Sany Heavy Industry Co., Ltd.

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See more articles on Sany Heavy Industry Co., Ltd.

Company Background

Sany Heavy Industry is a major Chinese construction equipment maker based in Changsha, Hunan Province. It has the one of the world's top share in heavy equipment including road rollers and concrete pumps. The company is listed on the Shanghai Stock Exchange.

The company has large plants in five Chinese cities, including Shanghai and Beijing. It also has research and development centers and production bases in the U.S., Germany and India. Reinvesting 5-7% of total sales to research and development each year, the company developed a very large concrete pump truck with an 86-meter-long arm.

Sany Heavy Industry began as a welding material plant established by the current Chairman Liang Wengen and others in 1989. The company entered the construction equipment business in 1994 by domestically producing concrete pumps. In 2012, the company acquired major German concrete pump maker Putzmeister Holding as part of its efforts to expand overseas operations.

Business Summary

Sany Heavy Industry Co., Ltd. engages in the manufacturing and selling of construction engineering machineries, heavy lifting machineries, parking warehouse, common equipment, mechanical and electrical equipment products. It also engages in the R&D and distribution of engineering machinery types such as construction machinery, road construction machinery, and hoisting machinery. Its products include the concrete pump, truck mounted concrete pump, concrete batching plant, asphalt batching plant, roller, asphalt paver, motor grader, truck crane, crawler crane, of which the market shares of truck mounted concrete pump, concrete pump, and full hydraulic roller stand and the production of pump truck stand. The company was founded by Tang Xiu Guo on November 22, 1994 and is headquartered in Changsha, China.

Financial Highlights

Dec 2018	CNY	USD
Revenue	55,495.14M	8,386.73M
Gross Profit	16,025.05M	2,421.79M
Operating income	7,568.94M	1,143.86M
Income before tax	7,421.97M	1,121.65M
Net income	6,116.28M	924.32M
EBITDA	9,497.76M	1,435.35M
Diluted EPS	0.74	0.11
Dividends Per Share	0.26	0.03
Total Assets	75,030.78M	10,928.35M
Total liabilities	42,623.35M	6,208.15M
Total equity	31,115.90M	4,532.08M
Operating cash flow	11,032.93M	1,667.35M
	Currency in CNY	Currency in USD

Historical Data

CNY | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	30,181.57M	23,349.18M	23,060.51M	38,055.86M	55,495.14M
Gross Profit	7,160.51M	5,095.97M	5,268.30M	10,757.05M	16,025.05M
Operating income	1,865.62M	1,429.17M	659.79M	3,768.24M	7,568.94M
Income before tax	961.91M	-91.30M	9.49M	2,766.60M	7,421.97M
Net income	709.20M	4.96M	203.45M	2,092.25M	6,116.28M
EBITDA	3,595.85M	3,329.46M	2,757.53M	5,681.69M	9,497.76M
Diluted EPS	0.09	0.00	0.02	0.26	0.74
Dividends Per Share	0.04	0.01	0.01	0.18	0.26
Total Assets	63,009.44M	63,314.45M	62,355.28M	59,297.28M	75,030.78M
Total liabilities	38,164.53M	38,726.08M	39,180.11M	33,089.09M	42,623.35M
Total equity	23,785.43M	23,439.29M	22,312.80M	25,102.26M	31,115.90M
Operating cash flow	1,939.14M	2,780.53M	3,469.15M	9,014.83M	11,032.93M

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	4,898.25M	3,714.99M	3,471.10M	5,631.04M	8,386.73M
Gross Profit	1,162.10M	810.79M	792.99M	1,591.69M	2,421.79M
Operating income	302.77M	227.38M	99.31M	557.57M	1,143.86M
Income before tax	156.11M	-14.52M	1.42M	409.36M	1,121.65M
Net income	115.09M	0.78M	30.62M	309.58M	924.32M
EBITDA	583.58M	529.73M	415.06M	840.70M	1,435.35M
Diluted EPS	0.01	0.00	0.00	0.03	0.11
Dividends Per Share	0.00	0.00	0.00	0.02	0.03
Total Assets	10,156.26M	9,750.28M	8,972.62M	9,105.84M	10,928.35M
Total liabilities	6,151.60M	5,963.73M	5,637.83M	5,081.24M	6,208.15M
Total equity	3,833.88M	3,609.59M	3,210.70M	3,854.77M	4,532.08M
Operating cash flow	314.70M	442.40M	522.18M	1,333.90M	1,667.35M

Valuation Measures

Dec 2018
PER	10.54
ROA	9.10%
ROE	21.75%
Operating margin	13.63%
Profit margin	11.02%

Key executives

Vice Chairman, President & General Manager: Wen Bo Xiang
Chief Financial Officer: Hua Liu
Director & Senior Vice President: Xiao Gang Yi
Vice President: Tarek Amri
Group Accounting Manager: Ellyn Shenglin Cai

Shareholders

LIANG WEN GEN (34.4%)
China Securities Finance Corp. Ltd. (2.7%)
China Asset Management Co., Ltd. (1.4%)
Taikang Asset Management Co., Ltd. (0.9%)
China Investment Corp. (Investment Management) (0.9%)
China International Capital Corp. Ltd. (Invt Management) (0.8%)
Guotai Asset Management Co., Ltd. (0.8%)
Fullgoal Fund Management Co., Ltd. (0.7%)
Aegon-Industrial Fund Management Co., Ltd. (0.6%)
GF Fund Management Co., Ltd. (0.5%)

Contact Details

Website:http://www.sanyhi.com
Address: SANY Industrial Park, No.8 Beiqing Road, Huilongguan Town, Beijing, 102206, China
Phone: +86.10.60738888

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Competitors

Hyundai Construction Equipment Co., Ltd.
BAUER AG
Caterpillar Inc.
Terex Corporation
Inner Mongolia North Hauler Joint Stock Co., Ltd Class A
Cargotec Oyj Class B
Ferreycorp SA

Last Updated on 6 Dec, 2019