SANY INT'L (00631) announced its unaudited consolidated results for the three months ended March 31, 2026. The Group recorded revenue of RMB 6.651 billion, representing a year-on-year increase of 13.2%. Profit attributable to owners of the parent company was RMB 509 million, a decrease of 19.8% compared to the same period last year. The Group's net profit for the period declined relative to the prior year. The Board considers this change to be primarily attributable to the following factors during the period: the revenue proportion of products with a slightly lower gross profit margin in the logistics equipment business increased, leading to a decrease in the comprehensive gross profit margin for products; and the comprehensive gross profit margin for products in the emerging industries segment decreased due to rising prices of raw materials such as silicon wafers, silicon materials, and battery cells. During the period, the Group's revenue from mining equipment and logistics equipment products maintained rapid growth. Overseas market expansion continued to gain momentum, with overseas sales revenue achieving high-speed growth. Furthermore, the Group will continue to advance quality and efficiency improvements, adhere to high-quality development, and focus on enhancing corporate value and shareholder returns.
Comments