CMB International released a research report stating that SANY INT'L (00631) reported a 28% year-on-year increase in second-quarter net profit to RMB 663 million, which was in line with previously announced profit guidance. The firm has raised its earnings forecasts for 2025-27 by 2% to 5%, primarily due to expectations that the resilient logistics equipment business and increased contributions from emerging businesses and oil & gas equipment will be sufficient to offset weakness in the coal mining equipment business. Additionally, the company has demonstrated ideal cost control performance, and the firm has also lowered its sales and administrative expense ratio forecasts. CMB International reiterated its "buy" rating and raised the target price from HK$8.7 to HK$8.9.