Sany Heavy Industry (SHA:600031) reported increases in the domestic sales volume of small excavators by 51% year-on-year and medium excavators by 44% in August.
Meanwhile, sales volume of large excavators remained the same, while sales of non-excavation products such as concrete machinery and lifting machinery narrowed the decline, according to a Tuesday filing with the Shanghai bourse.
Also, the heavy machinery company reported increases in the overseas sales volume of small excavators by 16% year-on-year, medium excavators by 32% and large excavators by 63% in August.
Non-excavation products such as concrete machinery and lifting machinery continued the high growth rate in the first half of the year.
From January to August 2024, Sany Heavy Industry's sales in Africa reached 3.5 billion yuan, an increase of more than 60% from the prior year.
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