Hong Kong – September 11, 2026 -- SANY Heavy Industry (600031.SH) posted H1 2026 revenue of approximately USD 7.89 billion, up 19.49% year over year, with attributable net profit rising 9.13% to USD 838.887 million.
Q2 growth outpaces first-half rate as overseas revenue crosses 61% of core business
Second-quarter revenue climbed 24.39% to USD 4.328 billion, exceeding the H1 growth pace, while attributable net profit for the quarter rose 16.93% to USD 473.108 million. Operating cash flow reached USD 1.440 billion. As of June 30, total assets stood at USD 26.708 billion and shareholders' equity at USD 13.576 billion.
Overseas revenue reaches USD 4.724 billion, up 21.82%, led by Africa's 47.66% surge
Overseas revenue accounted for 61.33% of core business revenue. Africa grew 47.66% to USD 790.234 million, the Americas rose 24.70% to USD 930.294 million, Asia and Australia increased 17.38% to USD 1.981 billion, and Europe advanced 12.68% to USD 1.022 billion.
Piling machinery segment surges 63.11% as all major product lines post gains
Piling machinery revenue jumped 63.11% to USD 322.433 million. Excavation machinery, the largest segment, rose 21.77% to USD 3.141 billion. Concrete machinery increased 21.25% to USD 1.330 billion, lifting machinery grew 8.22% to USD 1.245 billion, and road machinery rose 5.52% to USD 335.850 million.
SANY said it is shifting from product exports toward localized industrial operations overseas, moving sales, services, product development and operations closer to local markets. The company outlined plans to advance globalization, digitalization and decarbonization, reform overseas organization and R&D management, and strengthen product innovation to improve manufacturing quality, profitability and competitiveness.