#China #Hong Kong #Global Expansion #SANY Heavy Industry

SANY Heavy Industry Achieves Milestone with Dual Listing in Hong Kong

On October 28, 2025, SANY Heavy Industry officially commenced trading on the Hong Kong Stock Exchange, achieving a significant milestone in its quest for globalization. This dual listing, marked as ‘A+H’, follows its debut on the Shanghai Stock Exchange back in 2003. This strategic move lays the groundwork for further international growth and development for the company.

In this recent public offering, SANY issued approximately 632 million H shares, which included a 15% overallotment option. The shares were priced at 21.30 HKD each and attracted the attention of 21 prominent investors, including significant players like Temasek and BlackRock, raising a total of 759 million USD in capital. This strong support reflects growing confidence from the capital market in SANY’s future prospects.

The listing ceremony, held at the Hong Kong Exchanges and Clearing Limited (HKEX), saw representatives from the government, financial institutions, business partners, and SANY executives. Among them were Xiang Wenbo, the Chairman of SANY Group and the CEO of SANY Heavy Industry, who symbolically rang the opening bell to celebrate this occasion.

Xiang commented on this significant event, stating, "This listing reflects the robust confidence the capital market has in SANY's quality development and marks a historic opportunity for us to extend our international financing channels. Anchored by Hong Kong's position as a ‘superconnector’ for global capital, SANY will continue to create lasting value and contribute to a greener world through our strategies emphasizing globalization, digitization, and decarbonization."

SANY Heavy Industry has been steadily climbing the ranks within the global construction machinery sector. According to Frost & Sullivan’s analysis, SANY ranks third worldwide and first in China for construction machinery manufacturers based on cumulative revenue from 2020 to 2024. Notably, the company has been achieving an annual revenue growth rate of 15.2% in its international markets, establishing itself as one of the most internationally integrated entities in the industry.

In a world where technological advancements are rapidly evolving, SANY has established itself as a pioneer in digital and intelligent manufacturing techniques. The firm boasts two factories recognized as ‘Lighthouse Factories’ by the World Economic Forum (WEF), a testament to its commitment to innovation and efficiency.

Moreover, in its push towards a low-emission economy, SANY has launched over 40 new energy-efficient products in 2024, generating upwards of 567 million USD in additional revenue. This illustrates SANY's proactive approach to sustainability and reflects its strategic alignment with global environmental concerns.

The entry of SANY Heavy Industry onto the Hong Kong Stock Exchange is not merely a financial venture; it symbolizes a new dawn for the company. By leveraging its core business strategies, SANY is poised to deepen its ties with global capital markets and explore unprecedented avenues for international cooperation and expansion.

In conclusion, SANY Heavy Industry stands at a pivotal moment as it embarks on a new chapter of globalization, driven by the principles of innovation, environmental stewardship, and financial growth. This dual listing is set to propel SANY further into the international arena, helping it to realize its vision of becoming a world leader in the construction machinery industry.