Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China heavy equipment maker Sany expects profit surge in H1

July 18, 2019


Abstract : China's leading heavy equipment manufacturer Sany Heavy Industry Co., Ltd. forecasted significant profit growth in the first half of 2019.

SHANGHAI, July 17 (Xinhua) -- China's leading heavy equipment manufacturer Sany Heavy Industry Co., Ltd. forecasted significant profit growth in the first half of 2019.

In a filing to the Shanghai Stock Exchange, Sany expected its net profit attributable to its shareholders to reach at least 6.5 billion yuan (944 million U.S. dollars) in the January-June period.

Sany said its profit was predicted to surge by 91.82 percent year on year, as factors including increased infrastructure construction, environmental protection and a shift from labor to machinery drove up sales.

The company also attributed the robust H1 performance to a larger market share of its excavators, concrete machinery and cranes, especially in the overseas market.

Shares of Sany closed 2.13 percent higher at 13.44 yuan on Wednesday.

Scan the QR code and push it to your mobile phone

Keyword: Sany profit listed company

Reading:

China's Baoti estimates net profit up 223.53 pct on-yr in H1

Economic Watch: Performance of listed firms reveals China's improving economic structure

China approves two IPOs on sci-tech innovation board

Kweichow Moutai's net profit surges 26.2 pct in H1

CITIC Securities reports rising net profit in H1

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial