Sany Heavy Industry H1 2026 Revenue Up 19.7% to RMB 53.3 Billion
Sany Heavy Industry reported first-half 2026 revenue of RMB 53.306 billion, up 19.7% year on year, with net profit attributable to shareholders of RMB 5.69 billion, up 9.13%. Overseas revenue hit a record RMB 32.04 billion, up 21.82%, accounting for 61.33% of total revenue. The company cited strong global mining and infrastructure demand and rising market share.
On August 30, Sany Heavy Industry released its 2026 interim report. In the first half, the company achieved operating revenue of RMB 53.306 billion, up 19.7% year on year; net profit attributable to shareholders was RMB 5.69 billion, up 9.13%; and net profit excluding non-recurring items was RMB 4.682 billion, down 13.45%. In the second quarter, revenue reached RMB 29.359 billion, up 24.39% year on year, while attributable net profit was RMB 3.209 billion, up 16.93%.
The company said that during the reporting period, the global mining and infrastructure industries maintained high prosperity, and its global market share steadily increased, driving rapid revenue growth.
Overseas market revenue in the first half reached RMB 32.04 billion, up 21.82% year on year, a record high for the period, accounting for approximately 61.33% of total revenue. By region, Africa generated RMB 5.36 billion, up 47.66%, the strongest growth; the Americas contributed RMB 6.31 billion, up 24.70%; Asia-Australia recorded RMB 13.44 billion, up 17.38%; and Europe posted RMB 6.93 billion, up 12.68%. The gross margin for overseas business was 32.5%, up 1.32 percentage points year on year and 11 percentage points higher than the domestic market.
By product, excavating machinery sales reached RMB 21.306 billion, up 21.77%; concrete machinery revenue was RMB 9.022 billion, up 21.25%; crane machinery revenue was RMB 8.446 billion, up 8.22%; pile driving machinery revenue was RMB 2.187 billion, up 63.11%; and road machinery revenue was RMB 2.278 billion, up 5.52%.
The company is upgrading from "product export" to "industry going global," having established a channel system covering more than 500 overseas subsidiaries and agents, with a localization rate of overseas personnel exceeding 70%. The company continues to advance low-carbon and digital-intelligent transformation. During the reporting period, R&D investment was RMB 2.34 billion, 15 new energy products were launched, 37 lighthouse factories were completed and put into operation, and the industrial internet platform achieved real-time online connection of 19,000 devices.
As of the close on August 28, Sany Heavy Industry's share price stood at RMB 19.1, with a total market capitalization of RMB 173.4 billion.