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Sany builds on reform foundation for firm success in global markets

By Ren Xiaojin | China Daily | Updated: 2018-10-30 07:17

Achieving accolades and pioneering new initiatives are nothing new for Sany Heavy Industry Co, one of China's shining successes both at home and abroad.

So much so, that four decades after China launched reform and opening up, the machinery equipment maker looks set to add another feather to its cap with record-breaking growth in revenue and net profit for 2018.

Indications that the Changsha, Hunan province-based company was on the threshold of a huge success came after it said that its net profit for the first six months of this year was 3.389 billion yuan ($494 million), an increase of 192.09 percent over the same period a year ago. What was even more surprising was that the company had already achieved 161 percent of the total net profit it earned for 2017 during the first six months.

Sany builds on reform foundation for firm success in global markets

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