The most popular Sany digital drive industry leade

2022-07-26
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Sany Heavy Industry, a leading company in the construction machinery industry, has taken the lead in promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by promoting the per capita output value of 140million yuan in the industry by establishing the employee stock ownership plan, Share the company's development bonus with thousands of employees

recently, Sany Heavy Industry 1. Excellent mechanical properties launched the draft employee stock ownership plan for 2020. The company plans to set up an employee stock ownership plan with a total scale of no more than 141million yuan. The funds come from the incentive fund withdrawn by the company according to the salary system. The shares come from the company's repurchase of no more than 8.3064 million shares. The purchase price is 16.94 yuan/share, equivalent to 55% of the current price of the company's secondary market, No more than 2264 employees in total can participate in the share purchase

Changjiang business daily noted that Sany did not set performance assessment indicators in the employee stock ownership plan, which was enough to demonstrate the company's confidence in long-term development

in recent years, Sany Heavy Industry, which has vigorously promoted the digital transformation, has greatly improved its operating capacity, and its per capita output value has reached the leading level in the global construction machinery industry. From 2016 to 2019, the company's operating revenue and net profit increased by 2.25 times and 54.2 times respectively. In the first three quarters of this year, it continued to reach a record high, achieving an operating revenue of 73.424 billion yuan and a net profit of 12.45 billion yuan, an increase of 24.6% and 34.69% year-on-year

the employee stock ownership plan covers 2264 employees

according to the draft employee stock ownership plan, the total scale of the employee stock ownership plan established by Sany Heavy Industry this time does not exceed 141million yuan, and the source of funds is the reward fund withdrawn by the company according to the salary system. The participants include directors, supervisors, senior managers, middle managers, key positions and core business (technical) personnel of the company, with a total of no more than 2264 people, equivalent to 62000 yuan per capita

by the end of 2019, the total number of on-the-job employees of Sany Heavy Industry was about 18500. The employee stock ownership plan covered about 12.27% of the company's total employees. Many people talked about plastics

the source of this ESOP is the shares repurchased in the special account for buyback of Sany Heavy Industries, with a total of no more than 8306400 shares, that is, no more than 0.1% of the company's current total share capital

Changjiang business daily notes that the experimental machine technology is advanced. The purchase price of the employee stock ownership plan launched by SANY is 16.94 yuan/share, 133.35% of the company's average stock repurchase price of 12.7 yuan/share

in the secondary market, Sany Heavy Industry, as the leader of the construction machinery industry, has repeatedly broken new highs. As of the closing on November 30, Sany Heavy Industries closed at 30.71 yuan/share, up about 75% from the closing price of 17.53 yuan/share on the first trading day at the beginning of the year, and up as much as 450% in the past five years. Based on the purchase price of the employee stock ownership plan, at present, the qualified products of the plan account have made a floating profit of RMB 114million

according to the company's distribution, 11 directors, supervisors and senior executives of Sany Heavy Industry were granted a total of RMB 40.075 million in the employee stock ownership plan, accounting for 28.48% of the total scale. Among them, liudaojun, chairman of the board of supervisors, and senior vice president of the company granted the most shares to Ru'an and yuhongfu, respectively 11.0834 million yuan, 8.0314 million yuan and 5.9602 million yuan, accounting for 7.88%, 5.71% and 4.24% of the total scale

according to last year's annual report, the pre tax remuneration received by the above three executives last year was RMB 230900, RMB 28585800 and RMB 15144300 respectively. By the end of the first half of this year, in addition to Xiang Ru'an, the other two executives, liudaojun and yuhongfu, held 1225500 shares and 3944200 shares of Sany Heavy Industry respectively

in addition to the above three persons, the other eight directors, supervisors and senior executives were allocated RMB 150000 to RMB 3.4 million respectively in the employee stock ownership plan. No more than 2253 middle-level managers, key positions and core business (technical) personnel of the company will be granted RMB 100.6352 million, accounting for 71.52% of the total scale of the shareholding plan, equivalent to RMB 44500 per capita

