Strong and Sustainable Growth: Sany's Q1 Net Profit Increases by 45.3%.

Recently, Sany announced its Q1 2023 operating performance. During the reporting period, the company achieved operating revenue of CNY 5.438 billion, a YoY increase of 32.1%, comprehensive gross profit of CNY 1.33 billion, a YoY increase of 52.9%, net profit of CNY 0.647 billion, a YoY increase of 45.3%, and net profit attributable to shareholders of CNY 0.65 billion, a YoY increase of 46.4%.According to the performance announcement, Sany achieved significant increases in revenue, gross profit, net profit, and net profit attributable to shareholders in the first quarter, benefiting from the steady implementation of the company's strategies for digitization, electrification, and internationalization.

First, during the reporting period, the national policy-driven intelligent mine and intelligent port construction accelerated, and the company's product electrification and intelligent upgrade accelerated, thus driving the revenue of wide body vehicles, comprehensive mining and large port machines and other products to achieve significant growth;

Secondly, the company's internationalization strategy has yielded significant results, with substantial growth in international revenue for widebody vehicles, excavation machinery, and port machinery products, leading to a significant increase in the company's overseas sales revenue.Thirdly, the company has comprehensively implemented data-driven operations, continuously promoted quality and efficiency improvement, rigorously implemented cost reduction measures, and increased its overall product gross profit margin, resulting in a significant increase in profitability.Recently, several top securities firms including CMB International, CITIC Securities and CITIC Construction have given a "buy" rating to Sany. They are optimistic about Sany's long-term development prospects, and believe that the company will maintain sustained high performance growth.

Disclaimer: Some of the materials used in this article are sourced from the internet. If copyright issues arise, please contact us promptly.