Sany's overseas gross profit margin exceeded domestic for the first time

Date:2023-04-23 Author:Grace Source:www.chinaspv.com

April 23, 2023, China, In 2022, Sany Heavy Industry accelerated its internationalization progress, with strong revenue growth in overseas markets, rapid growth in high-end markets, significant increase in core product share, and continuous improvement in international competitiveness and brand awareness.

According to the annual report, in 2022, Sany Heavy Industry's overseas market revenue was 36.57 billion yuan, a year-on-year increase of 47.2%, accounting for 45.7% of the total revenue, a year-on-year increase of 22.3 percentage points. Among them, the international sales revenue excluding Putzmeister reached 30.14 billion yuan, a significant increase of 58.5% year-on-year.

After years of layout, the company's overseas sales have shown remarkable growth and achieved a significant transformation in its sales structure. According to the annual report, in 2022, Europe and America have become the fastest growing regions for Sany overseas.

In 2022, San launched a total of 79 products that meet international standards, with a coverage rate of over 70% for European and American products, promoting rapid growth in overseas sales. The sales revenue of mining machinery, concrete machinery, and lifting machinery in the overseas market were 18.08 billion, 7.54 billion, and 5.1 billion yuan, respectively, with year-on-year growth of 69%, 6.1%, and 24.6%.

According to AEM statistics, the overseas market share of Sany excavator exceeds 8%, and the excavator market share and sales in various regions have rapidly increased. In addition, the joint market share of concrete pump trucks with two brands reached 40%.

According to customs statistics, the company's overseas exports of mining machinery, lifting machinery, and concrete machinery products all remain the top.