SANY HEAVY EQUIPMENT INTERNATIONAL Reports Record Quarterly Earnings For Q1 FY2023
May 28, 2023
Earnings Overview
SANY HEAVY EQUIPMENT INTERNATIONAL ($SEHK:00631) announced their financial figures for the first quarter of FY2023, ending on May 15, 2023, on March 31, 2023. Total revenue was CNY -5438.2 million, representing a decrease of 32.1% from the previous year. However, net income rose to CNY 650.3 million, a 46.4% increase compared to the same period in the previous year.
Price History
On Monday, SANY HEAVY EQUIPMENT INTERNATIONAL reported record quarterly earnings for Q1 FY2023. The stock opened at HK$10.4 and closed at HK$11.3, marking 8.5% increase from prior closing price of HK$10.4. The record-breaking results can be attributed to the continuous growth in sales and higher efficiency of operations. This helped boost profits for the company and increase shareholder value. Apart from the impressive financial performance, SANY also made various strategic moves which should help bolster its long-term prospects.
It launched an online store which will enable customers to buy company’s products with greater convenience and it also entered into new international markets which should provide further opportunities for growth. Overall, SANY Heavy Equipment International had a highly impressive quarter and the stock reacted positively to the news. Going forward, investors will be watching the company’s progress closely and will be expecting similar levels of performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sany Heavy Equipment. More…
| Total Revenues | Net Income | Net Margin |
| 14.21k | 1.87k | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sany Heavy Equipment. More…
| Operations | Investing | Financing |
| 1.08k | 639.25 | -376.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sany Heavy Equipment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.14k | 13.86k | 2.9 |
Key Ratios Snapshot
Some of the financial key ratios for Sany Heavy Equipment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.0% | 27.5% | 13.2% |
| FCF Margin | ROE | ROA |
| -1.6% | 13.7% | 5.1% |
Analysis
At GoodWhale, we recently conducted an analysis of SANY HEAVY EQUIPMENT INTERNATIONAL’s wellbeing. Based on our Risk Rating, SANY HEAVY EQUIPMENT INTERNATIONAL is considered a medium risk investment in terms of both financial and business aspects. We detected two risk warnings in the income sheet and balance sheet of SANY HEAVY EQUIPMENT INTERNATIONAL. If you’re interested in learning more about these risk warnings, please consider registering with us. We at GoodWhale are dedicated to providing our members with the best possible information to help make well-informed decisions when investing. More…
Peers
Its main competitors are Patentus SA, Eimco Elecon India Ltd, and Shanghai Chuangli Group Co Ltd.
– Patentus SA ($LTS:0MN1)
Patentus SA is a holding company that engages in the provision of patent and trademark services. It offers trademark registration, patent registration, and licensing services. The company was founded on April 4, 1996 and is headquartered in Buenos Aires, Argentina.
– Eimco Elecon India Ltd ($BSE:523708)
Eimco Elecon India Ltd is a publicly traded company with a market capitalization of 2.54 billion as of 2022. The company has a return on equity of 1.16%. Eimco Elecon India Ltd is engaged in the manufacture and supply of mining and construction equipment. The company offers a range of products including excavators, loaders, dozers, and Graders.
– Shanghai Chuangli Group Co Ltd ($SHSE:603012)
Shanghai Chuangli Group Co Ltd is a Chinese conglomerate with a market cap of 3.74 billion as of 2022. The company has a return on equity of 9.64%. Shanghai Chuangli Group Co Ltd is involved in a variety of businesses, including real estate, construction, and retail. The company has a strong presence in Shanghai, China.
Summary
SANY HEAVY EQUIPMENT INTERNATIONAL recently released their financial results for the first quarter of FY2023, which ended on May 15, 2023. Total revenue dropped by 32.1% year-on-year, however net income saw an increase of 46.4%. This news was met with a positive reaction from investors, as the stock price moved up the same day.
Overall, this suggests that SANY HEAVY EQUIPMENT INTERNATIONAL is in a good financial position and is still a viable investment option. Analysts recommend monitoring the company’s performance in the coming months to get a better view of their prospects in the future.
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