#China #Shanghai #revenue growth #Product Innovation #SANY Heavy Industry

SANY Heavy Industry Reports Strong Results for the First Half of 2025

SANY Heavy Industry has reported impressive results for the first half of 2025, showcasing a robust revenue growth driven by its strategic focus on globalization, digitalization, and sustainability. On August 21, the company announced its interim financial figures, revealing that its revenues surged to $6.24 billion, marking a 15% increase compared to the previous year.

Key Financial Highlights

The company reported substantial growth in several key financial metrics:

• - Revenue: Increased to $6.24 billion, representing 14.96% year-on-year growth.
• - Net Profit: Attributed to shareholders was $730 million, reflecting a remarkable 46% increase.
• - Operating Cash Flow: Rose by 20.11%, reaching $1.42 billion.
• - Net Margin: Improved to 11.65%, up 2.5 percentage points from the previous period.

By June 30, 2025, SANY's total assets came to $21.54 billion, with shareholders' equity at $10.3 billion.

International Expansion and Sustainable Practices

Notably, SANY's international operations experienced considerable growth, generating $3.69 billion from overseas activities, accounting for approximately 60.3% of total revenue. Revenue growth was significant across various regions:

• - Asia-Australia: Up 16.3% to $1.606 billion.
• - Europe: Contributed $863 million, a modest increase of 0.66%.
• - Americas: Achieved $710 million, up 1.36%.
• - Africa: Experienced the most significant growth, with revenue soaring by 40.48% to $509 million.

The company attributed its success to its optimized product structure, which yielded a gross margin of 31.18% in its international endeavors, reflecting an increase of 1.04 percentage points.

In addition to financial upsides, SANY accelerated its renewable energy initiatives by launching over 30 environmentally-friendly products and securing 30 patents for low-emission components. The lifespan of its reinforced swing reducers, the GS23 and GS27 models, exceeded 15,000 hours, showcasing the technological advancements made by the company, particularly with the introduction of a new 100-ton excavator swing reducer that addresses gaps in ultra-durable reducers for excavators.

Strengthening Core Business and Innovation Investment

For the six months ending in June 2025, SANY reported revenue for excavation machinery of $2.45 billion, reflecting a 15% year-on-year increase. In contrast, concrete machinery revenues fell by 6.49% to $1.04 billion, while lifting machinery saw a 17.89% increase, reaching $1.09 billion. Piling machinery revenues rose by 15.05% to $190 million, and road machinery generated $300 million, marking a 36.83% growth.

During this period, SANY invested $300 million in research and development, submitting 246 patent applications (excluding software copyrights), with 131 patent approvals for innovations.

Looking ahead, SANY intends to maintain its trajectory of investing in innovation and operational modernization, striving to build a more resilient and competitive industrial ecosystem while ensuring sustainable growth and long-term shareholder value.