Recently, the authoritative financial data organization Choice released the latest “Top 500 Listed Companies in China”. SANY Heavy Industry ranked 104th with a total value of 109.5 billion RMB, topping the list in China’s construction machinery industry, and far exceeds the combined value of the second and the third player in the industry.
According to the Choice, by of the end of June, the total market value of the Top 500 listed companies in China was about 57.9 trillion RMB. 116 companies’ market value is more than 100 billion RMB. SANY Heavy Industry is the only listed company with a market value of over 100 billion RMB in the field of construction machinery, 40 rankings increased by comparison of 2018.
In addition, the Wind Consulting also released the latest “Top 500 Listed Companies in China”, SANY Heavy Industry ranks 101th and takes the first place in the construction machinery field as well.
Robust growth performance is the main reason for SANY rapid rise in market value. In the first quarter of this year, SANY Heavy Industry’s sales revenue was 21.29 billion RMB, a year-on-year growth of 75.1%; net profit was 3.22 billion RMB, yearly growth of 114.7%; operating profit was 3.87 billion RMB, a year-on-year growth of 47.5%.