Machinery sector sees momentum

Strong infrastructure demand, enhanced capabilities boost companies' earnings

Major Chinese machinery equipment makers said their net income in the first six months may have doubled compared to the same period last year, taking advantage of strong infrastructure demand and the companies' enhanced capabilities.

Sany Heavy Industry Co Ltd, based in Changsha, Hunan province, predicted its net profit attributable to shareholders could reach between 6.5 billion yuan ($945 million) and 7 billion yuan, an increase of 92 percent to 107 percent from the same period last year.