n recent years, China has become the world's largest construction machinery manufacturing and sales country. The rapid growth of Sany is a microcosm of Chinese construction machinery companies. In 2019, 12 Chinese companies were included in the top 50 global construction machinery manufacturers. In large, super large, intelligent products and technologies, China has approached or even reached the world's leading level.

On March 24, 2020, "Nihon Keizai Shimbun" reported that Sany Heavy Industry surpassed Komatsu for the first time and became the world's second largest construction machinery company by market value.

Surpass Komatsu in four months

On November 23, 2019, "Nihon Keizai Shimbun" reported that China's Sany Heavy Industry ranked among the top three global construction machinery and its market value is catching up with Komatsu.

In less than four months, on March 2, 2020, Sany Heavy Industry closed up 8.66%, and its intraday market value exceeded 160 billion yuan, the highest in history.

To this end, "Nikkei" recently issued another article: "SANY Heavy Industry surpassed Komatsu for the first time, ranking second in the industry in the world"

The article points out that market demand is the main reason for its market value rise. With the gradual control of the epidemic in China, Sany is regaining orders lost during the Spring Festival.

The article believes that with the continuous improvement of Sany's product technology, the world's construction machinery industry is entering the "three strong era".

Wall Street giant bullish on Trinity

The article also heavily quoted the opinions of global brokerage giants such as Goldman Sachs and Morgan Stanley, supporting Sany's sound development.

Goldman Sachs believes that China's excavator market sales will continue to grow steadily in 2020, and these medium-to-long-term factors are expected to drive the market value of Sany Heavy Industries up.

Morgan Stanley believes that in 2019, Sany's excavator sales far exceeded the market's total of two or three, and the price-earnings ratio was far from the optimal level. With the development of overseas markets, its performance will continue to improve.

The article also pointed out that Sany Heavy Industry has a strong drive to expand overseas, and its overseas agency and service network is also increasingly perfect.

As of the time of writing, the market value gap between Sany and Komatsu has widened to 500 billion yen.

Today's San has a higher market competitiveness and advantages, and stable development makes the strength and ability more matched. Relying on the huge domestic market, Sany has opened up its popularity and increased its share, and then seized the opportunity of the Belt and Road Initiative to expand overseas markets. We believe that with the scale of the Chinese market and the expansion of overseas markets, the development of Chinese construction machinery enterprises can be expected in the future. As a leading company in China's construction machinery industry, Sany's future revenue and profits will also achieve higher breakthroughs. Editor / Zhao Jing