SANY Heavy Industry (600031.SH) reported revenue of approximately USD 7.89 billion for the first half of 2026, representing a 19.49% year-on-year increase, while attributable net profit rose 9.13% to USD 838.887 million. The company continued to expand its international business during the period, with overseas revenue accounting for more than 61% of core business revenue.
Performance strengthened further during the second quarter, with revenue increasing 24.39% year on year to USD 4.328 billion, exceeding the growth rate recorded for the first half. Attributable net profit for the quarter rose 16.93% to USD 473.108 million. Operating cash flow for the first half reached USD 1.440 billion, while total assets stood at approximately USD 26.708 billion as of June 30, 2026.
SANY continued to optimise its global footprint during the period by expanding overseas sales channels and service networks, developing integrated equipment solutions tailored to specific application scenarios and strengthening its market presence across key regions. The company also advanced lean operating practices aimed at improving efficiency and supporting sustainable, high-quality growth.
Overseas revenue reached USD 4.724 billion, an increase of 21.82%, and represented 61.33% of core business revenue. Africa recorded the strongest regional growth, with revenue rising 47.66% to USD 790.234 million. Revenue from the Americas increased 24.70% to USD 930.294 million, while Asia and Australia grew 17.38% to USD 1.981 billion. Europe recorded a 12.68% increase, taking revenue in the region to USD 1.022 billion.
SANY’s major product categories also delivered broad-based growth during the first half. Piling machinery revenue surged 63.11% to USD 322.433 million, while excavation machinery increased 21.77% to USD 3.141 billion. Concrete machinery revenue rose 21.25% to USD 1.330 billion, lifting machinery grew 8.22% to USD 1.245 billion and road machinery increased 5.52% to USD 335.850 million.
Globalisation remains a central focus of SANY Heavy Industry’s growth strategy. The company is transitioning from a traditional product-export model towards more localised overseas operations, bringing sales, service, product development and operational capabilities closer to customers in individual markets. This approach is intended to strengthen responsiveness, improve service capabilities and support long-term international growth.
Going forward, SANY plans to continue advancing its globalisation, digitalisation and decarbonisation initiatives while reforming its overseas organisation and R&D management. The company will focus on product innovation, manufacturing efficiency, quality improvement, profitability and global competitiveness as it expands its presence across international markets. Through these efforts, SANY aims to provide smarter, more efficient and sustainable equipment and solutions for customers worldwide, supporting its vision of “Forging the Future Together.”
