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Review of Ten-year Development of CANNY Elevator (2010-2020)
Author:CANNY  Published :2020-04-16 Read:3616

On March 12, 2010, CANNY Elevator (002367), the first elevator stock on China's capital market, was officially listed, which became an important milestone in the development history of China's elevator industry. In the following ten years, CANNY Elevator achieved faster development and the company's strength continued to improve.


From 2010 to 2020, the total assets of CANNY Elevator increased from US$134 million to US$823 million, and its operating income increased from US$117 million to US$518 million.


From 2010 to 2020, CANNY Elevator invested in the construction of Internationally-leading equipment such as automated production lines, assembly lines, electrophoresis lines, and spraying lines, forming a modern manufacturing system composed of 4 manufacturing bases, with a total area of 1.41 million square meters, ranking first in China's elevator industry.


From 2010 to 2020, CANNY Elevator's average annual investment in technology R&D is higher than 3% of operating income, ranking first in China's elevator industry.


In December 2011, CANNY Elevator Technology Center was identified as "National Enterprise Technology Center" by the Chinese government.


In 2010, 2014, and 2017, CANNY Elevator successively completed the R&D of 7.0 m/s, 8.0 m/s, and 10.0 m/s super high-speed elevators. It is the first Chinese elevator brand to master this technology.


The World's Highest Elevator Test Tower with the Height of 288m


In 2012, CANNY Elevator's heavy-duty public transportation type escalator was installed in the Tianmenshan Mountain Tunnel in Zhangjiajie, and won the first place of "2015 Elevator World's Project of the Year” Award. It is the first Chinese project to receive this award.


In 2018, CANNY Elevator Lab passed the China National Accreditation Service for Conformity Assessment (CNAS) certification, and its testing capabilities are in line with international standards.


At present, CANNY has obtained a total of 1,218 patents authorized in China and 11 international PCT patents. CANNY has 9 types of elevator products, 29 series, and 168 specifications, and 6 types of elevator products, 6 series, and 64 specifications, which can cover various needs of the global market.


From 2010 to 2020, CANNY Elevator established more than 100 branches and service centers in China market and 66 sales service agencies in overseas markets to supply the products to more than 100 countries and regions.


Since its establishment, CANNY has sold and manufactured more than 250,000 elevators and escalators, far exceeding other Chinese brands. At the same time, the number of high-end projects of CANNY also ranks first in China's elevator industry: 579 high-speed elevators above 4 m/s; 3636 heavy-duty public traffic type escalators; CANNY also won the bid for 62 domestic rail transit lines and 22 foreign rail transit lines .


In December 2016, CANNY Elevator participated in the brand value evaluating activities led by the Chinese government for the first time, and ranked first in the industry on the "Chinese Brand Value Evaluation List" with a brand value of US$616 million. With a brand value of US$969 million in2018 and US$1,027 million in 2019, CANNY has consistently ranked first in China's elevator industry brand value.

CANNY brand value

In September 2017, "ELEVATOR" magazine fully researched and evaluated sales revenue, technical strength, brand influence, and internationalization index, and CANNY was ranked among the "Global Top10 Elevator Manufacturers" for the first time as Chinese elevator brand. Thereafter, in 2018 and 2019, CANNY Elevator maintained the Global Top10 position, and its brand influence has been increasing. The most authoritative journal in world-wide elevator industry "ELEVATOR WORLD" also released the Global Top10 list of the elevator industry in 2017 and 2018, which fully affirmed and consolidated the brand position and height of CANNY Elevator in the world.


Since its establishment in 1997, CANNY Elevator has donated more than US$10 million to charity, creating tens of thousands of job opportunities, as a widely respected Chinese brand.


In the future, CANNY Elevator will continue to enhance its strength, maintain close communication and cooperation with many domestic and foreign customers, and provide more high-quality products and services.

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