Sany Group Gained CNY 13.5bn Sales in 07. March 4 2008

Sany Heavy Industry Co., Ltd. (SHSE: 600031) announces that its majority shareholder Sany Group is becoming the first private business in Hunan Province that has sales revenue over CNY 10 billion.

The group achieved sales revenue of CNY 13.5 billion in 2007, 65% higher than a year earlier, and gained profits of CNY 4.02 billion. The overseas business also contributed sales more than USD 200 million.

As a leader in China's machinery manufacturing sector, Sany Group, established in 1989, has total assets of CNY 13.164 billion now and over 19,000 peoples are working for it. Its flagship products include construction engineering machinery, road machinery, grabbing machinery, port machinery, and coal miming machinery. Impressively, Sany Brand is the most famous one in China in concrete machinery, pile driving machinery, and crawler crane. Now, its concrete pump vehicles have defeated the imported brands and control 56% market share, with global No.1 sales for three years in a row.