The hottest Sany Northwest Company achieved rare c

Sany Northwest Company achieved a rare "contrarian growth" in Xinjiang

Sany Northwest Company achieved a rare "contrarian growth" in Xinjiang

China Construction machinery information

this article is excerpted from: [Xinjiang these five years] Xinjiang investors: gold from difficulties

20% left to right growth, which seems to be not prominent, but in the current Chinese construction machinery industry, it is a rare "contrarian"; According to the first quarter report of 2014, the revenue of Sany Heavy Industry and Zoomlion fell by about 10%

Li Jianhua, chairman of Sany northwest Heavy Industry Co., Ltd. (hereinafter referred to as Sany Northwest Company), was also asked from time to time whether it was "safe or not" in Xinjiang

"now, as soon as there is an accident in (Xinjiang), many people call - family members and mainland friends, all asking me if it's okay. I said, it's good to be able to connect with new steel materials. They asked how Xinjiang is, is it safe? I said, if you come, I'll be responsible for the problem." Li Jianhua usually answers in this way

due to the optimistic market in Xinjiang and Northwest China, a few months after the 2010 Central Xinjiang work symposium, Sany Heavy Industry Co., Ltd () appointed Li Jianhua to Xinjiang to prepare for the establishment of a wholly-owned subsidiary due to the gathering of universities in some parts of Asia. It was officially put into production on December 30, 2012, and it took "ten months in fact" to dig out the middle two cold winters that were difficult to construct

Sany's main competitor, the other two top Chinese construction machinery companies, Zoomlion Heavy Industry Co., Ltd. (hereinafter referred to as Zoomlion), and XCMG Machinery Co., Ltd. (hereinafter referred to as XCMG machinery) have no production base in Xinjiang

this makes Sany's products reach about 60% of the market share in Xinjiang when it was the largest, and about 50% at present. As for sales, "last year, there were 1.67 billion yuan, and in the first half of this year, there were more than 1.2 billion yuan. It is expected that the annual profit can be more than 2 billion yuan, and the profit can also reach about 100million yuan. Last year, the profit and loss were basically flat." Li Jianhua said

20% growth seems not prominent, but in the current Chinese construction machinery industry, it is indeed a rare "counter trend". As of August 27, 2014, none of China's top three construction machinery companies has released this year's semi annual report. According to the first quarter report, the operating revenue of Sany Heavy Industry decreased by 10.2%, and the net profit decreased by 47.39%; Zoomlion's revenue decreased by 10.01%, and its net profit decreased by 33.12%; Although the revenue of XCMG machinery increased by 3.66%, its net profit fell by 8.17%

Li Jianhua said that the whole construction machinery industry has indeed been in a recession in the past two years, "but excluding the northwest region, including Xinjiang - because the fixed asset investment has still increased rapidly in recent years, including the Central Asian market."

Sany northwest currently accounts for a small proportion of the whole company. In 2013, the annual revenue of Sany Heavy Industry was 37.3 billion yuan, of which Sany northwest contributed more than 4%. However, Sany Heavy Industry has launched a larger investment plan in Xinjiang, that is, to enter the field of coal chemical industry and coal chemical equipment production. "A vaporizer imported from Germany has to sell 800 million or 1 billion, which is a high profit market."