In the field of manufacturing, China has occupied a certain position in the world. Just like the domestic Sany Heavy Industry has won the Top Chinese sales for 10 consecutive years in excavator products. Not only that, the founder of the company, Liang Wengen, was once twice as rich as Ma Huateng. What's going on?
As we all know, in the field of manufacturing, the mainland has been sitting in the position of a manufacturing power for 11 consecutive years, and as early as 2015, the mainland accounted for 22% of the world. The mainland cannot achieve this achievement without the development of domestic enterprises, of which Sany Heavy Industry is one of the representatives. The founder of the company, Liang Wengen, led Sany and made great strides all the way to achieve today's achievements.
It is precisely for this reason that as early as the time when Liang Wengen was successful in starting a business, his value was already 2 times that of Ma Huateng.
Specifically, as early as when Liang Wengen was still young, the conditions at home were relatively general, but his parents did not let their children go out to work very early for this reason. It was for this reason that he studied harder and was admitted to a good university. After graduation, I also successfully got a job with an iron rice bowl.
But Liang Wengen has greater ambitions, he wants to start his own business and make a difference. After that, he worked hard in many fields, but did not make any money. So after his calm thinking, he decided to enter the mechanical field to start a business, mainly because he had worked in this field before.
But this line is not so easy to do, just in terms of welding, he has encountered many problems. Fortunately, his university professors came to help him later, and he was able to get through this field smoothly. In the second year, the company began to enter a state of profitability, successfully making Liang Wengen earn 130,000. It was also at this time that he changed the name of the company to Sany Heavy Industry and officially opened the road of mechanization.
It is worth noting that by 2003, after the company was listed, its scale was constantly expanding, until 2011, the company not only achieved the first position in this field, but also Liang Wengen's wealth far exceeded Ma Huateng. It is understood that at that time, Liang Wengen had become the richest man in China with a net worth of 70 billion, but Ma Huateng's value at that time was less than half of his.
Since 2011, the company has been firmly in the first position in China in the field of machinery, and even in 2020, the company has also reached the top of the world. At the same time as obtaining such a title, the company also achieved a yearly record of up to 99.342 billion. So, how did the business do it?
Specifically, in 2020, the company's excavator sales reached 98,705 units. Caterpillar, a leading company in this field in the United States, sold only 75,772 units that year, which can be seen that there is a certain gap between the two companies compared with Sany China.
This is also the first time that the company has achieved the world's first position in this field. It is worth noting that in 2020, 90% of Sany's excavator products were sold abroad, accounting for only 10% in China. But even so, it still did not affect the company's proportion in the country.
The data shows that in 2020, the company accounted for 28% of the country, while XCMG, which ranked second in the country, accounted for only 18%. It is worth noting that Sany's current overseas distribution is also relatively extensive. Specifically, the company has 200 sales subsidiaries in the world, and more than 2,000 service points.
And the company in 2020, in many countries have built a base, which makes in 2020, the company has achieved good results. According to the company's data, in 2020, the company's revenue was 99.342 billion, up 31.29% compared to 2019. That is to say, in just one year, the company's account is as high as 99.342 billion.
It's just that although the company has developed very well in 2020, its revenue has declined in the Q3 quarter of 2021. According to the company's financial report, in the first three quarters of 2021, the company's revenue was 87.718 billion, up 20.34% compared with 2020.
While overall revenue grew, it fell 13.14 percent to 20.59 billion in the third quarter. Most critically, its profit fell severely, falling 35.32% to only 2.493 billion. From this point of view, Sany still needs to be improved in terms of performance.