Changes in Hong Kong stocks | Sany International (00631) is now up more than 4%. Overseas products are highly competitive, and overseas business is expected to gradually accelerate

The Zhitong Finance App learned that Sany International (00631) is now up more than 4%. As of press release, it has risen 4.35% to HK$5.04, with a turnover of HK$35.511 million.

According to the news, Sany International previously released its 2024 annual report. The company achieved annual revenue of 21.9 billion yuan, an increase of 8% over the previous year; due to depreciation of oil services and real estate inventories, the company achieved net profit of 1.1 billion yuan, a year-on-year decrease of 43%. During the period, the company achieved overseas revenue of 8.17 billion yuan, an increase of 28.4%; of these, mining equipment achieved overseas revenue of 3,580 billion yuan, an increase of 27.5%; logistics equipment achieved overseas revenue of 4.471 billion yuan, an increase of 25.8% over the previous year.

CITIC Construction Investment pointed out that the company sells products such as Dagang, Xiaogang, mining vehicles, shearers, and tunneling machines to countries and regions in Asia, Europe, Africa, America, etc. Looking ahead, the company's overseas strategic plan is clear in 2025, and it is highly competitive for overseas products. Highlight products such as steel mining trucks and telescopic forklifts are expected to continue to open up market space and achieve rapid growth in overseas business. Furthermore, the company's emerging business segment has strong short-term profit pressure, and there is plenty of room for long-term growth.