SANY International, a subsidiary company of SANY Group, recently released an unaudited financial report. According to the report, the company’s comprehensive revenue reached 997 million Yuan in the first quarter, a year-on-year growth of 96.5 per cent; the shareholders’ net profit was 172 million Yuan, an increase of 139.9 per cent over the same period of last year, accounting for 75 per cent of the whole year 2017’s level. The net profit rate raised 3.12 percentage points to 17.25 per cent, which shows that SANY International gets rapid development.
Influenced by the national policies over the past years, mining industry had a vigorous recovery, generating a large quantity of market demands. Additionally, driven by the recovery of global shipping business and the ‘Belt and Road Initiative’, the company is actively expanding the international market of port machinery. In the first quarter, the sales amount of its mining machinery products and port machinery products gained a great growth.
From January to March, the SANY’s sales revenue of coal machines increased by more than 100 per cent over the same period last year; the shipment quantity got a more than 50 per cent growth