Hong Kong – September 12, 2026 -- SANY Heavy Industry (600031.SH) reported first-half 2026 revenue of approximately $7.89 billion, up 19.49% year-on-year, with attributable net profit rising 9.13% to $838.887 million.
Second-quarter revenue growth outpaces first-half rate at 24.39%
Q2 revenue reached $4.328 billion, exceeding the H1 growth rate, while attributable net profit for the quarter climbed 16.93% to $473.108 million. Operating cash flow totaled $1.440 billion. As of June 30, total assets stood at $26.708 billion and equity at $13.576 billion.
Overseas sales account for 61.33% of core revenue, led by Africa's 47.66% surge
International revenue rose 21.82% to $4.724 billion, representing 61.33% of core business revenue. Africa posted the sharpest regional gain, up 47.66% to $790.234 million. The Americas grew 24.70% to $930.294 million, Asia and Australia rose 17.38% to $1.981 billion, and Europe expanded 12.68% to $1.022 billion.
Piling equipment sales surge 63.11% as all major product lines post growth
Piling machinery sales jumped 63.11% to $322.433 million, the company's fastest-growing segment. Excavation equipment sales rose 21.77% to $3.141 billion, concrete machinery increased 21.25% to $1.330 billion, lifting machinery advanced 8.22% to $1.245 billion, and road machinery grew 5.52% to $335.850 million.
Company shifts from product exports to localized overseas industrial operations
SANY said it is moving from exporting products to establishing localized industrial operations abroad, aligning sales, service, product development and operations closer to local markets. The company cited expanded global distribution channels and after-sales service networks, along with lean production processes, as drivers of the half-year results.
SANY outlined plans to advance globalization, digitalization and decarbonization strategies, reform its international organizational and R&D management structures, and strengthen product innovation to improve production, quality, profitability and competitiveness.