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    Construction company's net profit surges in H1

    By Ren Xiaojin and Zhong Nan | China Daily | Updated: 2017-08-31 07:46

    Sany Heavy Industry Co, one of China's top three construction machinery manufacturers by production volume, reported on Tuesday night that its sales revenue was up 71.2 percent year-on-year to 19.2 billion yuan ($2.9 billion) in the first half of this year.

    The revenue surge was largely pushed by the development of the Belt and Road Initiative and growing demand in the domestic market for next-generation construction machinery such as excavators, bulldozers, pipe-layers, road rollers and wheel loaders since the second half of 2016.

    The company's first-half fiscal report said that Sany has gained steady momentum in the past six months. Its net profit topped 1.1 billion yuan, up a staggering 740.9 percent year-on-year. The group's assets had reached 59.52 billion yuan by the end of June.

    Construction company's net profit surges in H1

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