SANY Heavy Industry reported first-half 2026 revenue of RMB 53.51 billion, a 19.49% year-on-year increase. Net profit attributable to shareholders rose 9.13% to RMB 5.69 billion, while profit after extraordinary items declined 13.45% to RMB 4.68 billion.

Segment performance was led by Excavating Machinery, which generated RMB 21.31 billion (+21.77%). Concrete Machinery delivered RMB 9.02 billion (+21.25%), Hoisting Machinery RMB 8.45 billion (+8.22%), Piling Machinery RMB 2.19 billion (+63.11%), and Road Machinery RMB 2.28 billion (+5.52%).

Overseas operations remained a key growth driver. External sales reached RMB 32.04 billion, up 21.82% and accounting for 61.33% of total industrial revenue. Gross profit rose 20.79% to RMB 14.95 billion, with margin improving to 27.94% (H1 2025: 27.64%).

Operating cash inflow slipped 3.62% to RMB 9.77 billion. Aggressive investment spending cut cash and cash equivalents to RMB 7.76 billion from RMB 14.91 billion at end-2025. Total assets expanded 4.53% to RMB 181.15 billion; net assets attributable to shareholders climbed 4.25% to RMB 92.08 billion.

R&D expenditure remained high at RMB 2.34 billion, supporting new energy product development and digital initiatives. Finance costs swung to a RMB 1.65 billion expense, driven by foreign-exchange losses.

No interim dividend was proposed. Post-period events include appointment of Ernst & Young Hua Ming LLP as sole auditor and the transfer of 22.74 million A shares into the 2026 Employee Stock Ownership Plan.

Management highlighted ongoing risks from policy shifts, global economic conditions, currency volatility and raw-material pricing.