Influenced by the global financial crisis since 2008, the international market has been recovering slowly. However, Hunan Sunward Intelligent Machinery Co., Ltd. (Short Name: Sunward) has never stopped expanding and maintaining the overseas market. At the end of the year 2009, Sunward successfully cooperated with Brazilian largest automotive distributor—SHC Group, setting up more than 20 distribution outlets of Sunward branded machinery around Brazil so as to develop the markets in Brazil and South Africa. Looking forward to 2011, Sunward expects to get the returns from the placement of overseas market as the global economy keeps recovering.

In the first half of 2010, Sunward had a sales revenue of RMB1.45 billion Yuan, doubled that in the same period of 2009. The export experienced a year-on-year increase of 145.4% due to the warming up of the global market. In 2010, Sunward is about to sell nearly 2500 sets of forklifts, 500 sets for export and 2000 sets for domestic market. Referring to the forklift market in the coming year, the General Manager of Industrial Vehicle Department Mr. Zhou Junfeng said that Sunward expected to sell 4500 to 5000 sets of forklifts, 1000 sets for export and 3500 to 4000 sets for domestic market.

About Sunward

Hunan Sunward Intelligent Machinery Co., Ltd. (Short Name: Sunward, Stock Code: 002097) is a hi-tech listed company that integrates production, research and development. And it has become a famous enterprise in the construction machinery industry of China since its establishment on July 29, 1999.

The company has a registered capital of RMB 26.5 million, and total assets of over RMB 120 million. Among over 1700 employees, there are 52% who have college degree or above and over 30 masters, doctors, or post doctorates; and over 200 professional technical personnel. The company owns the First and the Second Sunward Intelligent Industrial Park, which cover 235 mu and 200 mu respectively. And it also owns the Wuxi Sunward Hydraulic Machinery Co., Ltd., which is exclusively invested by Sunward.