it is noteworthy that, different from other equity incentive methods, the employee stock ownership plan launched by Sany Heavy Industry this time does not set performance evaluation indicators. At the same time, the underlying stock equity in the plan is vested in the holder in five natural years, from 2020 to 2023 respectively. In each year, 20% of the equity is vested in the name of the holder

this also means that after the expiration of the 12-month lock-in period, employees participating in the employee stock ownership plan will get 20% of the shares every year during their employment from 2020 to 2025

according to the analysis of Soochow securities, this shows the company's confidence in long-term development, helps to deeply bind the long-term interests of the company and its core employees, and enhances team cohesion and future performance growth momentum

the profit in the first three quarters reached a new high of 12.45 billion

dare not set performance assessment conditions to give stock incentives to employees, reflecting Sany's attention to outstanding talents and full confidence in the company's profitability

Changjiang business daily noted that as an enterprise mainly engaged in construction machinery, the performance of Sany Heavy Industry is also directly related to infrastructure construction. After the downturn from 2012 to 2016, from 2017 to 2019, Sany achieved an operating revenue of 38.335 billion yuan, 55.822 billion yuan and 75.666 billion yuan respectively, with a year-on-year increase of 64.67%, 45.61% and 35.55%; The net profit was RMB 2.092 billion, RMB 6.116 billion and RMB 11.207 billion respectively, with a year-on-year increase of 928.35%, 192.33% and 83.23%; The net profit after deducting non recurring profit and loss was RMB 1.787 billion, RMB 6.037 billion and RMB 10.412 billion respectively, with a year-on-year increase of 669.88%, 237.94% and 72.45%

based on the revenue of 23.28 billion yuan and net profit of 203 million yuan in 2016, the overall growth of the company's revenue and net profit in three years will reach 2.25 times and 54.2 times respectively, and the performance growth rate is amazing

in the first three quarters of this year, the performance of Sany Heavy Industry broke through a new high again. During the reporting period, the company achieved an operating revenue of 73.424 billion yuan, a year-on-year increase of 24.26%; The net profit was 12.45 billion yuan, a year-on-year increase of 34.69%

among the major products on sale, in the first half of this year, the sales revenue of Sany excavator reached 18.649 billion yuan, a year-on-year increase of 17.22%. Sany excavator won the sales champion for the 10th consecutive year in the domestic market, and its market share continued to increase; The sales revenue of concrete machinery reached 13.506 billion yuan, a year-on-year increase of 4.51%, ranking the first brand in the world

in addition, in the first half of the year, the company's sales revenue of hoisting machinery reached 9.427 billion yuan, a year-on-year increase of 10.9%, and the market share of truck cranes increased significantly; The sales revenue of piling machinery was 3.751 billion yuan, a year-on-year increase of 26.59%, ranking the first brand in China; The sales revenue of pavement machinery was 1.501 billion yuan, a year-on-year increase of 20.15%, and the market share of pavers and rollers increased significantly

Changjiang business daily found that in recent years, Sany Heavy Industry has vigorously promoted the digital transformation. With high-intensity R & D investment, the operating efficiency and per capita output value have increased significantly

only from the perspective of R & D expenses, from 2017 to 2019, the company's R & D expenses were RMB 771million, RMB 1754million and RMB 3644million respectively, reaching a total of RMB 6.17 billion in three years. In the first three quarters of this year, the company's R & D expenses reached 2.969 billion yuan, a year-on-year increase of 45.9%

driven by digitalization, Sany achieved effective cost control and reached the best level in history, which enabled the company to further expand its profit space while steadily increasing its sales volume. In the first half of this year, the company's period expense rate was 10.4%, a sharp year-on-year decrease of 1.36 percentage points, of which the sales expense rate decreased by 1.76 percentage points year-on-year; The management expense ratio decreased by 0.28 percentage points year-on-year; The financial expenses were only 7.21 million yuan, a year-on-year decrease of 36%

"through digital transformation, the company's operating capacity has been greatly improved, and the company's per capita output value is at the leading level in the global construction machinery industry." Sany said

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