Sany reveals how much of its sales are from global markets
09 September 2024
In its 2024 half-year financial report China-based OEM Sany has announced operating revenue of CNY38.74 billion (US$5.44 billion), a decrease of 1.95% compared to the same period last year.
Sany has revealed its half year 2024 financial results
While sales overall were down slightly, the company reported international sales revenue for the main business of CNY23.54 billion (US$3.31 billion), marking a year-on-year growth of 4.79% and accounting for 62.23% of its main business revenue.
Regarding sales in global markets, the African region boasted a notable year-on-year increase of 66.71% to CNY2.31 billion yuan (US$325 million), while the Asia and Australia region contributed CNY9.17 billion yuan (US$1.29 billion), rising 2.55%.
The European region generated CNY8.27 billion (US$1.16 billion), a stable growth of 1.08%, and the Americas market brought in CNY3.79 billion (US$532.7 million), a decrease of 4.19%.
Sany said that it 鈥渇urther drove globalisation鈥 by expanding its global R&D and manufacturing layout, enhancing its aftermarket service, and building sustainable capabilities for global operations.
The OEM listed some of its product highlights in 2024, including: the SY2000 mining excavator, the third generation RC medium excavator, the 33-meter pump truck, and the STC2000C8-8 truck crane.
Sany added that it now has more than 80 new energy products 鈥 equipment powered by means other than a traditional diesel-powered engine, such as electric or hydrogen power.
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