SANY named by Forbes as China's largest heavy equipment company in 2021 and 2nd in the World

CHANGSHA,China,May 26,2021 -- The19th Annual Forbes Global 2000 listranks the world's largest public companies by metrics including market value,sales,profits and assets.SANY,at 468th,ranks the first among heavy equipment manufacturers in China and the second in the world,after only Caterpillar.

This year,SANY surged 235 places to enter the Forbes TOP500 Club for the first time with yearly sales volume of USD 14.4 bn,revenue of USD 2.2 bn,asset value of USD 19.3 bn,market value of USD 41.2 bn.

Despite suffering a 27%reduction in theglobal marketforconstruction machinery when the COVID-19 pandemic began in the first quarter of 2020 - the largest hit to the globe in the 21stcentury so far - the company has maintained a steady growth,with a visionary global business layout anda well-rounded operation and business management strategy.

SANY kept a good momentum of growth in the first quarter of 2021,in which SANY's quarterly revenue reached USD 5.17 bn,an increase of 90% year-on-year. The company's main product lines are continuing to perform wellglobally,cementingSANY's leading position in the industry.