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The latest update is out from Sany Heavy Equipment International Holdings Co ( (HK:0631) ).
Sany Heavy Equipment International Holdings Co issued a clarification announcement regarding recent media articles that stated the company has set a target to achieve a revenue of RMB50 billion by 2027 with a gross profit margin of 24%. The company clarified that these figures are merely targets for the next three years and do not constitute a profit forecast. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Sany Heavy Equipment International Holdings Co
Sany Heavy Equipment International Holdings Co is a company incorporated in the Cayman Islands, focusing on the heavy equipment industry. The company, along with its subsidiaries, is involved in the production and sales of heavy machinery, particularly in the mining equipment sector, with a market focus on both domestic and international growth.
YTD Price Performance: 7.72%
Average Trading Volume: 1,664
Technical Sentiment Signal: Buy
Current Market Cap: $1.97B
See more insights into 0631 stock on TipRanks’ Stock Analysis page.
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