Latest news with #SANYHeavyIndustry
Korea Herald
23-05-2025
- Business
- Korea Herald
SANY 2024 ESG Report: Promoting High-Quality Development Driven by Green Innovation
BEIJING, May 21, 2025 /PRNewswire/ -- SANY Heavy Industry (SANY) has published its 2024 Environmental, Social, and Governance (ESG) Report (the "Report") disclosing the company's breakthrough achievements in the fields of clean energy development, green manufacturing and social responsibility practices. In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, fully committed to promote high-quality development of the industry powered by green innovation. "In the future, SANY plans to continuously boost investment in clean technology research and development, manufacturing facility upgrades and market expansion, to further expand clean energy product lines and efficient energy utilization solutions. We will continue our efforts to bring more value to our customers and support the green transformation with new quality productive forces," said Mr. Xiang Wenbo, Chairman of SANY Heavy Industry. Advancing clean energy products and green manufacturing In 2024, SANY implemented a wide range of energy-saving and consumption reduction projects. The whole-process carbon reduction practices and emission reduction efforts have been significant: SANY plans to continue strengthen clean technology R&D and production facility upgrades in the future with the goal of realizing more efficient energy utilization solutions. Prioritizing health and safety, focusing on employee development and social welfare SANY is committed to supporting all employees equally. In 2024, 89% of the group's overseas employees are local hires, and female accounted for 12% of the executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan launched in 2024 benefited 6,241 people, and throughout the year SANY conducted 485 training sessions which were participated by 93% of employees. In 2024, SANY organized training on special equipment safety and fire prevention, with a accumulated total of 176,441 participants in health and safety trainings. Its annual injury rate was 1.78‰ and the number of occupational disease injuries was zero. In addition, SANY is actively investing in social welfare. It donated about 18.16 million yuan (USD2.52 million) to social public welfare funds with cumulative investment exceeding 340 million yuan (USD47.16 million). It carried out 143 public welfare activities covering education, disaster relief and rural revitalization. ESG strategy safeguarded by digital intelligence In 2024, SANY optimized its ESG governance structure at the board level and held four shareholders' meetings and seven board of directors' meetings with a 100% attendance rate. It has built an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to realize full-process digital and intelligent control. "We accelerated our global layout in 2024 and leveraged digital technologies to promote intelligent manufacturing and transformation, actively research and develop new energy equipment and low-carbon products to support global sustainable development," noted Mr. Xiang Wenbo. "Looking ahead, we aim to lead new productivity development including green and intelligent technologies and contribute to reaching China's 'Dual Carbon' goals and global climate actions."
Cision Canada
21-05-2025
- Business
- Cision Canada
SANY 2024 ESG Report: Promoting High-Quality Development Driven by Green Innovation
BEIJING, May 21, 2025 /CNW/ -- SANY Heavy Industry (SANY) has published its 2024 Environmental, Social, and Governance (ESG) Report (the "Report") disclosing the company's breakthrough achievements in the fields of clean energy development, green manufacturing and social responsibility practices. In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, fully committed to promote high-quality development of the industry powered by green innovation. "In the future, SANY plans to continuously boost investment in clean technology research and development, manufacturing facility upgrades and market expansion, to further expand clean energy product lines and efficient energy utilization solutions. We will continue our efforts to bring more value to our customers and support the green transformation with new quality productive forces," said Mr. Xiang Wenbo, Chairman of SANY Heavy Industry. Advancing clean energy products and green manufacturing In 2024, SANY implemented a wide range of energy-saving and consumption reduction projects. The whole-process carbon reduction practices and emission reduction efforts have been significant: SANY saved a cumulative total of 0.32 billion yuan (USD44.38 million) in energy cost. SANY has applied photovoltaic power generation equipment in 21 subsidiaries, with clean energy usage amounting to 76.072 million kWh, which accounted for 13.8% of total energy usage. The VOC emission density is 14.47 tons/million yuan revenue in 2024, a decrease of 17.9% from the base year (2021). Strict controls of COD and ammonia nitrogen emissions through wastewater treatment process optimization and online monitoring have lowered the wastewater COD emissions intensity to 0.34 tons/million yuan revenue, an 84.5% decrease from 2021. SANY plans to continue strengthen clean technology R&D and production facility upgrades in the future with the goal of realizing more efficient energy utilization solutions. Prioritizing health and safety, focusing on employee development and social welfare SANY is committed to supporting all employees equally. In 2024, 89% of the group's overseas employees are local hires, and female accounted for 12% of the executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan launched in 2024 benefited 6,241 people, and throughout the year SANY conducted 485 training sessions which were participated by 93% of employees. In 2024, SANY organized training on special equipment safety and fire prevention, with a accumulated total of 176,441 participants in health and safety trainings. Its annual injury rate was 1.78‰ and the number of occupational disease injuries was zero. In addition, SANY is actively investing in social welfare. It donated about 18.16 million yuan (USD2.52 million) to social public welfare funds with cumulative investment exceeding 340 million yuan (USD47.16 million). It carried out 143 public welfare activities covering education, disaster relief and rural revitalization. ESG strategy safeguarded by digital intelligence In 2024, SANY optimized its ESG governance structure at the board level and held four shareholders' meetings and seven board of directors' meetings with a 100% attendance rate. It has built an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to realize full-process digital and intelligent control. "We accelerated our global layout in 2024 and leveraged digital technologies to promote intelligent manufacturing and transformation, actively research and develop new energy equipment and low-carbon products to support global sustainable development," noted Mr. Xiang Wenbo. "Looking ahead, we aim to lead new productivity development including green and intelligent technologies and contribute to reaching China's 'Dual Carbon' goals and global climate actions."
