On October 30, SANY Heavy Industry published its Q3 Financial Report. According to the report, Q3 witnessed an operating revenue of 19.15 billion RMB ($2.69 billion), up 19.4% year on year. The net profit attributable to shareholders of listed companies reached 1.30 billion RMB ($182 million), reflecting a notable 96.49% growth compared to the previous year.

In the first three quarters, SANY realized an operating income increase of 4.22% to 57.89 billion RMB ($8.14 billion). The net profit attributable to shareholders of listed companies rose to 4.87 billion RMB ($685 million), achieving a year-on-year increase of 19.66%. At the same time, the company reported a surge in net cash flow from operating by 151.74% to 12.38 billion RMB ($1.74 billion).

The substantial growth in the net profit attributable to shareholders of listed companies is primarily driven by increased sales revenue and reduced expense rate. The large growth in net cash flow from operating is largely attributed to higher operating profit, lower purchase costs, and improved net returns from subsidiaries, including SANY Auto Finance and SANY Financial Leasing.

In 2024, SANY has been dedicated to promoting its three strategies of “Globalization, Digitalization, and Decarbonization” while improving its operation capability, resulting in strong growth in sales revenue outside China. Looking ahead, SANY will stick to the operation principle of “high-quality development” under the guidance of “three strategies”. The company plans to intensify R&D and innovation efforts, driving a “high-end, intelligent and green” industrial transformation.