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sany heavy industry (600031) disclosed its sales data today, showing that the company's sales of small excavators and other products grew rapidly in august.

the announcement shows that in august this year, sany heavy industry's domestic sales of small excavators increased by 51% year-on-year, medium excavators increased by 44%, and large excavators remained the same; non-excavation products such as concrete machinery and lifting machinery saw a narrowing decline. it is reported that the company's small excavator products have achieved six consecutive months of growth this year, and the growth rate has accelerated month by month, and medium and large excavator products have also stabilized and rebounded.

in overseas markets, sales volume of small excavators increased by 16% year-on-year, medium excavators increased by 32%, and large excavators increased by 63%. non-excavator products such as concrete machinery and lifting machinery continued their high growth rate in the first half of the year.

from january to august this year, the company's sales in africa reached 3.5 billion yuan, up more than 60% year-on-year. since entering africa in 2002, the company has sold more than 20 billion yuan of equipment and has more than 23,000 equipment units, ranking first among chinese engineering machinery companies in exporting products to africa.

to date, sany heavy industry provides sales services in 52 countries and regions in africa (a total of 61 countries and regions in africa), and has established 4 countries, 14 subsidiaries, 8 agents, and 50 service outlets in africa, with a localization rate of over 60%.

sany heavy industry said it will further increase its efforts to explore the african market and continuously deepen its all-round cooperation with african partners in the fields of smart manufacturing, infrastructure construction, new energy, etc., to create greater value for customers and make greater contributions to promoting africa's industrialization and modernization process.

sany heavy industry implements the business strategy of "group-led, local operation, and service first", and its overseas revenue continues to grow. in the first half of 2024, the company achieved overseas sales revenue of 23.542 billion yuan, a year-on-year increase of 4.79%, and overseas revenue accounted for 62.23% of its main business revenue.

zoomlion’s overseas revenue in the first half of this year was 12.048 billion yuan, a year-on-year increase of 43.90% (of which exports increased by 51.95% year-on-year). the proportion of overseas business revenue reached 49.10%, a significant increase of 14.32% from the first half of 2023.

according to statistics, the sales of construction machinery have improved in the past two months. in august, the sales of excavators were 14,647 units, an increase of 11.8% year-on-year, of which 6,694 units were sold domestically, an increase of 18.1% year-on-year, and 7,953 units were exported, an increase of 6.95% year-on-year; the sales of loaders in august were 8,329 units, an increase of 15.2% year-on-year, of which 4,036 units were sold in the domestic market, an increase of 8.99% year-on-year; and 4,293 units were exported, an increase of 21.8% year-on-year. in july, 13,690 excavators of various types were sold, an increase of 8.6% year-on-year. among them, 6,234 units were sold domestically, an increase of 21.9% year-on-year; and 7,456 units were exported, a decrease of 0.51% year-on-year. in july, the sales of loaders increased by 27.1%, and the domestic sales increased by 24.7%.

sany heavy industry's stock price fell 5.52% today. sany heavy industry announced on the evening of the 6th that shareholders xiang wenbo, zhou fugui, yu hongfu, liu hua, liu daojun, sun xinliang, and xi qing plan to reduce their holdings by no more than 5 million shares, 755,000 shares, 908,000 shares, 421,600 shares, 198,600 shares, 165,900 shares, and 100,000 shares respectively from october 9, 2024 to january 8, 2025 through centralized bidding or block trading due to personal capital needs. the reduction price will be determined according to the market price.