On the evening of October 28th, Sany Heavy Industry, the leader of the construction machinery sector, disclosed its third quarter performance report.
The report shows that the company achieved operating income of 20.59 billion yuan in the third quarter, down 13.14% year-on-year; The net profit attributable to shareholders of listed companies was 2.493 billion yuan, a year-on-year decrease of 35.32%.
As for the reason for the sharp year-on-year decline in net profit, Sany Heavy Industry said that due to the weakening of domestic downstream demand and the high base of over-compensation rebound last year, the growth rate of the company's revenue declined and the product structure changed; At the same time, the company continued to promote the strategy of digitalization, internationalization and electrification, and increased investment in talents and research and development.
As of today's close, Sany Heavy Industry plunged 5.3% to 22.86 yuan/share, hitting a new low in the year, with the current market value of 194.1 billion yuan.
In fact, Sany Heavy Industry began a long adjustment after its share price hit a record high in mid-February. Up to now, its cumulative decline has exceeded 50%, and its share price has been halved.
Construction machinery is different from liquor, food and beverage and other consumer industries, and belongs to cyclical industries, which are related to infrastructure, real estate and other industries. Although Sany Heavy Industry is a leading enterprise in the industry, it is difficult to change the fluctuation of performance cycle.
This cycle of construction machinery began in 2015. In 2016, Sany Heavy Industry had a net profit of only 200 million, a profit of 2 billion in 2017, a profit of 6.1 billion in 2018, a profit of 11.3 billion in 2019 and a profit of 15.4 billion in 2020. In addition, the prosperity of the real estate and infrastructure industries, the market or the expected performance this year may reach its peak and enter a downward cycle.
According to this year's financial report data, the net profit in the first quarter was 5.538 billion yuan, and that in the second quarter was 4.536 billion yuan. In the third quarter, the net profit in a single quarter dropped to 2.493 billion yuan, showing a continuous downward trend from the previous month.
Sany Heavy Industry's leading performance has declined so much, let alone other companies. In a sense, this basically confirms the market forecast, and the construction machinery industry has entered a decline cycle.
It is worth noting that with the continuous adjustment of Sany Heavy Industry this year, it has attracted numerous investors. According to the data, as of the end of the third quarter, Sany Heavy Industry had 1.15 million shareholders, making it the only listed company with more than one million shareholders, and the other two were BOE A shareholders with 1.56 million and Ping An shareholders with 1.3 million respectively.
At the end of the fourth quarter of last year, the number of shareholders of Sany Heavy Industry was only 334,600, which means that nearly 820,000 shareholders were added in the first three quarters of this year. Successfully won the first place in the list of newly added shareholders this year, while the number of shareholders continued to increase by 168,000 in the third quarter, ranking third in the third quarter.
Some netizens have no choice but to say, "There are more people ..."
However, it is gratifying to note that in the third quarter, Gaoyi Capital, a well-known private placement, continued to increase its holdings of nearly 150 million shares of Sany Heavy Industry, with an increase ratio of 300%, which also reflected its optimism about Sany. And there are "tall people" in the subsequent adjustments, which can be regarded as sharing weal and woe for investors.
