High-quality development! Sany Heavy Industry released its 2025 semi-annual report!

On August 21, Sany Heavy Industry announced its 2025 semi-annual report.

In the first half of 2025, the construction machinery industry will continue to recover. Domestic demand has achieved comprehensive growth in domestic sales of core products such as excavation machinery, concrete machinery, and lifting machinery, driven by the issuance of ultra-long-term treasury bonds, the deepening of equipment renewal policies and the acceleration of new energy transformation. Overseas markets maintained high prosperity, especially in the fields of mineral development and energy infrastructure, and overseas sales further increased.

During the reporting period, the company's leading product market share maintained its leading position, cash flow and profitability continued to improve, and inventory and foreign payments maintained a good level. During the reporting period, the operating income was 44.534 billion yuan, up 14.96% year-on-year; net profit attributable to shareholders of listed companies was 5.216 billion yuan, a year-on-year increase of 46.00%; net cash flow from operating activities was 10.134 billion yuan, a year-on-year increase of 20.11%. Among them, the operating income in the second quarter was 23.485 billion yuan, up 11.43% year-on-year; net profit attributable to shareholders of listed companies was 2.745 billion yuan, a year-on-year increase of 37.76%. As of June 30, 2025, the company's total assets were 153.621 billion yuan, and the net assets attributable to shareholders of listed companies were 73.485 billion yuan.

High-quality development has been fruitful

During the reporting period, the company continued to deepen the strategy of "globalization, digital intelligence and low-carbon", achieved balanced development in the golden triangle of scale, growth rate and profitability through high-end product upgrading and lean operation management, and continued to consolidate the foundation of high-quality operation.

Profitability continued to rise: Due to the rapid growth of overseas sales and the promotion of cost reduction and efficiency measures, the company's profitability continued to improve, and the net profit margin rebounded to 11.65%, an increase of 2.50 percentage points year-on-year.

Rapid cash flow growth: In the first half of 2025, net cash flow from operating activities was 10.134 billion yuan, a year-on-year increase of 20.11%. The net present ratio is 1.92, maintaining excellent cash flow levels.

Stable management and control of operating risks: During the reporting period, the company paid great attention to operating quality and risk control, and adhered to the value sales policy. The overdue rate of the value of the company's main products is still controlled at a low level, and the scale and quality of the foreign payment are generally maintained at a good level.

The core competitiveness is solid

Among the subdivided products, in the first half of 2025, the sales revenue of Sany Heavy Industry excavation machinery will be 17.497 billion yuan, a year-on-year increase of 15.00%. the domestic market position ranked first, and the global market share steadily increased; the sales revenue of concrete machinery was 7.441 billion yuan, down 6.49% year-on-year, ranking first in the world; the sales revenue of lifting machinery was 7.804 billion yuan, an increase of 17.89% year-on-year. The overall domestic market share of crawler cranes exceeds 40%, and the market share of large and medium-sized crawler cranes ranks first in the country.All-terrain cranesThe overseas market share of off-road cranes has increased significantly; the sales revenue of pile construction machinery was 1.341 billion yuan, a year-on-year increase of 15.05%. rotary drilling ranks first in the domestic market share; the sales revenue of pavement machinery was 2.159 billion yuan, a year-on-year increase of 36.83%. The unmanned pallet press group has achieved large-scale delivery in 51 projects in 21 provinces, and set three records: "the largest scale", "the most duration" and "the most wide".

Globalization is accelerating

The company continues to implement the business strategy of "group-led, local operation, and service first", continuously optimizes global resource allocation, and continues to grow overseas revenue. In the first half of 2025, the company's main business achieved overseas sales revenue of 26.302 billion yuan, a year-on-year increase of 11.72%, and overseas revenue accounted for 60.26% of the main business income.

The revenue of each region is as follows: Asia and Australia were 11.455 billion yuan, an increase of 16.3%; 6.152 billion yuan in Europe, an increase of 0.66%; the Americas region was 5.065 billion yuan, an increase of 1.36%; 3.630 billion yuan in Africa, an increase of 40.48%.

Driven by multiple factors such as price increases in some products, continuous optimization of product structure, and effective cost reduction and efficiency improvement measures, in the first half of 2025, the gross profit margin of the company's main overseas business continued to increase to 31.18%, an increase of 1.04 percentage points from 30.14% in the same period last year, and the profitability of overseas markets improved quality and efficiency.

