that won the bid last year, and fan prices will remain stable. “Due to the sharp improvement in the 6MW gross margin of the main model this year, we will aim to increase the gross margin of the fan in the second half of the year compared to last year.”

The “Science and Technology Innovation Board Daily” reporter noticed that in the first half of this year, due to the small number of wind farms sold, revenue declined, and Sany Energy did not increase profits. During the reporting period, it achieved operating income of 5.28 billion yuan, an increase of 34.88% year on year; net profit to mother was 0.434 billion yuan, a year-on-year decrease of 46.92%.

In response, Zhou Likai told the “Science and Technology Innovation Board Daily” reporter at the performance conference that by the end of the first half of the year, the company's existing wind farm size had further increased compared to the beginning of the year, and the scale of the self-built wind farm currently under construction exceeded 2 GW. Due to the weather, the wind farm construction and transfer schedule was affected in the first half of this year. The company only announced the sale of one wind farm in February; wind farm construction will be accelerated in the second half of the year. Compared with the first half of the year, the company will speed up the pace of grid connection and transfer.

It is worth mentioning that overseas business is the focus of Sany Energy's layout.

“Overseas project orders are expected to maintain rapid growth this year, laying the foundation for batch delivery of overseas orders and rapid growth in overseas revenue in subsequent years.” Zhou Likai confessed at the performance conference: “Currently, overseas orders are mainly from neighboring Belt and Road countries. At the same time, there are many projects under discussion. It is expected that breakthroughs will be achieved in more countries in the future.”

According to reports, Sany Heavy Energy has set up subsidiaries in Brazil, the United Arab Emirates, the Philippines, South Africa, etc., and the company is speeding up overseas production capacity, promoting the expansion of production at the Indian plant, and preparing to build a factory in Kazakhstan. At present, it has completed the entry of many major customers in overseas markets and completed hoisting power generation for the first Indian project.