This year, in the face of market challenges, SCMC has taken proactive actions, deeply cultivated and strengthened the "Four Business Concepts", accelerated the pace of innovation, broadened market paths, and promoted transformation and upgrading. A series of "combination punches" for tapping potential and creating efficiency have laid a solid foundation for the high-quality development of the enterprise.

The leasing service is stable and improving

As the world's largest tower crane rental company, Pangyuan Leasing has been continuously consolidating its leading position in global tower crane rental. It has established in-depth strategic cooperative relationships with large central enterprises such as China Railway and China State Construction, as well as important provincial enterprises such as Shaanxi Construction Engineering and Shaanxi Transportation Control. The total amount of the top ten projects that won the bid exceeded 140 million yuan. The market share and the ratio of collection to output value effectively increased. The accounts receivable decreased by 14%, and the production and operation have stabilized and improved. This year, we have carried out nearly 100-day after-sales service inspection campaigns for tower cranes in multiple provinces and cities, resolving difficult and hidden dangers for over 100 ongoing projects. The full life cycle management of tower crane products has won a good reputation in the market and set a new benchmark for after-sales service in the construction machinery industry.

Multiple industries are working in synergy

SCMC fully leverages its own resource endowment advantages and embarks on a new path of diversified industrial transformation and development. Focusing on the development direction of high-end, intelligent and green products, AI artificial intelligence technology is applied to optimize and upgrade the operating systems of pavers and tower cranes, achieving a transformation from multi-person joint operation to "individual control", and improving work efficiency. Relying on the rich application scenarios of coal mining of Shaanxi Coal Industry Group, the new energy rubber-tired vehicles for mining without tracks have been successfully put into use by many mining companies such as Caojiatan, Huangling and Pubai. Businesses such as steel structure and pavement engineering have been making simultaneous efforts and achieving growth against the trend.

The expansion of overseas markets has been accelerated

SCMC actively responds to the national "Belt and Road Initiative", setting up overseas institutions such as an office in Central Asia to accelerate the expansion of overseas markets. Cambodia's Pangyuan seized market opportunities. From January to April this year, its operating income increased by 91.97% year-on-year, and its total profit increased by 163.18% year-on-year, achieving the best performance in the same period of history. The 1,000-ton steel structure products produced by the Huangpi base in Pangyuan, Hubei Province, were successfully exported to the United States and received new orders from overseas customers in France and Australia. Reach consensus on cooperation in the export of construction machinery and equipment and cross-border infrastructure projects with Central Asian countries such as Uzbekistan and Kazakhstan; The SUM6200C paver was successfully delivered to overseas partners and others, achieving a new breakthrough in the in-depth operation of overseas markets.