Global EditionASIA 中文双语Français
Home / Business / Companies

China heavy equipment maker Sany profit surges 192% in 2018

Xinhua | Updated: 2019-04-01 16:32
Share - WeChat
Employees assemble a truck at Sany Heavy Industry Co Ltd's factory in Changsha, Hunan province. [Photo/Agencies]

SHANGHAI - China's leading heavy equipment manufacturer Sany Heavy Industry Co Ltd posted a 192.3 percent jump in net profit for 2018 on rises in sales and profit margins.

Net profit attributable to its shareholders totaled 6.12 billion yuan ($912 million), Sany said in its annual report filed to the Shanghai Stock Exchange.

During the year, Sany raked in a revenue of 55.8 billion yuan, up 45.6 percent year-on-year.

Sales of excavators rose 40.8 percent year-on-year to 19.2 billion yuan in 2018, helping it retain the spot of top seller on the domestic market for the 8th consecutive year.

Sales of concrete machinery and cranes jumped 34.6 percent and 78.3 perent to 17 billion yuan and 9.3 billion yuan, respectively.

Sales from the overseas market rose 17.3 percent to 13.6 billion yuan, it said.

Gross profit margin of its products rose by 1 percentage point to 31.1 percent, Sany said.

Shares of Sany closed 1.33 percent higher at 12.95 yuan on Monday.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349