SANY(SH:600031)2018-01-30 16:00Financial Performance - The estimated net profit attributable to shareholders for 2017 is projected to be between CNY 2,030 million and CNY 2,110 million, representing an increase of CNY 1,827 million to CNY 1,907 million compared to the previous year, which is a year-on-year increase of 898% to 937%[2] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses for 2017 is projected to be between CNY 1,760 million and CNY 1,860 million[4] - The previous year's net profit attributable to shareholders was CNY 203.457 million, with a net loss of CNY 313.50 million after deducting non-recurring gains and losses[5] Industry Growth - The strong growth in the engineering machinery industry is driven by improved macroeconomic conditions, increased downstream demand, and a rise in equipment replacement needs[6] - The overall profitability level of the industry has significantly improved, and the company's operational quality and risk management have been prioritized[6] Company Performance - The company has enhanced its core competitiveness, with significant increases in sales revenue for excavators, concrete machinery, and lifting machinery compared to the previous year[6] - The operating cash flow has increased significantly, and the overall expense ratio has decreased during the period[6] Forecast Accuracy - There are no major uncertainties affecting the accuracy of this performance forecast[7] - The forecast data is preliminary and subject to final audited financial results in the 2017 annual report[8]