Sany Heavy Industry is listed on the Hong Kong stock market, and the "A+H" dual platform anchors the new journey of globalization

Good "city" in pairs, start a new journey! On October 28, Sany Heavy Industry Co., Ltd. (6031. HK) was officially listed on the main board of the Hong Kong Stock Exchange. This is the first time since Sany Heavy Industry landed on the Shanghai Stock Exchange (600031. SH), marking the company's successful construction of the A+H dual-platform listing pattern.

In the morning, government leaders, partners, intermediaries and company management gathered at the Hong Kong Stock Exchange to attend the listing ceremony of Sany Heavy Industry to witness this historic moment. At 9:30, Xiang Wenbo, rotating chairman of Sany Group and chairman of Sany Heavy Industry, and Yu Hongfu, director of Sany Group and president of Sany Heavy Industry, sounded the opening gong on time in the trading floor. The crisp sound of gongs symbolizes that Sany Heavy Industry is standing at a new starting point, fully connecting with the international capital market with the help of Hong Kong's international financial center channels, and opening a new chapter in global development.

Xiang Wenbo said at the listing ceremony: "The listing of Sany Heavy Industry on the Hong Kong stock market is not only a "wish-get--you-go-get-your-wish" brought about by opportunities, but also a "get-what you want" after hard work. This is not only the capital market's recognition of Sany's high-quality development, but also a historic opportunity for Sany to open up broader international financing channels and embrace a larger international market. Sany will continue to promote the "three modernizations" strategy of globalization, digital intelligence and low-carbon with Hong Kong, and repay the trust and support of investors with continuous innovation and outstanding and stable performance, contribute to the construction of Hong Kong as an international financial center and inject Sany momentum into global sustainable development!"

Sany Heavy Industry's Hong Kong stock listing offered about 632 million H shares globally, and another 15% over-allotment rights at an issue price of HK$21.30 per share. The IPO introduced 21 cornerstone investors to subscribe for a total of US$759 million in offering shares, including Temasek, BlackRock, Infore Capital, Hillhouse, UBS Asset Management, LMR, RBC GAM, WT, Oaktree Capital, Ruiyuan Fund, Gao Yi, Jinglin, Baoyin, Ghisallo, Jane Street, Fenghe, Qube, Weichai Power, Dajia Insurance, Fast, Value Partners Fund, It fully demonstrates the strong confidence and high recognition of Sany Heavy Industry by the international capital market.

Since its establishment, Sany Heavy Industry has transformed and upgraded from a single category and a single country operation to a world-class construction machinery industry leader with diversified products and global operation through endogenous development, strategic acquisitions and joint ventures.

At present, Sany Heavy Industry is comprehensively promoting the three major strategies of "globalization, digital intelligence, and low-carbonization".

In terms of globalization, according to Frost & Sullivan's report, Sany Heavy Industry is the third largest construction machinery company in the world and the largest in China based on the cumulative revenue of core construction machinery products from 2020 to 2024. The company's products are exported to more than 150 countries and regions around the world, and from 2020 to 2024, the cumulative sales of excavators will rank first in the world, and the cumulative revenue of concrete machinery will rank first in the world. From 2022 to 2024, the company's overseas revenue will grow at a compound annual growth rate of 15.2%, leading the industry in global operation capabilities.

In terms of digital intelligence, Sany Heavy Industry empowers the whole process of manufacturing, operation and service through digital intelligence to achieve quality improvement and efficiency breakthroughs. Among them, the company focuses on advanced manufacturing technology, digitally upgrades its factories, and builds the world's leading manufacturing competitiveness. As of April 30, 2025, Sany Heavy Industry is the only enterprise in the global construction machinery industry with two World Economic Forum-certified lighthouse factories, namely Beijing Pile Crane Factory and Changsha No. 18 Factory, providing a reference for global manufacturing enterprises with a digital and intelligent development direction.

In terms of low-carbonization, Sany Heavy Industry has become one of the leading construction machinery companies in the world with the highest degree of low-carbonization. In 2024, the company's more than 40 new energy products will be successfully launched, including excavators, loaders, pump trucks,Mixer truck, cranes, etc., and the revenue from new energy construction machinery products is about RMB 4.025 billion, and the revenue contribution ratio significantly exceeds the global industry average. The company's sales of new energy products such as electric excavators, electric mixers, and electric dump trucks rank first in China.

Taking the listing of Hong Kong stocks as an opportunity, Sany Heavy Industry will further deepen its three core strategies, adhere to the globalization strategy, and better meet the needs of global customers; continue to promote digital and intelligent transformation and empower the company's competitiveness in an all-round way; Continue to practice the low-carbon strategy and build a sustainable future.

The wind is strong and the tide is surging, and you should sail through the waves; There is a long way to go, and we need to ride a horse. Let us witness together that Sany Heavy Industry is cutting the waves in the vast sea of the global economy and sailing towards a more brilliant tomorrow!