Sany Heavy Industry Co., Ltd. (600031)

Sany Heavy Industry Co., Ltd. (600031)

Sany Heavy Industry Co., Ltd., founded by SANY group in 1994, has risen rapidly by breaking the traditional "technophobia" of Chinese people and adhering to independent innovation. On July 3, 2003, Sany Heavy Industry was listed on A-share market (Stock Code: 600031).

In July 2011, Sany Heavy industry ranked among the global top 500 Financial Times enterprises with a market value of US $21.584 billion, and it is the only Chinese machinery enterprise on the list so far.

In January 2012, Sany acquired Putzmeister, Germany, which is "the first brand of concrete in the world", changing the competition pattern of the global industry at one stroke.

Sany group, the parent company of Sany Heavy Industry, was formally established in Lianyuan, Hunan Province in 1989. The name of the company comes from the enterprise vision of "creating a first-class enterprise, bringing up first-class talents and making first-class contributions" put forward at the early stage of the enterprise. Over the years, Sany has been committed to contributing a world-class brand to the Chinese nation with the mission of "quality changes the world"[ 1] On November 13, 2019, Sany Heavy Industry Co., Ltd. was listed on the list of single champion products (the fourth batch)[ 2] In December 2019, Sany Heavy Industry Co., Ltd. was selected as the model 100 brand in the 2019 China brand power grand ceremony[ 3] On December 18, 2019, people's daily ranked 33rd in the "China brand development index" 100 list. On May 12, 2020, Sany Heavy Industry (600031. SH) announced that due to personal capital needs, the company's directors Tang Xiuguo, President Xiang Wenbo, vice president Yi Xiaogang and Mao Zhongwu planned to reduce their holdings of no more than 3.6 million shares, 7 million shares, 2.33 million shares and 5.05 million shares respectively through centralized bidding from June 3, 2020 to December 2, 2020, The reduction price shall be determined according to the market price.

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