Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED

(631)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Sany Heavy Equipment International : INSIDE INFORMATION UNAUDITED FINANCIAL DATA FOR THE THREE MONTHS ENDED 31 MARCH 2021

05/10/2021 | 10:48am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SANY HEAVY EQUIPMENT INTERNATIONAL

HOLDINGS COMPANY LIMITED

三 一 重 裝 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 631)

INSIDE INFORMATION

UNAUDITED FINANCIAL DATA

FOR THE THREE MONTHS ENDED 31 MARCH 2021

SUMMARY

This announcement is made by Sany Heavy Equipment International Holdings Company Limited pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

  • Unaudited consolidated revenue for the Period amounted to approximately RMB2,411,390,000, representing an increase of approximately 55.3% as compared to approximately RMB1,552,955,000 for the corresponding period of 2020.
  • Unaudited consolidated gross profit for the Period amounted to approximately RMB621,840,000, representing an increase of approximately 52.8% as compared to approximately RMB406,973,000 for the corresponding period of 2020.
  • Unaudited consolidated net profit for the Period amounted to approximately RMB340,040,000, representing an increase of approximately 32.4% as compared to approximately RMB256,846,000 for the corresponding period of 2020.

Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.

- 1 -

This announcement is made by Sany Heavy Equipment International Holdings Company Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong). In order to update the shareholders and investors of the Group's information, the board (the ''Board'') of directors (the ''Directors'') of the Company hereby announces the unaudited financial data of the Group for the three months ended 31 March 2021 (the ''Period'').

The information below was extracted from the Group's unaudited management accounts for the Period together with comparative figures for the corresponding period of 2020 :

(Unaudited)

(Unaudited)

For the

For the

three months

three months

ended

ended

31 March

31 March

2021

2020

Change Rate

RMB'000

RMB'000

(%)

Revenue

2,411,390

1,552,955

55.3%

Gross profit

621,840

406,973

52.8%

Profit before tax

368,121

296,241

24.3%

Net profit

340,040

256,846

32.4%

During the Period, the Group's business recorded a significant increase in both revenue and net profit as compared to the corresponding period last year. The Board considers that such change was mainly due to:

  1. the accelerated promotion of computerization in mine and the transformation and upgrade of port operation towards intelligent port and green port, which have become the important driving forces for the growth of the Group's mining and logistics businesses. The Group further promoted new products such as intelligent excavator, intelligent integrated mining, intelligent transtainer, electric front loader and electric stacking machine, which led to a significant increase in revenue from mining equipment and logistics equipment businesses.
  2. driven by the national intelligent manufacturing policy, the growth in demand for intelligent factories is strong. The Group's revenue from robot business has grown rapidly.
  3. the rapid growth in international market demand for products such as widebodied vehicle and telehandler, which contributed to the sustainable growth of the Group's international revenue.

- 2 -

  1. stepped up investment of the Group in the research and development of new products such as mobile robots, robotic system integration, electric forklifts, unmanned mining transport equipment, automated integrated mining and smart mines, and implemented the research and development personnel doubling plan, resulting in doubled research and development expenses. As such, an increase in profit was lower than that of revenue for the Period.

Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.

By the order of the Board

Sany Heavy Equipment International Holdings Company Limited

Liang Zaizhong

Chairman

Hong Kong, 10 May 2021

As at the date of this announcement, the executive Directors are Mr. Liang Zaizhong, Mr. Qi Jian and Mr. Fu Weizhong, the non-executive Directors are Mr. Tang Xiuguo and Mr. Xiang Wenbo, and the independent non-executive Directors are Mr. Ng Yuk Keung, Mr. Poon Chiu Kwok and Mr. Hu Jiquan.

- 3 -

Disclaimer

Sany Heavy Equipment International Holdings Co. Ltd.  published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 14:47:01 UTC.


ę Publicnow 2021
All news about SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED
08/31Sany Heavy Equipment International Holdings Company Limited Reports Earnings Results fo..
CI
05/27SANY HEAVY EQUIPMENT INTERNATIONAL H : Ex-dividend day for final dividend
FA
05/25Sany Heavy Equipment International Holdings Company Limited Declares Final Dividend for..
CI
05/11SANY HEAVY EQUIPMENT INTERNATIONAL : Q1 Profit, Revenue Soar
MT
05/10SANY HEAVY EQUIPMENT INTERNATIONAL : Inside information unaudited financial data for the t..
PU
05/10Sany Heavy Equipment International Holdings Company Limited Reports Earnings Results fo..
CI
05/06SANY HEAVY EQUIPMENT INTERNATIONAL : Monthly Return of Equity Issuers on Movements in Secu..
PU
04/27SANY HEAVY EQUIPMENT INTERNATIONAL : Notice of board meeting
PU
04/20SANY HEAVY EQUIPMENT INTERNATIONAL : Proposed renewal of general mandates to issue shares ..
PU
04/20Sany Heavy Equipment International Holdings Company Limited Recommends Final Dividend f..
CI
More news
Financials
Sales 2021 9 563 M 1 495 M 1 495 M
Net income 2021 1 478 M 231 M 231 M
Net Debt 2021 - - -
P/E ratio 2021 18,2x
Yield 2021 2,17%
Capitalization 22 957 M 3 592 M 3 589 M
Capi. / Sales 2021 2,40x
Capi. / Sales 2022 1,89x
Nbr of Employees 3 573
Free-Float 33,2%
Chart SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED
Duration : Period :
Sany Heavy Equipment International Holdings Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 7,44 CNY
Average target price 10,56 CNY
Spread / Average Target 42,0%
EPS Revisions
Managers and Directors
Jian Qi Vice Chairman & Chief Executive Officer
Xiang Jun Zhu Chief Financial Officer
Zai Zhong Liang Chairman
Yuk Keung Ng Independent Non-Executive Director
Chiu Kwok Poon Independent Non-Executive Director