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SANY HEAVY INDUSTRY CO., LTD

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Sany Heavy Industry : Global R&D Center officially operational

01/26/2022 | 04:36am EDT

This month marks the launch of the SANY Global Construction Machinery R&D Center in Kunshan, China.

Early in December of 2020, the main structure of the complex had been completed (learn more at https://www.sanyglobal.com/press_releases/671/). A series of follow-up finishing construction work and decorating was then completed before opening day on January 7th, 2022.

The complex consists of: two stations including the academician workstation and postdoctoral workstation; eight academies including the academies of intellectualization, electrification, digitization and five more academies of various types of machinery; and two centers, including the experiment&development center and the engineering center.

During the opening ceremony, Yu Hongfu, CEO of SANY Group and CEO of SANY Heavy Machinery, noted that "improving R&D capabilities will now be a continual effort for SANY. Our vision of digitization, electrification and internationalization will be realized."

"Talent is precious for enterprises like SANY," added Yu, "together with whom we will do great things at this magnificent R&D center we have created."

Disclaimer

Sany Heavy Industry Co. Ltd. published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 09:35:06 UTC.


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Net income 2022 11 459 M 1 707 M 1 707 M
Net Debt 2022 1 219 M 182 M 182 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 15,91 CNY
Average target price 22,14 CNY
Spread / Average Target 39,1%
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Managers and Directors
Hongfu Yu President & General Manager
Hua Liu Chief Financial Officer
Wen Bo Xiang Chairman
Ya Tang Independent Director
Zi Meng Su Independent Director