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Revenue Up 15% to $6.24 Billion; Operating Cash Flow Up 20% to $1.42 Billion
SHANGHAI, Aug. 28, 2025 /PRNewswire/ -- On August 21, SANY Heavy Industry released its interim results for the first half of 2025. The company executed on its strategy of globalization, digitalization, and decarbonization, achieving balanced growth across scale, expansion, and profitability through continued product innovation and disciplined operations. Revenue reached $6.24 billion, a year-on-year increase of 14.96%; net income attributable to shareholders was $0.73 billion, up 46.00%; operating cash flow was $1.42 billion, an increase of 20.11%. Net income margin rebounded to 11.65%, up 2.50 p.p. compared to the same period last year. As of June 30, 2025, total assets stood at $21.54 billion, while net equity attributable to shareholders reached $10.30 billion.
Global Expansion and Continued Progress in Sustainability
In the first half of 2025, international revenue from the company's core businesses reached $3.69 billion, up 11.72%, accounting for 60.26% of total revenue. Sales in the Asia-Australia region rose 16.3% to $1.606 billion; Europe contributed $0.863 billion, up 0.66%; the Americas generated $0.71 billion, an increase of 1.36%; and Africa saw strong growth with revenue surging 40.48% to $0.509 billion.
Benefiting from factors such as a more optimized product structure, SANY's gross margin on international business reached 31.18% in the first half of 2025, an increase of 1.04 p.p.
The company also accelerated its renewable energy initiatives, launching over 30 environmentally responsible products during the period and securing 30 authorized low-carbon patents on core components. The service life of reinforced slewing reducers GS23 and GS27 surpassed 15,000 hours. The successful introduction of the 100-ton excavator slewing reducer addressed a technology gap in the ultra-durable excavator reducer segment.
Strengthening Core Businesses and R&D
SANY reported excavating machinery revenue of $2.45 billion, up 15.00% year-on-year. Revenue from concrete machinery reached $1.04 billion, down 6.49%, while hoisting machinery rose 17.89% to $1.09 billion. Piling machinery revenue increased 15.05% to $0.19 billion, and road machinery revenue surged 36.83% to $0.3 billion.
During the period, the company invested $0.3 billion in R&D and filed 246 patent applications (excluding software copyrights), of which 131 were invention patents.
Looking ahead, the company will continue to invest in innovation and modernizing operations, building a more resilient, competitive industry ecosystem while delivering sustainable growth and long-term value for shareholders.
Revenue Up 15% to $6.24 Billion; Operating Cash Flow Up 20% to $1.42 Billion
SHANGHAI, Aug. 28, 2025 /PRNewswire/ -- On August 21, SANY Heavy Industry released its interim results for the first half of 2025. The company executed on its strategy of globalization, digitalization, and decarbonization, achieving balanced growth across scale, expansion, and profitability through continued product innovation and disciplined operations. Revenue reached $6.24 billion, a year-on-year increase of 14.96%; net income attributable to shareholders was $0.73 billion, up 46.00%; operating cash flow was $1.42 billion, an increase of 20.11%. Net income margin rebounded to 11.65%, up 2.50 p.p. compared to the same period last year. As of June 30, 2025, total assets stood at $21.54 billion, while net equity attributable to shareholders reached $10.30 billion.
Global Expansion and Continued Progress in Sustainability
In the first half of 2025, international revenue from the company's core businesses reached $3.69 billion, up 11.72%, accounting for 60.26% of total revenue. Sales in the Asia-Australia region rose 16.3% to $1.606 billion; Europe contributed $0.863 billion, up 0.66%; the Americas generated $0.71 billion, an increase of 1.36%; and Africa saw strong growth with revenue surging 40.48% to $0.509 billion.
Benefiting from factors such as a more optimized product structure, SANY's gross margin on international business reached 31.18% in the first half of 2025, an increase of 1.04 p.p.
