- Sany Heavy Industries reported a net income of 1.58 billion yuan in Q1 2024, marking a 4.2% increase from the previous year.
- Revenue for the company demonstrated a minimal yearly increase, settling at 17.83 billion yuan, which is a 0.2% improvement from the previous year.
- R&D expenses for the same quarter saw a decrease of 8.1%, dropping to 1.29 billion yuan.
- The revenue for the Concrete Machinery sector surpassed estimates, reaching 15.31 billion yuan as opposed to the projected 14.81 billion yuan.
- Excavation Machinery Revenue fell short of the estimated 30.21 billion yuan, coming in at 27.64 billion yuan.
- Hoisting Machinery Revenue also exceeded the projected figures, realizing 13.00 billion yuan as against the predicted 12.54 billion yuan.
- Pile Machinery and Pavement Construction Machinery both underperformed against their estimates, generating revenues of 2.09 billion yuan and 2.49 billion yuan respectively.
- Other businesses managed to defy expectations by bringing in 11.00 billion yuan, significantly higher than the estimated 9.9 billion yuan.
- Lastly, Sany Heavy Industries performance was rated by analysts as 20 buys, 7 holds, and 2 sells.
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
According to Smartkarma Smart Scores, Sany Heavy Industry shows promising long-term potential. With solid scores across various factors such as Value, Dividend, Growth, and Resilience, the company seems well-positioned for sustained performance. Particularly, the Momentum score of 5 indicates a strong positive trend that could further bolster Sany Heavy Industry‘s outlook. As a manufacturer of construction and engineering machinery with a global presence, the company appears to have a sturdy foundation for future growth and success.
SANY Heavy Industry Co., Ltd specializes in manufacturing and distributing construction and engineering machinery along with related parts. Their product line includes concrete pumps, road rollers, pavers, and other similar equipment, which are sold on a global scale. With balanced scores in essential areas according to Smartkarma Smart Scores, Sany Heavy Industry appears to be a dependable player in the industry with potential for sustained performance and growth in the long run.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