Yahoo
21-05-2025
- Business
- Yahoo
SANY 2024 ESG Report: Promoting High-Quality Development Driven by Green Innovation
BEIJING, May 21, 2025 /PRNewswire/ -- SANY Heavy Industry (SANY) has published its 2024 Environmental, Social, and Governance (ESG) Report (the "Report") disclosing the company's breakthrough achievements in the fields of clean energy development, green manufacturing and social responsibility practices. In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, fully committed to promote high-quality development of the industry powered by green innovation. "In the future, SANY plans to continuously boost investment in clean technology research and development, manufacturing facility upgrades and market expansion, to further expand clean energy product lines and efficient energy utilization solutions. We will continue our efforts to bring more value to our customers and support the green transformation with new quality productive forces," said Mr. Xiang Wenbo, Chairman of SANY Heavy Industry. Advancing clean energy products and green manufacturing In 2024, SANY implemented a wide range of energy-saving and consumption reduction projects. The whole-process carbon reduction practices and emission reduction efforts have been significant: SANY saved a cumulative total of 0.32 billion yuan (USD44.38 million) in energy cost. SANY has applied photovoltaic power generation equipment in 21 subsidiaries, with clean energy usage amounting to 76.072 million kWh, which accounted for 13.8% of total energy usage. The VOC emission density is 14.47 tons/million yuan revenue in 2024, a decrease of 17.9% from the base year (2021). Strict controls of COD and ammonia nitrogen emissions through wastewater treatment process optimization and online monitoring have lowered the wastewater COD emissions intensity to 0.34 tons/million yuan revenue, an 84.5% decrease from 2021. SANY plans to continue strengthen clean technology R&D and production facility upgrades in the future with the goal of realizing more efficient energy utilization solutions. Prioritizing health and safety, focusing on employee development and social welfare SANY is committed to supporting all employees equally. In 2024, 89% of the group's overseas employees are local hires, and female accounted for 12% of the executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan launched in 2024 benefited 6,241 people, and throughout the year SANY conducted 485 training sessions which were participated by 93% of employees. In 2024, SANY organized training on special equipment safety and fire prevention, with a accumulated total of 176,441 participants in health and safety trainings. Its annual injury rate was 1.78‰ and the number of occupational disease injuries was zero. In addition, SANY is actively investing in social welfare. It donated about 18.16 million yuan (USD2.52 million) to social public welfare funds with cumulative investment exceeding 340 million yuan (USD47.16 million). It carried out 143 public welfare activities covering education, disaster relief and rural revitalization. ESG strategy safeguarded by digital intelligence In 2024, SANY optimized its ESG governance structure at the board level and held four shareholders' meetings and seven board of directors' meetings with a 100% attendance rate. It has built an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to realize full-process digital and intelligent control. "We accelerated our global layout in 2024 and leveraged digital technologies to promote intelligent manufacturing and transformation, actively research and develop new energy equipment and low-carbon products to support global sustainable development," noted Mr. Xiang Wenbo. "Looking ahead, we aim to lead new productivity development including green and intelligent technologies and contribute to reaching China's 'Dual Carbon' goals and global climate actions." View original content to download multimedia: SOURCE SANY Group Sign in to access your portfolio
Cision Canada
29-04-2025
- Business
- Cision Canada
SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64%
SHANGHAI, April 29, 2025 /CNW/ -- SANY Heavy Industry (SANY) announced its 2024 results on April 19, reporting $10.88 billion in full-year sales and revenue, up 6.22% year-on-year. Net profit attributed to shareholders surged by 31.98% to $0.84 billion. As international revenue accounting for 64% of its core business revenue, the company continues to show its strong overseas growth. The company reported a core business gross margin of 26.63% in 2024, marking a 0.47pp year-on-year increase. Among which, the hoisting machinery contributed the most to the growth, showing a 4.23pp increase compared to 2023. In 2024, the company's operating cash flow was $2.07 billion, a whopping 159.53% increase, compared with $0.80 billion in 2023. Solid Core Business and Green Innovation The earthmoving machinery, concrete machinery, and