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Sany International's revenue exceeded 10 billion yuan for the first time in 2021, with a net profit of 1.31 billion yuan

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2022-03-30 18:18Reddit Official Account

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Reddit Moment, March 30th (Reporter Tang Jieqiong) March 29th after the market. Sany Heavy Duty International Holdings Limited (hereinafter referred to as "Sany International"; stock code 00631.HK) announced its 2021 annual results. For the year ended December 31, 2021, Sany International achieved operating revenue of approximately 10.19 billion yuan, an increase of approximately 38.4% year-on-year, and net profit of approximately 1.31 billion yuan, an increase of approximately 24.5% year-on-year.

The report shows that in 2021, Sany International sales revenue grew significantly compared to the same period in 2020, on the one hand, mining equipment, the industry's intelligent upgrading, the competitiveness of products such as roadheaders and wide-body trucks, revenue of 5.74 billion yuan, an increase of 29.2% year-on-year. At the same time, logistics equipment industry intelligence, electrification demand is strong, electric forklift, unmanned collector, telescopic arm forklift and other new products on the market, the revenue reached 3.3 billion yuan, an increase of 31.0% year-on-year; Thirdly, the intelligent production line, AGV, electric forklift batch delivery, robotics business revenue reached 1.15 billion yuan, an increase of 188.3% year-on-year.

During the reporting period, the company's R&D expenses continued to increase, exceeding 740 million yuan in 2021, an increase of 67.9 % year-on-year, and the R&D expense ratio reached 7.2%. In new business areas such as unmanned mining vehicles, intelligent logistics, intelligent production lines, AGVs and electric forklifts, Sany International continued to invest more than 160 million yuan. The report shows that Sany International's R&D strength is tilted towards digitalization, internationalization and electrification, with 77% growth in digital talents, 50% growth in internationalization talents and 80% growth in electrification talents.

During the reporting period, Sany's international market share increased steadily, and the competitiveness of its products and brand influence were further enhanced, of which the roadheader, forklift, headframe crane continued to be the No. 1 machine in China, and the market share of general mining and large port machine continued to increase. At the same time, overseas sales hit another record, achieving revenue of 2.1 billion yuan, an increase of 54%, of which, Europe, Southeast Asia, the U.S. market growth of 95.7%, 48.1%, 42.1%, respectively, the internationalization of the revenue accounted for 20.6%.

In terms of products, Sany international products comprehensively upgraded to electrification and intelligence, a variety of products off the production line, the construction of intelligent digging model mine, mining truck driverless commercial operation and other breakthroughs . Robotics business is growing rapidly, with 96 orders executed throughout the year; external customers have won a total of about 170 million yuan, and we have successfully opened up customers such as Beehive Energy, China Motor Corporation, and Wuliangye.