Sany Heavy Industry - China's largest heavy machinery maker and key competitor to Caterpillar...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Sany Heavy Industry - China's largest heavy machinery maker and key competitor to Caterpillar (CAT) - posted Q3 income down 59% Y/Y, thanks to an 18% decline in sales. Also of note is an 83% jump in accounts receivable as customer payments slowed. Sany shares are off 40% Y/Y.