Sany Heavy Industry (600031) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 24,804,219 thousand, up 16.96% YoY; net income attributable to shareholders was RMB 2,314,199 thousand, up 20.62%.

• YTD revenue rose 18.81% to RMB 78,109,737 thousand, while adjusted net income attributable to shareholders declined 5.38% to RMB 6,724,224 thousand.

Financial highlights

• YTD total profit was RMB 9,328,265 thousand, up 11.06% YoY; net income attributable to shareholders was RMB 8,004,428 thousand, up 12.22%.

• YTD non-recurring gains totaled RMB 1,280,204 thousand, including RMB 1,098,077 thousand from financial asset and liability fair-value changes and disposals, and RMB 367,428 thousand in government grants.

• YTD operating profit was RMB 9,326,230 thousand versus RMB 8,392,531 thousand; finance expenses were RMB 2,263,506 thousand versus income of RMB 622,126 thousand in the prior-year period.

Key financial ratios and metrics

• YTD basic and diluted EPS were RMB 0.8748, up 3.50% YoY; weighted average ROE was 8.52%, down 1.17 percentage points.

• Total assets at September 30, 2026 were RMB 185,949,996 thousand, up 7.30% from year-end 2025; equity attributable to shareholders was RMB 94,249,042 thousand.