Sany Heavy Equipment International Holdings Company (631) Q3 2025 earnings summary

Executive summary

• Revenue and net profit grew significantly year-over-year for both the nine-month and three-month periods ended 30 September 2025.

• Strategic focus on globalization, digitalization, and low-carbonization drove growth, especially in large port machinery, oil & gas equipment, emerging industries, and overseas mining trucks.

• Acquisition of the lithium business in July 2024 contributed a new revenue stream.

• Quality and efficiency enhancements, along with strict cost control, improved gross profit margins in key segments.

Financial highlights

• Nine-month revenue reached RMB18,146.7 million, up 14.1% year-over-year; gross profit rose 10.7% to RMB4,331.2 million.

• Nine-month net profit increased 26.6% to RMB1,700.2 million; profit attributable to owners up 22.9% to RMB1,708.5 million.

• Three-month revenue was RMB5,910.1 million, up 14.7% year-over-year; gross profit up 11.2% to RMB1,432.5 million.

• Three-month net profit rose 14.1% to RMB406.0 million; profit attributable to owners up 16.0% to RMB414.1 million.

Outlook and guidance

• Overseas revenue and emerging business segments are expected to continue rapid development, establishing a second growth curve.

• Ongoing focus on high-quality operations, resource integration, and business structure optimization to enhance corporate value and shareholder returns.