hoisting machinery contributed 76% of the full-year revenue, reporting $4.25 billion, $2.01 billion, and $1.83 billion accordingly. The road machinery performed strongly, posting a 20.8% year-on-year growth. Staying committed to decarbonization, SANY continues to promote the development of clean technology. In 2024, the company applied 275 low-carbon patents and the low-carbon products generated $0.56 billion in revenue. In addition, SANY is driving forward the electrification of main machines, core spare parts, and power supply units. In 2024, the company launched over 40 electric products, with the sales exceeding 6,200 units. International Revenue Hits New High Prioritizing globalization efforts, SANY established production bases, R&D centers, marketing and service networks, and localized teams, enabling coordinated and efficient operations across all regions. During 2024, the international core business revenue set a new high of $6.78 billion, an increase of 12.15% compared with $6.06 billion for 2023, and accounting for 64% of the total core business revenue. The company reported the international gross margin of 29.7%. The growth of international markets was primarily driven by the Asia and Australia regions, whose reported revenue was $2.88 billion, a 15.47% year-on-year increase. The African market boasted strong growth with the revenue surging by 44% to $0.75 billion. The Europe and America regions also showed stable growth of 1.86% and 6.64%, contributing $1.72 billion to $1.44 billion respectively. "I'm proud of our achievements in the challenging yet opportunity-filled 2024. In 2025 we will deepen technological innovation, strengthen risk management, and enhance governance efficiency, contributing our corporate strength to global sustainable development," stated Xiang Wenbo, Chairman of SANY Heavy Industry.
Globe and Mail
04-03-2025
- Business
- Globe and Mail
SANY Group Secures Position on 2024 EU Industrial R&D Investment Scoreboard known as Global Innovation Leaders List
– Three Listed Subsidiaries Earn International Accolades for R&D Excellence SHANGHAI , March 4, 2025 /CNW/ -- The latest 2024 EU Industrial R&D Investment Scoreboard released by the European Commission reveals that SANY Group, a leading Chinese engineering equipment manufacturer, has achieved global recognition for its innovation capabilities. Three of its listed subsidiaries – SANY Heavy Industry, SANY International and SANY Renewable Energy – respectively ranked 313th, 863rd and 1,508th globally, based on their outstanding R&D investments and technological expertise. Notably, SANY Heavy Industry retained its status as China's construction machinery sector leader in terms of the level of effort they have put into R&D. The Scoreboard, an authoritative annual report published by the European Commission since 2004, tracks innovation trends among the world's top 2,000 manufacturers (representing 85% of global R&D investment with €1.26 trillion in 2023). Among the 579 Chinese companies included in the list, SANY Group demonstrated remarkable technological prowess: its subsidiaries SANY Heavy Industry, SANY International and SANY Renewable Energy claimed the 63rd, 207th, and 396th positions in China's R&D ranking, underscoring the success of the Group's "R&D-first" philosophy. SANY Heavy Industry, a major player in the construction machinery sector, is emphasizing innovation as its guiding principle. The firm is developing what it calls a 'future-oriented productivity system' that is focused on globalization, digitalization, and decarbonization. In 2023, SANY invested approximately $810 million ( 5.865 billion yuan ) in research and development. This funding targeted advancements in renewable energy equipment, intelligent construction systems, and the expansion of its global product offerings. Over the course of the year, the company secured 1,533 patent authorizations, with more than 55% of these for new inventions. Guided by China's "dual-carbon" (carbon peaking and carbon neutrality) goal, SANY Group has accelerated its green technology revolution: electric mixer trucks, hydrogen-powered mining trucks, and other low-carbon equipment achieved mass production milestones. The Group also pioneered industry-transforming innovations such as the world's first 5G remote-controlled excavator and unmanned road roller fleets. Its R&D network now spans 12 countries and regions, including China , the U.S., Germany , and India , enabling 24/7 global collaborative innovation. Industry analysts predict that SANY Group's commitment to maintaining annual R&D spending above 5% of revenue, coupled with the commercialization of its cutting-edge digital twin and AIoT platform technologies, will fuel sustained growth in its global expansion. The Group aims to boost R&D efficiency by 30% over the next three years, accelerating its transformation from "Made in China " to "Intelligently Designed for the World."