Actively promote digital and intelligent transformation

In the first half of 2025, the company will comprehensively promote intelligent manufacturing, R&D and production of intelligent products, and the construction of intelligent operation systems.

In terms of intelligent manufacturing, in January 2025, Beijing Pile Engineering Machinery Intelligent Factory was successfully selected as the first batch of "Excellent Smart Factories" announced by the Ministry of Industry and Information Technology. At the same time, the company has built a full-process digital manufacturing combat platform with the manufacturing operation management platform (MOM) as the "core" and the integration of WMS, APS, digital twin and other systems as the "intelligent brain" to realize the digitalization of the whole process. Through process intelligence and end-to-end data flow, flexible configuration and precise scheduling of people, machines and materials in production are successfully carried out.

In terms of intelligent products, we actively promote the transformation of scientific research achievements and are committed to creating leading intelligent products. Among them, the company's unmanned pallet press group set three records in the Beijing-Harbin Expressway project, the largest of the scale: 2 stalls and 10 pressures are fully unmanned to realize the continuous construction of asphalt pavement with full thickness; The longest duration: set a record of more than 480 hours of intelligent 24-hour continuous asphalt construction; The widest width: the road width of 25.25 meters is now the largest paving in the field of UAV swarms.

In terms of intelligent operation, we will continue to promote the collection of all and all elements of data, mine the value of data, so as to adjust the operation strategy and achieve the goal of improving overall operational efficiency and cost control. The company has real-time online access to 19,000 devices, 33,000 meters and 61,000 cameras, and systematically optimizes costs and energy consumption through data analysis and algorithm models. In 2025, the company's energy conservation and consumption reduction projects in the process of operation will save more than 32 million yuan in energy costs.

Lead the low-carbon transformation of the industry

The company continues to explore the road of low-carbon transformation of construction machinery, and gives full play to the leading role of the industry by taking advantage of its deep technology accumulation and first-mover advantages in the equipment manufacturing industry.

In terms of host product development, in the first half of 2025, the company will continue to improve the coverage of new energy products, and a total of more than 30 new energy products will be launched. Among them SY375EP electric excavator adopts mature and reliable hydraulic system and structural parts, and is equipped with a first-line permanent magnet synchronous electric drive system. As the preferred model for 37-ton mines, it is an efficient and reliable mining solution; SR275E electric rotary drilling rig integrates three modes: oil-electric hybrid, plug-in and pure electric, integrating electrification and intelligence, suitable for subway, building, plant and other pile foundation projects, and can handle soil layers, sandstone, mudstone, pebble layers and other geology.

In terms of core components and technology research, in the first half of 2025, the company obtained 30 authorized patents related to low-carbonization. A breakthrough has been made in the research on the main engine load spectrum of the SY375H cylinder, and the life of the enhanced slewing reducer GS23 and GS27 has exceeded 15,000 hours. The 100-ton excavator rotary reducer has been rolled off the production line, filling the gap in the ultra-high service life of the excavator reducer。

Remarkable achievements in R&D and innovation

In the first half of 2025, the company invested 2.162 billion yuan in R&D expenses, focusing on the strategy of "globalization, digital intelligence and low-carbonization" to maintain a high level of R&D investment.

In terms of patented inventions, 246 patents (excluding software copyrights) will be applied for in the first half of 2025, including 131 invention patents, accounting for 53%.

In terms of talent, the company attracts and retains talents through a sound incentive mechanism and multi-channel cooperation to ensure that R&D leads innovation. As of the first half of 2025, the company has 5,632 R&D personnel, of which 42% have a postgraduate degree or above.

At the same time, the company continues to improve its digital capabilities in trial production and R&D. At present, it has 4 field test sites and 5 trial production centers, focusing on building electrification and intelligent test capabilities, and has formed a complete forward R&D test system covering "components-systems-vehicles", with more than 1,550 test capabilities and more than 400 enterprise standards, achieving 90% test scenario coverage and significantly shortening the test cycle.

In the first half of 2025, the company released a number of innovative products, including concrete S+ series products, SY215E electric excavators, SAC2500E all-terrain cranes, and road C10+ series products.

In the future, Sany Heavy Industry will continue to promote the three major strategies of globalization, digital intelligence and low-carbonization, adhere to the development of new quality productivity, strengthen R&D and innovation capabilities, and unswervingly follow the road of high-quality development.