#China #Construction Equipment #Changsha #SANY Heavy Industry #Forbes Global 2000

SANY Heavy Industry Recognized as Best Chinese Construction Equipment Manufacturer

In a remarkable achievement, SANY Heavy Industry (stock code: 600031.SS) has secured its position as the leading construction equipment manufacturer in China, as highlighted in the Forbes Global 2000 list for 2025. Ranking at a notable 956th position globally, this recognition underscores SANY's formidable presence in the industry and its commitment to excellence according to a comprehensive evaluation methodology adopted by Forbes.

Key Highlights of SANY's Success

The Forbes Global 2000 list is published annually and assesses companies based on four fundamental criteria: sales, profit, assets, and market value. The rankings reflect the financial performance data gathered from company reports leading up to April 25, 2025. For the assessed period, SANY reported impressive figures with a total revenue of $10.83 billion and a net profit of $830 million. Its total asset valuation reached $21.08 billion, while the market capitalization stood at $22.06 billion, marking a significant footprint in the global heavy machinery segment.

According to SANY's 2024 annual report, the company’s flagship products include excavators, concrete machinery, and cranes. There was a significant increase in operational efficiency, reflected in a net cash flow from operating activities that surged to $2.07 billion—a remarkable 159.53% increase from the previous year. Additionally, SANY affirmed its commitment to shareholder value, reporting attributable net profits of approximately $835.66 million for the year, which represents a robust 32% growth over the previous year.

Strategic Innovations Driving Growth

SANY Heavy Industry continues to stay at the forefront of the global machinery industry by focusing on innovation-driven strategies that emphasize globalization, digitalization, and decarbonization. In the fiscal year 2024, revenues derived from international operations totaled approximately $6.78 billion, reflecting a 12% increase from the prior year and comprising nearly 64% of the company's total revenue from core operations.

In addition to expanding production capacity at its Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved noteworthy sales with its new energy products, generating over $563 million. These initiatives are part of SANY's commitment to sustainability and resource-efficient operations, aimed at minimizing its environmental footprint while maximizing productivity.

Xiang Wenbo, the chairman of SANY Heavy Industry, expressed pride in the recent ranking, stating, "This recognition reflects our comprehensive strength on an international level." He emphasized that SANY will persist in pursuing its three core strategies of globalization, digitalization, and decarbonization, with the aim of generating greater value for clients globally and accelerating green innovations.

Conclusion

SANY Heavy Industry's acknowledgment as the top construction equipment manufacturer in China is not merely a badge of honor; it is a testament to the company’s vision, strategic execution, and dedication to innovation. As the construction machinery sector continues to evolve, SANY's commitment to excellence places it in a favorable position to lead the industry into a sustainable and technologically advanced future. For more comprehensive information on SANY Group's initiatives, visit their official website at www.sanyglobal.com.