"China's construction machinery industry is basically bottoming out, wire drawing machine manufacturers may decline in the second half of the year, optimistic that the market will pick up early next year." On August 3, Sany Heavy Industry President Xiang Wenbo made a judgment on the trend of the industry.

As for the rumors about the company's layoffs and shortage of funds, Wenbo also clarified that the company has abundant cash flow and no layoffs plan.

At the same time, Xiang Wenbo said that due to the impact of the international economic situation, Sany Heavy Industries H-share IPO was suspended, but the company's overseas expansion was accelerating, straightening equipment, "the European debt crisis has given the company a good opportunity to hunt, we are negotiating new overseas acquisition projects."