Invested by SANY Group, SANY Heavy Industry Co., Ltd. was founded in 1994. Since its founding, the output of SANY Heavy Industry Co., Ltd grows at a rate of over 50% annually. In 2012, SANY Heavy Industry’s operating revenue and net profit were 46.831 billion yuan and 5.686 billion yuan respectively. In the first half 2013, its operating revenue and net profit were 22.085 billion yuan and 2.651 billion yuan respectively. In July, 2011, 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. It became the unique company listed among the world’s top 500 companies in China’s construction machinery industry. At present, SANY Heavy Industry Co., Ltd is mainly involved in the R&D, manufacturing and sales of engineering machinery, with products as diversified as concrete machinery, excavator, truck cranes, crawler cranes, pile driving machinery, and road construction machinery. The leading products include the concrete pumps, truck mounted concrete pumps, concrete batching plants, asphalt batching plants, crawler cranes, truck cranes, rotary drilling rigs, compactors, pavers, graders, and so on. Now SANY’s concrete machinery, excavator, crawler crane, and rotary drilling rig have become the first brand in China. Market shares of trailer mounted concrete pumps, concrete pumps, and full hydraulic compactors stand first in the domestic market and the production of pump truck tops the world. In September 2002, SANY Heavy Industry Co., Ltd’s tailored super-high pressure concrete pump HBT90CH created a new world record when a single pump delivered C60 concrete vertically to a 406m height at the Hong Kong International Finance Center. In August 2013, this record was updated to 580m at the Shanghai Center by another SANY machine. Furthermore, the world’s first full-hydraulic motor grader, first third-gradation concrete pump and first bitumen-cement mortar mixer were all born at SANY Heavy Industry Co., Ltd. In 2007 and 2009, SANY Heavy Industry's self-developed 66m and 72m concrete pump trucks created Guinness World Records twice as the concrete pump with the longest boom. It demonstrated to the world that China became a leader in concrete pumping technology. On Sep 19th, SANY Heavy Industry's 86m concrete pump truck, which owns the longest boom in the world, successfully rolled off the production line. Once again, SANY has shown that there is no limit for SANY in concrete pumping technology. In 2012, SANY Heavy Industry’s acquisition of Putzmeister changed the competitive landscape in the global construction machinery industry.