1. Industrial Production Growth: Recently, China’s April economic report was released. The industrial value-added increased by 6.70% year-on-year, accelerating by 2.2 percentage points compared to the previous month. The month-on-month growth was 0.97%, reaching a recent high in monthly growth rates. Among 41 major industrial sectors, 36 experienced year-on-year growth in value-added. Out of 619 key industrial products, 386 saw an increase in production compared to the same period last year. Industrial enterprises’ monthly profits shifted from decline to growth, with over 70% of industries achieving increased profits.
2. Mechanical Industry Performance in 2024 (January-April): During the first four months of 2024, the cumulative operating income of the mechanical industry reached 9.0 trillion yuan, representing a year-on-year growth of 1.4%. However, the total profit decreased by 3.9% to 4201.4 billion yuan.
3. Declining Excavator Exports in China: From January to April, China’s total excavator import and export volume was $2.66 billion, showing an 18.3% year-on-year decrease. Specifically, exports amounted to $2.57 billion, down by 19.5%, while imports increased by 41.4% to $90 million. Despite a trade surplus of $2.47 billion, demand remains sluggish. Notably, exports have continuously declined year-on-year for ten months, and major markets such as Russia, Belgium, Saudi Arabia, and Indonesia have not shown improvement in demand conditions.
4. SANY Heavy Industry’s Leadership in Low-Carbon Development: In response to the convergence of the Fourth Industrial Revolution and the Third Energy Revolution, SANY Heavy Industry is seizing the opportunity for green and low-carbon transformation. They are actively promoting electrification of main products and developing core components and technologies. Their goal is to create high-quality, energy-efficient, and user-friendly low-carbon products. In 2023, SANY’s electric products achieved revenue exceeding 3.1 billion yuan, while hydrogen energy products contributed 130 million yuan, leading the industry toward low-carbon trends.
5. Zooming in on Smart Transformation: SANY Global Customer Festival: On May 30th, the fourth SANY 5•28 Global Customer Festival was held in Liuzhou under the theme “Green, Smart, and Extending Human Capabilities.” Over 600 customers from various countries and regions participated in this machinery extravaganza, exploring SANY’s ten-year journey in electrification and experiencing new green and intelligent products. The event highlighted SANY’s commitment to smart transformation.
