Hong Kong – September 12, 2026 -- SANY Heavy Industry (600031.SH) posted first-half 2026 revenue of approximately $7.89 billion, up 19.49% year-on-year, with net profit attributable to shareholders rising 9.13% to $838.887 million.
Second-quarter growth outpaces first-half average as overseas sales accelerate
Q2 revenue climbed 24.39% to $4.328 billion, surpassing the first-half growth rate, while net profit attributable to shareholders increased 16.93% to $473.108 million. Operating cash flow reached $1.440 billion. Total assets stood at $26.708 billion and shareholders' equity at $13.576 billion as of June 30.
Overseas sales account for 61.33% of core revenue, led by Africa's 47.66% surge
Overseas revenue totaled $4.724 billion, up 21.82%, representing 61.33% of core business revenue. By region, Africa revenue grew 47.66% to $790.234 million, the Americas rose 24.70% to $930.294 million, Asia-Pacific and Australia increased 17.38% to $1.981 billion, and Europe gained 12.68% to $1.022 billion.
All major product lines post gains, with foundation equipment up 63.11%
Foundation construction machinery revenue surged 63.11% to $322.433 million. Excavator sales rose 21.77% to $3.141 billion, concrete machinery grew 21.25% to $1.330 billion, lifting equipment increased 8.22% to $1.245 billion, and road machinery rose 5.52% to $335.850 million.
Company shifts from product exports to localized overseas industrial operations
SANY is moving sales, service, product development and operations closer to local markets as part of its globalization strategy. The company said it is restructuring its overseas organizational and R&D management to strengthen product innovation, manufacturing, quality and profitability, while advancing globalization, digitalization and decarbonization initiatives.