Sany Heavy Industry released its 2026 interim report. First-half net profit attributable to the parent was 5.69 billion yuan, up 9.1% year on year. Operating revenue was 53.31 billion yuan, up 19.7% year on year. Net profit attributable to the parent excluding non-recurring items was 4.68 billion yuan, down 13.5% year on year. Net operating cash flow was 9.768 billion yuan, down 3.6% year on year. In the second quarter, operating revenue was 29.26 billion yuan, up 24.6% year on year, and net profit attributable to the parent was 3.21 billion yuan, up 16.9% year on year. As of the end of the second quarter, total assets were 181.153 billion yuan, up 4.5% from the end of the previous year, and net assets attributable to the parent were 92.084 billion yuan, up 4.2% from the end of the previous year. The report noted that domestic market demand is recovering. Driven by urban renewal and new energy infrastructure projects, the industry is showing a trend of domestic demand bottoming out and repairing while external demand improves in both volume and quality. The penetration rate of electrified products is accelerating, and overseas market sales revenue performed well.
Sany Heavy Industry Co LtdFirst-half net profit up 9.1% and revenue up 19.7%, though core profit declined.
