Tang Xiuguo

SANY Group Co., Ltd. was founded in 1989. Since its founding, the output of SANY Heavy Industry Co., Ltd grows at a rate of over 50% annually. In 2012, SANY’s operating revenue and net profit were 46.831 billion yuan and 5.686 billion yuan respectively. In the first half 2013, its operating revenue and net profit were 22.085 billion yuan and 2.651 billion yuan respectively. In July, 2011, the British newspaper Financial Times released the 2011 list of the world’s 500 most valuable companies (FT Global 500) ranked by market capitalization. SANY was put on the list of FT Global 500. It became the unique company listed among the world’s top 500 companies in China’s construction machinery industry. SANY has built 25 manufacturing bases, six sales regions, and over 100 offices with more than 400 agents and 8,000 suppliers worldwide. In China, SANY has established six industry parks in Beijing, Changsha, Shanghai, Shenyang, Kunshan and Urumchi. With global R&D centers and manufacturing bases in the US, Germany, India and Brazil, SANY’s products are exported to 150 countries and regions.