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 net profit attributable to shareholders rising 9.13% to $838.887 million.
Second-quarter growth accelerates past first-half pace
Q2 revenue climbed 24.39% to $4.328 billion, outpacing the half-year average, while net profit rose 16.93% to $473.108 million. Operating cash flow reached $1.440 billion. Total assets stood at $26.708 billion as of June 30, with shareholders' equity at $13.576 billion.
Overseas sales now account for 61.33% of core revenue
International revenue reached $4.724 billion, up 21.82%. Africa led regional growth at 47.66% to $790.234 million, followed by the Americas at 24.70% to $930.294 million, Asia-Pacific and Australia at 17.38% to $1.981 billion, and Europe at 12.68% to $1.022 billion.
Excavation and piling equipment drive product-line gains
Piling machinery revenue surged 63.11% to $322.433 million, the fastest-growing segment. Excavation machinery rose 21.77% to $3.141 billion, concrete machinery increased 21.25% to $1.330 billion, lifting equipment gained 8.22% to $1.245 billion, and road machinery grew 5.52% to $335.850 million.
Company shifts from export model to localized overseas operations
SANY is restructuring its overseas organization and R&D management, moving sales, service, product development and operations closer to local markets rather than relying solely on product exports. The company stated its strategy centers on globalization, digitalization and decarbonization to strengthen product innovation, manufacturing quality and cost competitiveness.