(Steady international business growth brought overseas revenue accounting for 62.23% of its core business revenue)
SHANGHAI, Sept. 8, 2024 /PRNewswire/ -- SANY Heavy Industry (SANY) announced its 2024 half-year financial report on August 30. The company reported 38.74 billion yuan (5.45 billion USD) in operating revenue for H1 2024, down 1.95% year-on-year, while the net profit attributable to shareholders of listed companies increased by 4.80% to 3.57 billion yuan (503 million USD).
Despite the challenging global market, the company, insisting on the principle of "high-quality development", achieved a surge in net cash flow from operating by 2,204.61% to 8.44 billion yuan (1.19 billion USD).
Rapid international growth
In the first half part of 2024, SANY further drove globalization by expanding the global R&D and manufacturing layout, ...
