#China #construction machinery #Changsha #SANY Heavy Industry #Forbes Global 2000

SANY Heavy Industry Achieves Top Recognition in Forbes Global 2000

On June 26, 2025, SANY Heavy Industry was honored as the premier manufacturer of construction machinery in China according to the prestigious Forbes Global 2000 ranking, placing 956th globally. This recognition is based on comprehensive evaluations that include revenue, profits, assets, and market value, derived from financial performance data up to April 25, 2025. SANY's leadership in the heavy machinery industry has again been validated, showcasing not only its stature but also its commitment to forward-thinking strategies such as globalization, digitization, and decarbonization.

Financial Performance That Strengthens Leadership Position

Throughout the evaluation period by Forbes, SANY Heavy Industry showcased impressive financial outcomes with revenues reaching $10.83 billion and profits amounting to $830 million. The company's assets were valued at a remarkable $21.08 billion, while its market capitalization stood at $22.06 billion. According to SANY's 2024 annual report, the most profitable products included excavators, concrete machines, and cranes. Notably, the company witnessed a significant surge in net cash flow generated from operating activities, amounting to $2.07 billion—a staggering increase of 159.53% compared to the previous year. This significantly reflects enhanced operational efficiency.

In line with its dedication to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million for the 2024 fiscal year, marking a 32% increase year-on-year. These figures underscore the company's financial resilience and strategic execution.

Strategic Innovations Driving High-Quality Development

SANY Heavy Industry remains at the forefront of industry innovations, propelled by strategies centered on innovation, globalization, digitization, and environmental sustainability. SANY's international sales for fiscal 2024 reached around $6.78 billion, a 12% increase from the previous year, contributing nearly 64% to the company's total revenue. The company has significantly enhanced production capabilities at its Lighthouse Phase II factory in Indonesia through advanced technologies such as digital twins and process simulation. Additionally, SANY achieved substantial revenue, exceeding $563 million, from new energy products, showcasing its commitment towards environmentally friendly and resource-efficient operations.

Xiang Wenbo, the president of SANY Heavy Industry, stated, "This ranking reaffirms our comprehensive strength on an international level." He emphasized that SANY would continue to advance its three core strategies of globalization, digitization, and decarbonization, aiming to create greater value for clients globally while accelerating green innovations.

For further information about SANY Group, please visit SANY Global.