The company also accelerated its renewable energy initiatives, launching over 30 environmentally responsible products during the period and securing 30 authorized low-carbon patents on core components. The service life of reinforced slewing reducers GS23 and GS27 surpassed 15,000 hours. The successful introduction of the 100-ton excavator slewing reducer addressed a technology gap in the ultra-durable excavator reducer segment.
Strengthening Core Businesses and R&D
SANY reported excavating machinery revenue of $2.45 billion, up 15.00% year-on-year. Revenue from concrete machinery reached $1.04 billion, down 6.49%, while hoisting machinery rose 17.89% to $1.09 billion. Piling machinery revenue increased 15.05% to $0.19 billion, and road machinery revenue surged 36.83% to $0.3 billion.
During the period, the company invested $0.3 billion in R&D and filed 246 patent applications (excluding software copyrights), of which 131 were invention patents.
Looking ahead, the company will continue to invest in innovation and modernizing operations, building a more resilient, competitive industry ecosystem while delivering sustainable growth and long-term value for shareholders.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SANY Reports Strong First Half 2025 Results, Delivering Profitable Growth
Over 15,000 visitors to the INCHEON–IFEZ Booth; IFEZ supported a record 50 innovation companies participating in CES 2026.
Participating companies secure a foundation for global expansion, including 20 MoU signings.
INCHEON, South Korea, Jan. 16, 2026 /PRNewswire/ -- The Incheon Free Economic Zone (IFEZ) announced the successful operation of the INCHEON–IFEZ Booth at CES 2026, presenting IFEZ's future-city vision and the technologies of Incheon-based innovators to a global audience.
Under the theme "Destination Incheon — From Smart City to AI City," the booth highlighted a sustainable urban future enabled by Incheon companies' innovations and drew more than 15,000 visitors, according to IFEZ.
During CES 2026, IFEZ also met with the Fairfax County Economic Development Authority (FCEDA) to discuss support measures and collaboration models for helping Incheon startups enter the U.S. market. The two sides plan to develop practical joint programs through continued cooperation.
IFEZ supported a record 50 companies at CES 2026 across multiple participation tracks, dividing them across various exhibition areas: 10 companies in the 'INCHEON-IFEZ' Booth at the Las Vegas Convention Center, 10 in the Korea pavilion (KOTRA) at the Eureka Park, 6 in the Global Pavilion, and 15 as the Incheon Startup Park Delegation and 10 Innovation Award showcase participants.
These companies achieved record-breaking results, conducting 1,419 business consultations with overseas buyers and investors, with the estimated value of export consultations reaching $560 million—more than 400 additional meetings compared to last year. In addition, nine companies signed 20 MOUs, building momentum for global expansion and investment opportunities.
Leadpoint System, a smart manufacturing and industrial automation solutions provider, signed an MOU with Webtronic Labs, a U.S.-based technology R&D company.
emCT, which specializes in fire detection and safety management solutions, signed an MOU with Texas Legacy Realty, a Texas-based real estate development and operations company, to pursue collaboration on applying fire safety and "safe zone" solutions in commercial and residential buildings.
Medicell Healthcare, a regenerative medicine and bio-healthcare solutions company, signed an MOU with the City of Phoenix, Arizona's largest city, and discussed cooperation on technology collaboration and local proof-of-concept initiatives in public healthcare.
IFEZ said 14 supported companies earned 17 CES Innovation Awards, the highest total to date for Incheon, drawing strong interest from global buyers and investors. Deep Fusion AI received a Best of Innovation honor for its radar-based sensor-fusion AI technology, gaining attention in next-generation autonomous driving and robotic perception.
Mayor Yoo Jeong-bok said the CES participation advanced the Incheon–IFEZ AI City vision on the global stage and pledged continued support to expand Incheon companies' international reach and strengthen Incheon as a global business hub.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
INCHEON-IFEZ Booth Wraps Up a Successful CES 2026, Recording $560M in Export Consultations and 17 Innovation Awards
