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[introduction] sany heavy industry rarely releases recent sales information, and the closing price on september 9 fell by more than 5%

china fund news reporter qiu dekun

on the evening of september 9, sany heavy industry suddenly announced its recent sales situation, which included a number of "favorable" data.

it can be seen from the query that sany heavy industry last released its sales situation on october 25, 2022. at that time, the company's stock price was at a low level.

why did sany heavy industry suddenly take similar actions after nearly two years?

as of the close of trading on september 9, sany heavy industry's share price fell by 5.52%, with a total market value of 129.2 billion yuan. on the evening of september 6, the company announced that several shareholders and directors, supervisors and senior executives planned to "group together" to reduce their holdings.

overseas markets are an important source of revenue

the latest announcement from sany heavy industry shows that in august, the company's domestic sales volume of small excavators increased by 51% year-on-year, medium excavators increased by 44% year-on-year, and large excavators remained unchanged; the decline in non-excavator products such as concrete machinery and lifting machinery narrowed.

it is reported that sany heavy industry's small excavator products have achieved growth for six consecutive months this year, with the growth rate accelerating month by month, and its medium and large excavator products have also stabilized and recovered.

in terms of overseas markets, sany heavy industry's sales volume of small excavators increased by 16% year-on-year, medium excavators increased by 32% year-on-year, and large excavators increased by 63% year-on-year. non-excavator products such as concrete machinery and lifting machinery continued the high growth rate in the first half of 2024.

from the perspective of key overseas regions, from january to august 2024, sany heavy industry's sales in the african market reached 3.5 billion yuan, a year-on-year increase of more than 60%.

sany heavy industry announced that since entering the african market in 2002, the company has sold equipment worth more than 20 billion yuan and has more than 23,000 equipment units, ranking first among chinese engineering machinery companies exporting products to the african market.

currently, sany heavy industry provides sales services in 52 countries and regions in africa (a total of 61 countries and regions in africa), with a localization rate of over 60%.

sany heavy industry announced that the company will further increase its development of the african market and continue to deepen all-round cooperation with african partners in the fields of smart manufacturing, infrastructure construction, new energy and so on.

the overseas market has become an important pillar of sany heavy industry's development. in the first half of 2024, the company's overseas sales revenue was 23.542 billion yuan, a year-on-year increase of 4.79%, and overseas revenue accounted for 62.23% of its main business revenue.

several important shareholders plan to reduce their holdings in a “group”

on september 9, sany heavy industry's stock price fell significantly. a staff member of sany heavy industry's securities department responded that in addition to being affected by market trends, the company's stock price changes may also be related to the shareholders' plan to reduce their holdings, but the company's current production and operation are normal and there is no undisclosed major information.

on the evening of september 6, sany heavy industry announced that due to personal financial needs, the company's shareholders xiang wenbo, zhou fugui, yu hongfu, liu hua, liu daojun, sun xinliang, and xi qing plan to reduce their holdings of some of the company's shares through centralized bidding or block trading between october 9, 2024 and january 8, 2025 (no reduction during the window period).

the above-mentioned reduction plan has attracted market attention, mainly because the reduction amount is large and the reduction party is relatively important.

first, the reduction prices of the above shareholders are determined according to the market price. among them, xiang wenbo plans to reduce his holdings of sany heavy industry by no more than 5 million shares. according to the closing price of 16.13 yuan per share on september 6, the total reduction amount is 80.65 million yuan.

secondly, the shareholders who plan to reduce their holdings all hold positions as directors, supervisors and senior managers in sany heavy industry. among them, xiang wenbo serves as a director, supervisor and senior manager of sany heavy industry. as of september 6, he held 32.1932 million shares of sany heavy industry, accounting for 0.3803% of the shares.

finally, xiang wenbo and zhou fugui are both major shareholders of sany group co., ltd., which is the controlling shareholder of sany heavy industry. according to the relevant provisions of the "management measures for acquisition of listed companies", xiang wenbo, zhou fugui and sany group co., ltd. have a concerted action relationship.

editor: captain

review: chen siyang

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