• Sany Heavy Industries displayed a net income of 1.58 billion yuan in their first quarter of 2024, indicating a year-on-year growth of 4.2%.
• The company’s revenue for the same period was 17.66 billion yuan, which is 0.7% less than the previous year.
• For 1Q 2024, the recorded Research and Development (R&D) expenses of the firm amounted to 1.29 billion yuan, reflecting a decrease of 8.1% from the previous year.
• For the full year of 2023, the revenues generated by their respective business sectors are as follows:
- Concrete Machinery Revenue: 15.31 billion yuan (estimated to be 14.81 billion yuan)
- Excavation Machinery Revenue: 27.64 billion yuan (expected to be 30.21 billion yuan)
- Hoisting Machinery Revenue: 13.00 billion yuan (predicted to be 12.54 billion)
- Pile Machinery Revenue: 2.09 billion yuan (anticipated to be 2.71 billion yuan)
- Pavement Construction Machinery Revenue: 2.49 billion yuan (forecasted to be 3.18 billion yuan)
- Other Business revenue: 11.00 billion yuan (expected to be 9.9 billion yuan)
• In terms of market sentiment, the company has been given 20 buys, 7 holds, and 2 sells.
• All aforementioned results and comparisons are based on the values reported by the company’s original disclosures.
A look at Sany Heavy Industry Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assigned Sany Heavy Industry a range of scores in different categories that reflect its overall outlook. The company’s scores for Value, Dividend, Growth, Resilience are all average at 3, indicating a fair performance in these areas. However, Sany Heavy Industry shines in terms of Momentum with a high score of 5, suggesting strong positive price performance and investor interest.
Sany Heavy Industry, known for manufacturing and marketing construction and engineering machinery globally, shows promising momentum according to Smartkarma Smart Scores. While it may not rank exceptionally high in all aspects, such as value or growth, its significant momentum score could indicate positive movements and increased market interest in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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