Sany Heavy Equipment posts 13% revenue growth to RMB 6.65 bn in Q1 2026, net profit slips 18% amid margin squeeze

Bulletin Express05-20 18:23

Sany Heavy Equipment International Holdings Company Limited (Sany Heavy Equipment) reported unaudited results for the three months ended 31 March 2026.

Revenue rose 13.2% year on year to RMB 6.65 billion, driven by continued expansion in mining and logistics equipment and solid momentum in overseas markets. Despite the top-line growth, profitability weakened:

• Gross profit decreased 3.5% to RMB 1.38 billion as the product mix tilted toward lower-margin logistics equipment and raw-material costs for emerging businesses—such as silicon wafers, polysilicon and battery cells—climbed.

• Net profit fell 17.6% to RMB 523.77 million, while profit attributable to owners of the parent declined 19.8% to RMB 509.39 million.

• Profit before tax dropped 23.7% to RMB 626.77 million.

Management stated that efforts to enhance operational quality and efficiency continue, with an emphasis on high-quality development, overseas market penetration and shareholder value creation.

The disclosed figures are based on unaudited management accounts and are subject to further review.

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