Revenue and net profit increased across the board! Sany International Releases 2023 Annual Report

March 29, 2024

After the market on March 27，Trinity International(00631.HK)Announce 2023 Annual Operating Results。During the reporting period，The company achieved operating income of 202..7.8 billion yuan，Year-on-year growth of 30.5%；Realized net profit attributable to parent company 19.2.9 billion yuan，Year-on-year growth of 15.9%，Sustained overall high growth，Achieve the best business performance in history。

According to the results announcement，The substantial increase in the company's revenue is mainly driven by three factors.：

(1)Intelligent、Electric new products continue to penetrate the market，Make fully mechanized mining、Mine car、Wide-body car、 Significant increase in revenue from SKM and DJM products；
(2)International market expansion has achieved remarkable results.，International sales revenue increased substantially.；
(3)Revenue generated from the newly acquired oil and gas equipment segment and emerging industry equipment segment for the year ended 31 December 2023。
Look at the plates，2023，Sany International Mining Equipment Business Sector achieved operating income of 11.8 billion yuan.，Year-on-year growth of 19%；The logistics equipment sector realized business income of 5.8 billion yuan.，Year-on-year growth of 26%；Newly incorporated oil and gas equipment sector，Realize business income of 1.5 billion yuan。
Look at the area，The company's overseas business continued to grow substantially.，Total revenue from overseas business achieved in 2023 was 63.600 million yuan，Year-on-year increase of 50.7%，The proportion of total revenue increased by 4.2 percentage points，Wherein the mine car、Both Dagang Machinery and Xiaogang Machinery achieved substantial growth in international revenue.。During the reporting period，Thanks to the increase in the proportion of sales revenue of some products with higher gross profit margin，Implementation of cost reduction measures and reduction of sea freight prices，Changes in product mix after acquisition and incorporation into the oil and gas equipment segment and the emerging industry equipment segment，The gross profit margin of Sany International was approximately 26..9%，Year-on-year increase of about 3.5 percentage points，Steady improvement in operating quality。
In the smart mine、Smart Port Machinery、Driverless、Emerging industrial equipment and oil and gas equipment，Sany International Greatly Increases R & D Investment，R & D costs 16.8.2 billion yuan，Year-on-year increase of approximately 95 percent.5%，8% of income.3%，Year-on-year increase of 2.8 percentage points。Continuous R & D investment and R & D innovation make the core competitiveness of Sany International products continuously improve.，Roadheader、Frontal crane、Stacker、Complete set of fracturing equipment keeps the first brand in the industry。During the reporting period，By increasing control over inventory，Implementation of direct supply online and offline settlement、Classified management、One product, one policy and other measures，The average inventory turnover days of Sany International in 2023 is 89.5 days，A year-on-year decrease of 4% from 2022.5 days，Operational efficiency has been further improved。
Face the future，Sany International said，The economic situation is full of uncertainty.，It also breeds new opportunities.，With the country“Double Carbon”Implementation of the strategy and“Double loop”The construction of the pattern，The advanced equipment manufacturing industry still has a vast space for development.。Sany International will adhere to the principle of high-quality development and operation，And deepen globalization.、Digital intelligence and low-carbon strategy to meet opportunities and challenges。