SUMEC Ranks First in Operating Income Among Jiangsu Listed Companies in 2022

Recently, the annual reports of listed companies for 2022 have been released. According to data from iFind, SUMEC Corporation Limited (stock code: 600710) ranked first in operating income among listed companies in Jiangsu Province in 2022 with total revenue of 141.145 billion yuan.

This is SUMEC's second consecutive year ranking first in operating income among listed companies in Jiangsu Province, following its first-place ranking in 2021. This fully demonstrates the hard work and dedication of the people of SUMEC in focusing on high-quality development as their top priority. They have pushed the company to innovate and surpass on the "Qianyi Group" platform, steadily pursuing progress while maintaining a stable position, and achieving the hard goal of "maintaining stability at a high level, making progress while maintaining stability, and ultimately seeking progress with quality".

As a listed company under the State-owned enterprise China National Machinery Industry Corporation (Sinomach), SUMEC is committed to its strategic positioning of "building a digital-driven international industrial chain and supply chain, and becoming a benchmark enterprise that is focused on the domestic economy and features positive interplay between domestic and international economic flows". The company has accelerated the development that highlights domestic and international economic flows, technologically innovative development, independent brand development, green development, and digital development, proactively optimizing its business and market structure. This has led to the coordinated development and concurrent progress of the industrial chain and supply chain business, and its main operating indicators have grown against the trend. 

In 2022, SUMEC achieved a net profit attributable to the parent company of 916 million yuan, an increase of 19.4% year-on-year, and a three-year compound annual growth rate of 27.6%. Its operating income was 141.145 billion yuan with a three-year compound annual growth rate of 18.7%. In the first quarter of 2023, it achieved a net profit attributable to the parent company of 253 million yuan, a year-on-year increase of 17.5%.

In 2023, SUMEC will adhere to the twelve-word guideline of "seeking progress while maintaining stability, prioritizing quality, and emphasizing innovation." It will focus on its core business areas around the "five certainties", work hard to develop new markets, seize new opportunities, strive for new breakthroughs, and reach new heights. The company aims to repay the trust of its investors with solid performance, promote high-quality and sustainable development, and fully establish itself as a respected listed company in the eyes of investors.