SANY HEAVY IND (06031) made its market debut with shares priced at HK$21.30 each. The company issued 632 million shares, with each board lot comprising 200 shares, raising a net proceeds of approximately HK$13.307 billion. As of press time, the stock traded flat at HK$21.30, with a turnover of HK$564 million.

Founded in 1989, SANY Group is a global leader in the construction machinery industry. The company specializes in R&D, manufacturing, sales, and service of a full range of construction equipment, including excavators, concrete machinery, cranes, pile drivers, and road machinery. Based on cumulative revenue from core construction machinery products between 2020 and 2024, SANY ranks as the world's third-largest and China's top construction machinery manufacturer.

During its track record period, SANY's products have been exported to over 150 countries and regions. Overseas markets contributed 57.4% of its total revenue in the four months ending April 30, 2025. The company's equipment is trusted globally for its advanced technology and performance, having participated in landmark projects such as the Hong Kong-Zhuhai-Macao Bridge, London Olympic venues, Burj Khalifa, and Beijing Olympic venues.