SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64%

SHANGHAI, April 29, 2025 /PRNewswire/ -- SANY Heavy Industry (SANY) announced its 2024 results on April 19, reporting $10.88 billion in full-year sales and revenue, up 6.22% year-on-year. Net profit attributed to shareholders surged by 31.98% to $0.84 billion. As international revenue accounting for 64% of its core business revenue, the company continues to show its strong overseas growth.

The company reported a core business gross margin of 26.63% in 2024, marking a 0.47pp year-on-year increase. Among which, the hoisting machinery contributed the most to the growth, showing a 4.23pp increase compared to 2023. In 2024, the company's operating cash flow was $2.07 billion, a whopping 159.53% increase, compared with $0.80 billion in 2023.

Solid Core Business and Green Innovation

The earthmoving machinery, concrete machinery, and hoisting machinery contributed 76% of the full-year revenue, reporting $4.25 billion, $2.01 billion, and $1.83 billion accordingly. The road machinery performed strongly, posting a 20.8% year-on-year growth.

Staying committed to decarbonization, SANY continues to promote the development of clean technology. In 2024, the company applied 275 low-carbon patents and the low-carbon products generated $0.56 billion in revenue. In addition, SANY is driving forward the electrification of main machines, core spare parts, and power supply units. In 2024, the company launched over 40 electric products, with the sales exceeding 6,200 units.

International Revenue Hits New High

Prioritizing globalization efforts, SANY established production bases, R&D centers, marketing and service networks, and localized teams, enabling coordinated and efficient operations across all regions.

During 2024, the international core business revenue set a new high of $6.78 billion, an increase of 12.15% compared with $6.06 billion for 2023, and accounting for 64% of the total core business revenue. The company reported the international gross margin of 29.7%. The growth of international markets was primarily driven by the Asia and Australia regions, whose reported revenue was $2.88 billion, a 15.47% year-on-year increase. The African market boasted strong growth with the revenue surging by 44% to $0.75 billion. The Europe and America regions also showed stable growth of 1.86% and 6.64%, contributing $1.72 billion to $1.44 billion respectively.

"I'm proud of our achievements in the challenging yet opportunity-filled 2024. In 2025 we will deepen technological innovation, strengthen risk management, and enhance governance efficiency, contributing our corporate strength to global sustainable development," stated Xiang Wenbo, Chairman of SANY Heavy Industry.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64%

SHANGHAI, June 14, 2025 /PRNewswire/ -- Nestled along Sanmen Bay in the heart of China's "Golden Coastline," a waste-to-energy plant stands as a beacon of innovation and sustainability. Operated by SUS ENVIRONMENT—the world's largest provider of waste incineration technology and a top three global investor in waste-to-energy projects, this coastal facility has become the county's most unexpected tourist attraction.

Beyond its groundbreaking waste-to-energy technology and solutions, the plant is celebrated for its deep commitment to community engagement.

Cutting-Edge Technology for a Cleaner Future

The facility employs SUS ENVIRONEMNT proprietary high-calorific waste incineration technology, featuring a modular design that adapts to diverse waste. Emissions surpass the stringent EU Emission Standard, while wastewater is fully recycled within the plant. In 2024, these efforts earned it the title of Water-Saving Enterprise of Zhejiang Province.

Architecture in Harmony with Nature

Inspired by the surrounding landscape, the plant's design embodies the philosophy of "Mountains Integrate Waters," blending seamlessly with the coastal scenery. But its harmony with the environment extends beyond aesthetics—the facility also serves as an environmental education hub. Through interactive workshops and community events, it has redefined its role as a guardian of both nature and public awareness.

A Shared Space for Growth

The plant fosters a symbiotic relationship with the local community. Employees regularly engage with residents, sharing insights into sustainable living. By providing communal facilities such as basketball courts, the plant deepens its bond with the local community. "We love spending weekends here—sipping coffee, enjoying the view, and appreciating how the plant coexists with nature," one resident remarked.

For SUS ENVIRONMENT, every project is more than infrastructure—it's a commitment to a greener, more connected world.

About SUS ENVIRONMENT

SUS ENVIRONMENT is the global leading comprehensive environment provider. As of December 2024, SUS ENVIRONMENT has established 11 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed 89 waste-to-energy projects (low-carbon Eco-industrial parks), with a daily processing capacity nearly 120,000 tons of municipal solid waste and annual green power generation of approximately 18,000 GWh. Its equipment and technology are applied in 287 waste-to-energy plants across the world, comprising 532 incineration lines, with a daily capacity over 300,000 tons of municipal solid waste.

* Data from the Open Data of AVP Research (Total Design Scale)

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Guardians of the Ocean: SUS ENVIRONMENT's Pioneering Waste-to-Energy Plant by the Sea