Strong growth! Overseas gross profit margin of Sany Heavy Industry exceeded that of China for the first time.

2022，Sany Heavy Industry Accelerates Internationalization，Strong revenue growth in overseas markets、Rapid promotion of high-end market、The share of core products has increased significantly.，International competitiveness and brand awareness continue to improve。

Overseas gross profit margin exceeds domestic gross profit margin for the first time

The annual report shows，2022，Sany Heavy Industry's revenue in overseas markets is 365.700 million yuan，Year-on-year growth of 47.2%，Accounting for 45% of total revenue.7%，Year-on-year increase of 22.3 percentage points。Among，International sales revenue excluding Putzmeister 301.400 million yuan，Year-on-year growth of 58.5%。

Benefiting from the increase in overseas sales、Product mix improved，The interest rate of the company's overseas main business has steadily increased.，In 2022, the gross profit margin of Sany Heavy Industry in overseas markets reached 26..4%，Exceeding 24% of the domestic market for the first time%。Among，Gross profit margin for the second half of the year was 27 percent.97%。

Rapid breakthrough in high-end market

After many years of layout，The company's overseas sales have been growing year after year.，Achieve a significant change in the sales structure。The annual report shows，2022，Europe and the United States have become the fastest growing region of Sany overseas.。

Look at the regions，Among them, North America has the largest increase in revenue.，Its revenue in 2022 is 40.300 million yuan，Year-on-year growth of 85.8%。Followed by South America.，Revenue in 2022 is 30.700 million yuan，Year-on-year growth of 63.8%。

In terms of scale，Asia and Australia have the largest revenue scale，Revenue in 2022 is 148.500 million yuan，Year-on-year growth of 41.1%。Followed by the European region，Revenue in 2022:117.800 million yuan，Year-on-year growth of about 44%。

The share of core products has increased significantly.

2022，Three, a total of 79 products in line with international standards were launched.，European and American products cover more than 70%，Boosting the rapid growth of overseas sales。Excavating Machinery、Concrete Machinery、The sales volume of hoisting machinery in the overseas market was 180.800 million、75.400 million and 5.1 billion yuan，Year-on-year growth of 69%、6.1%And 24.6%。

According toAEMStatistics，Sany Excavator Overseas Market Share Exceeds 8%，The market share and sales volume of Excavators in all regions have increased rapidly.。In addition，Joint market share of dual brands of Concrete Pump Truck reaches 40%。

Based on customs statistics，Company Excavating Machinery、Hoisting machinery、The overseas export of Concrete Machinery products has remained the first.。

Brilliant performance of internationalization，The long-term growth ability of Sany's overseas market expansion is also favored by the market.。

Anxin Securities issued a research report that，The internationalization strategy of Sany Heavy Industry will be further deepened in 2023，Exports are expected to continue to grow to support its revenue growth in 2023.。Soochow Securities believes，Sany Heavy Industry's Globalization Strategy Enters the Realization Period，Optimistic about the company's profit and valuation in 2023。

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