Sany International (00631) rose nearly 10%. As of press release, it rose 9.71% to HK$6.1, with a turnover of HK$83.994 million
The Zhitong Finance App learned that Sany International (00631) rose nearly 10%. As of press release, it had risen 9.71% to HK$6.1, with a turnover of HK$83.994 million.
According to the news, seven departments including the State Mine Safety Supervision Administration jointly issued the “Guiding Opinions on Further Promoting Intelligent Mine Construction and Promoting Mine Safety Development”. Among them, it is mentioned that core equipment is being developed. Accelerate the development and application of core components, sensors, key control units and operating systems of intelligent mining equipment, and accelerate the development and iterative update of mining robots. Furthermore, SDIC Securities pointed out that the steady restoration of project volume combined with a policy of upgrading equipment will accelerate the clearance of old equipment stocks, which may speed up the pace of industry recovery to a certain extent.
In 2023, Sany International achieved operating income of 20.078 billion yuan, an increase of 30.5% over the previous year; net profit to mother was 1,929 billion yuan, an increase of 15.86% over the previous year. The gross profit margin was 26.86%, up 3.51 percentage points year over year. By sector, in 2023, the mining equipment sector achieved revenue of 11.8 billion yuan, an increase of 19% over the previous year; the logistics equipment sector achieved revenue of 5.8 billion yuan, an increase of 26% over the previous year; and the newly incorporated oil and gas equipment sector achieved revenue of 1.5 billion yuan.