On August 28, Sany Heavy Industry announced the 2020 semi-annual report. In the first half of this year, the company set the best operating performance since its establishment, writing a brilliant "super-compensation rebound" effect.

During the reporting period, the company achieved operating income of 49.188 billion yuan, a year-on-year increase of 13.37%; net profit attributable to shareholders of listed companies was 8.468 billion yuan, a year-on-year increase of 25.48%; net cash flow from operating activities was 8.548 billion yuan, a year-on-year increase of 12.54% .

In the first half of 2020, the company's excavation machinery sales revenue was 18.649 billion yuan, a year-on-year increase of 17.22%. The domestic market won the sales champion for the 10th consecutive year, and its market share continued to increase; the sales revenue of concrete machinery was 13.506 billion yuan, a year-on-year increase of 4.51%, and it remained stable. The world's No. 1 brand; the sales revenue of crane machinery reached 9.427 billion yuan, an increase of 10.9% year-on-year, and the market share of truck cranes increased significantly.

Pile machinery sales revenue was 3.751 billion yuan, a year-on-year increase of 26.59%, and ranked first in China; road machinery sales revenue was 1.501 billion yuan, a year-on-year increase of 20.15%, and the market share of paver and road roller increased significantly.

The company's profitability has increased significantly. The net profit attributable to shareholders of listed companies is 8.468 billion yuan, an increase of 25.48% year-on-year. The company's net profit margin is 17.56%, an increase of 1.58 percentage points from the same period in 2019.

After the resumption of work and production, the company's sales and profits have grown strongly. In the second quarter, sales revenue was 31.921 billion yuan, a year-on-year increase of 44.5%, and the net profit attributable to shareholders of listed companies was 6.274 billion yuan, a year-on-year increase of 78%.

Risk control: During the reporting period, the company’s net cash flow from operating activities was 8.548 billion yuan, a year-on-year increase of 12.54%, setting a new record high, reflecting the company’s excellent asset quality and profit quality.

Asset quality: The turnover rate of accounts receivable continued to rise compared with the same period of the previous year, the overdue rate of payment continued to decline, and the overdue rate of new value sales was controlled at the lowest level in history and continued to decline.

Expense control: Expenses were effectively controlled and hit the best level in history. The period expense rate was 10.4%, a sharp drop of 1.36 percentage points from the same period in 2019.

Among them, the sales expense ratio fell by 1.76 percentage points over the same period; the management expense ratio fell by 0.28 percentage points over the same period; financial expenses were only 7.21 million yuan, a year-on-year decrease of 36%.

During the reporting period, the company actively promoted digital and intelligent transformation.

The company continues to promote the online equipment and energy management. On this basis, major domestic industrial parks have realized the visualization of production sites, which greatly improved the efficiency of production management. During the epidemic, the efficiency of epidemic prevention was greatly improved; vigorously promoted the "four modernizations" of operational business "It means standardization, digitization, automation, and intelligence; the company’s main factories are undergoing the transformation and construction of smart manufacturing lighthouse factories, which have greatly increased production capacity, greatly reduced personnel, greatly shortened production cycles, greatly improved efficiency, reduced costs, and enhanced product global competitiveness ; Vigorously promote product electrification and intelligence, promote data management and application, and Sany will become a data-driven company.

In the first half of 2020, through digital transformation, the company's operating capabilities have been greatly improved, and the company's per capita output value is at the leading level in the global construction machinery industry.

Affected by the global new crown epidemic, in the first half of 2020, international sales revenue will be 6.392 billion yuan, better than expected. The company takes advantage of its overseas business layout and seizes the opportunity of the "One Belt One Road", and it is still making positive progress in internationalization: the company's ability to react and service in overseas markets, market channel capabilities, agent system, service accessories system and other capabilities continue to improve; excavators The market share has increased, and the excavator share in major markets such as North America, Europe, India, Australia, and Southeast Asia has increased significantly. Some countries in Southeast Asia have achieved the first market share; overseas customer clouds are online, and some overseas subsidiaries ERP6.0, "mainframe +Accessories" CRM function was launched, and core business realized online management; digital and online marketing achieved good results, and took the lead in organizing online live broadcasts, online exhibitions, online order fairs, VR factory visits, and online communication to help overseas markets "Curve overtaking."

As of the first half of 2020, the company has applied for 9439 patents and authorized 7486 patents, ranking first in the domestic industry in the number of applications and authorizations.

During the reporting period, the company also launched super-large tonnage excavators SY870, SY980, and SY1250, achieving full coverage of products under 150 tons; launched the crawler crane SCC40000A, the world’s strongest lifting capacity, and the first domestic 6-bridge 450-ton all-terrain crane Cranes, five-bridge 67m pump truck and many other highly competitive innovative products.

In addition, the company has increased the research and development of intelligent products, and the unmanned road construction machine group has achieved breakthroughs and applications, and related technologies are at the industry leading level.

At present, the company is at the best time in its history. Sany continues to make every effort to promote digital and international transformation, and seize the two great opportunities of the Chinese Dream of the Great Rejuvenation of the Chinese Nation and the Fourth Industrial Revolution. Lose Shaohua" and strive to make Sany a world-class leading enterprise in the manufacturing industry. Editor/Sang Xiaomei