Sany International's performance in 2019: net profit increased by 52.8% year on year to RMB 920 million

On the evening of March 30, Sany International released its performance in 2019. As of December 31, 2019, the company has achieved sales revenue of about 5.66 billion yuan (the same unit below), a year-on-year growth of about 28.1%; pre tax profit margin of about 18.9%, an increase of about 2.5 percentage points compared with the same period last year; net profit of about 920 million yuan, a year-on-year growth of 52.8%; operating cash flow of 800 million yuan, a year-on-year growth of 185.7%.

During the reporting period, the company's sales revenue increased significantly compared with the same period of last year, which is mainly due to the transformation of the company's mining equipment products to intelligent, unmanned and large-scale in 2019, and the sales volume of the products in domestic and foreign markets increased significantly; the company launched new wide body Vehicle products, which opened the domestic and foreign markets by virtue of its excellent performance, and continued to drive the group's mining Vehicle revenue to increase significantly, including large-scale Vehicles The domestic sales of port machinery such as quayside bridge and field bridge have achieved significant growth; the accumulated sales revenue of new products such as heavy forklift, material grabber and electric Truck collector has increased significantly; the company has made remarkable achievements in international market development in 2019, which has also positively boosted the company's sales performance.

At the same time of the substantial increase in sales revenue, the company also strives to increase operating efficiency while controlling costs by continuously strengthening internal management. During the reporting period, the company's management expense rate decreased by 1.1 percentage points to 4.6%, the turnover days of accounts receivable decreased by 17.9 days to 231.5 days, and the turnover days of inventory decreased by 51.4 days to 153.6 days. As of December 31, 2019, the R & D investment of the company was 380 million yuan, a year-on-year increase of 59.2%. During the reporting period, the R & D achievements of the company were significant, the R & D of mine equipment intelligent technology continued to accelerate, new logistics equipment broke through new domestic and foreign markets, and the competitiveness continued to improve.

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