SANY(SH:600031) Jin Rong Jie·2025-07-03 07:50Core Viewpoint - SANY Heavy Industry has experienced significant growth since its listing in 2003, with its market capitalization increasing from 5.112 billion to 154.245 billion, reflecting the transformation of China's manufacturing industry, although recent years have shown considerable fluctuations in performance [1][3]. Group 1: Business Overview - SANY Heavy Industry's main business includes the development, production, and sales of construction machinery products and parts, with excavators accounting for the highest revenue share at 39.05%, followed by concrete machinery at 18.47% [3]. - Since its listing, SANY Heavy Industry has achieved a cumulative net profit growth of 1739.73%, from 325 million in 2003 to 5.975 billion in 2024, with 14 out of 22 years showing profit growth [3]. Group 2: Financial Performance - The company's revenue reached 100.054 billion in 2020 but decreased to 78.383 billion in 2024, indicating a trend of rising, then falling, and subsequently recovering revenue over the past five years [3]. - Net profit has shown significant volatility, dropping from 15.431 billion in 2020 to 5.975 billion in 2024, with a notable decline in 2021 and 2022 before gradually recovering [3]. Group 3: Market Capitalization - Since its listing, SANY Heavy Industry's market capitalization has increased by 29.17 times, demonstrating long-term investment value [5]. - The peak market capitalization reached 426.748 billion on February 18, 2021, with the stock price rising to 50.3, but as of July 2, 2023, the market capitalization has decreased by 272.504 billion, representing a 63.86% drop from its peak [5].