Hong Kong – SANY Heavy Equipment International Holdings Company Limited (SANY INT’L, 00631) expects its unaudited net profit for the year ended 31 December 2025 to reach between RMB1.60 billion and RMB1.85 billion, signalling year-on-year growth of 49.8%–73.2%. The midpoint of the guided range implies 2024 net profit of roughly RMB1.07 billion.
Key drivers highlighted by the Board include:
1. Sharp reduction in impairment charges • 2024 results were dragged by a RMB470.40 million goodwill impairment linked to the oil and gas equipment unit and a RMB277.90 million write-down on properties for sale. • In 2025, goodwill impairment narrowed to RMB72.10 million, with no further write-downs on properties for sale.
2. Strategic focus on “globalisation, digital intellectualisation and low-carbonisation” • Revenue from large port machinery, power batteries and overseas mining trucks continued to expand during the period.
3. New contribution from lithium business • The Group completed the acquisition of a lithium business on 22 July 2024, adding an incremental revenue stream in 2025.
The figures are based on unaudited management accounts and have neither been audited nor reviewed by the Company’s external auditors. Final annual results will be released in accordance with Hong Kong Listing Rules.
Investors are advised to exercise caution when dealing in SANY INT’L securities.
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