Recently, Fortune China officially released “Most Innovative Chinese Enterprise 2012”. The top 3 in the list are respectively Tencent Holdings Limited, SAIC Motor Corporation Limited, and Sany Heavy Industry Co., Ltd.

Sany has greatly improved the ranking to the third compared to 13 in last year’s list. Sany President Xiang Wenbo Said “Innovation cannot be simply judged by profits”. It is reported that the investment in R&D of Sany accounts for 5%~7% of the sales revenue, while that of the world’s first-class construction machinery enterprises is less than 4%.

About Sany Heavy Industry

Invested by Sany Group, Sany Heavy Industry Co., Ltd. was founded in 1994, with its headquarters located in the Changsha Economic Technological Development Zone. Since its founding, the output of Sany Heavy Industry Co., Ltd grew at a rate of 50% annually. In 2010, Sany Heavy Industry did not stop its steps of moving forward. The operation income reached 33.955 billion yuan, which was 78.94% higher than 2009. In terms of net profit, Sany Heavy Industry gained 5.615 billion yuan in 2010, which was 112.71% higher compared with the previous year. In stock market, Sany also performed well with earnings per share of 1.11 yuan, realizing an increase of 112.71% compared to that of 2009. On July 1, 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 Heavy Industry (Code: 600031) was put on the list of FT Global 500 for the first time, ranked 431st, with a market cap of 21.584 billion US dollars. Sany has become the first company listed among the world’s top 500 companies in China’s construction machinery industry.