SANY Heavy Industry Becomes China's Top Construction Machinery Company in Forbes Global 2000 List

SANY Heavy Industry: Leading the Way in Construction Machinery



In a remarkable achievement, SANY Heavy Industry has secured its position as the foremost manufacturer of construction machinery in China, as recognized in the Forbes Global 2000 list for 2025. This prestigious ranking places SANY at an impressive 956th globally, highlighting its significant impact on the industry. The list evaluates companies based on four critical criteria: sales, profits, assets, and market value, utilizing financial data from the last twelve months up to April 25, 2025.

Financial Highlights and Industry Leadership



For the reporting period recognized by Forbes, SANY Heavy Industry reported robust financial results, generating approximately $10.83 billion in revenue and $830 million in profits. The company’s assets were valued at around $21.08 billion, while its market capitalization reached $22.06 billion. This performance underscores SANY's strategic direction towards globalization, digitalization, and decarbonization, affirming its reputation as a leader in the heavy machinery sector.

According to SANY’s annual report for 2024, its primary revenue generators include excavators, concrete machinery, and cranes. Notably, their net cash flow from operating activities surged to $2.07 billion, marking an impressive year-on-year increase of 159.53%, showcasing improved operational efficiency.

SANY's commitment to shareholder value and transparent communication is evident, with a net profit attributable to shareholders reported at approximately $835.66 million for the fiscal year 2024, representing a year-on-year growth of 32%. This growth solidifies SANY Heavy Industry's financial resilience and strategic execution in a competitive marketplace.

Strategic Innovations Drive High-Quality Development



SANY Heavy Industry remains at the forefront of the machinery sector through innovation-led strategies. The company's international business revenue climbed to around $6.78 billion in the fiscal year 2024, reflecting a year-on-year increase of 12%, contributing nearly 64% to its total primary business revenue. In efforts to expand its production capacity, SANY has implemented advanced technologies, such as digital twins and process simulation, in its Lighthouse Phase II factory in Indonesia.

Furthermore, SANY has achieved notable sales in new energy products, totaling over $563 million, indicative of the company's commitment to environmentally friendly practices and resource efficiency.

SANY Heavy Industry's president, Xiang Wenbo, articulated, "This ranking is a recognition of our comprehensive strength on an international scale." He emphasized that SANY will continuously advance its strategies focusing on globalization, digitalization, and decarbonization, aiming to create greater value for customers worldwide while accelerating green innovations.

For more information about SANY Group, visit www.sanyglobal.com.

Topics Heavy Industry & Manufacturing)

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