Sany Heavy Industry Co Ltd Releases Quarterly Earnings Report
Sany Heavy Industry Co Ltd, a Chinese company specializing in construction and engineering machinery, has released its quarterly earnings report. The report indicates that the company is expected to post a profit of 0.253 CNY per share for the latest quarter, representing a 0.013 CNY increase from the previous year’s 0.240 CNY.
Revenue Growth
The company’s revenue is expected to rise by 7.22% year-over-year, driven by strong demand for its products. This growth is attributed to the company’s diversified product portfolio and its strong market position.
Industry Performance
In a separate development, Sany Heavy Industry’s rival, another company with the same name, has reported a 14.64% increase in its half-yearly revenue. This growth is driven by strong sales of its construction and engineering machinery. The company’s net profit has also risen by 46.00% year-over-year.
Key Statistics
- Expected profit per share: 0.253 CNY
- Increase in profit per share: 0.013 CNY (compared to the previous year)
- Revenue growth: 7.22% year-over-year
- Rival company’s revenue growth: 14.64% (half-yearly)
- Rival company’s net profit growth: 46.00% year-over-year