Our reporter Xiao Wei
Picture ①Investors visiting Factory No. 18 Picture ②Sany Electric Equipment Picture ③Sany Heavy Industry Gate Xiao Wei/photo
Sany Heavy Industry: Embracing Globalization and Digitalization for Future Growth
In a recent "Get to Know My Listed Company" event organized by China Securities Small and Medium-sized Investors Service Center, a group of reporters, individual investors, fund managers, and securities analysts visited Sany Heavy Industry's Factory No. 18. The purpose of the visit was to gain insights into the company's operations and to discuss key issues such as globalization, digitalization, electrification, and the future trends of the domestic construction machinery industry.
During the visit, Sany Heavy Industry expressed optimism about the market conditions in 2024 and highlighted its expectations for the future. Company management personnel emphasized that the "replacement wave" is imminent, and market segments such as aerial work equipment and electric loaders are already experiencing growth. The company also stressed the importance of globalization, highlighting the need to integrate markets in Europe, the United States, Japan, South Korea, the Middle East, Africa, and Latin America in addition to the domestic market.
Sany Heavy Industry's confidence in the market is driven by the strong demand in niche areas. The company's focus on innovation and automation was evident as the visitors toured Factory No. 18. The factory, surrounded by greenery, showcased advanced automation technology with unmanned vehicles shuttling products, robots performing various operations, and a data panel displaying production progress. Visitors were impressed by the high level of automation and intelligent applications used in the factory.
According to Sany Heavy Industry's representatives, 85% of the work tasks in the factory are currently completed by robots, leading to improved efficiency and significant energy conservation and emission reduction. This emphasis on automation and efficiency aligns with the company's strategy to adapt to changing market dynamics and technological advancements.
The visit to Factory No. 18 provided valuable insights into Sany Heavy Industry's commitment to innovation, digitalization, and sustainability. The company's proactive approach to embracing automation and intelligent applications is not only enhancing its production processes but also positioning it for future growth in the construction machinery industry.
The shift towards automation and digitalization comes at a crucial time for the domestic construction machinery industry, which has experienced a decline in market demand since its peak in 2021. With the industry facing challenges, Sany Heavy Industry's strategic focus on technology and innovation is expected to bolster its competitive advantage and resilience in the market.
As Sany Heavy Industry looks ahead to 2024, its emphasis on global integration, technological advancement, and sustainability is poised to drive its growth and success in the construction machinery industry. The company's efforts to adapt to market trends and capitalize on niche opportunities reflect its commitment to staying at the forefront of industry developments and meeting the evolving needs of its customers.