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    Industrials

  3. •

    Agricultural - Machinery
Sany Heavy Industry Co., Ltd

Sany Heavy Industry Co., Ltd

600031.SS
Sany Heavy Industry Co., LtdCN flagShanghai Stock Exchange
19.47
CNY
+0.58
- -
163.58BMarket Cap
Sany Heavy Industry Co., Ltd
600031.SS
(Shanghai Stock Exchange)

Recent

price

19.47

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.47
6.69
6.18
4.9
3.98
3.31
3.06
5.01
7.22
9.25
11.93
12.69
9.56
8.74
9.26
10.49
9.94
Revenue per Share
0.74
1.14
0.75
0.38
0.09
- -
0.03
0.27
0.79
1.37
1.84
1.43
0.51
0.53
0.7
0.98
0.9
Basic EPS, GAAP
0.31
-0.64
0.12
0.07
-0.04
0.17
0.33
1.05
1.18
1.16
1
0.19
-0.19
0.14
1.4
2.01
-0.26
Free Cash Flow per Basic Share
0.19
0.14
0.54
0.41
0.26
0.18
0.12
0.1
0.22
0.33
0.47
0.66
0.54
0.3
0.35
0.72
0.46
Dividend per Share
1.33
2.37
2.76
2.86
2.81
2.98
2.79
2.98
3.59
4.64
5.99
6.8
6.82
7.15
7.61
7.9
7.87
Book Value per Share
1.36
2.45
2.59
2.61
2.6
2.73
2.46
2.86
3.69
5.46
6.56
7.2
7.23
7.56
8.05
9.92
8.23
Tangible Book Value per Share
7,599
7,587
7,581
7,621
7,626
7,087
7,620
7,656
7,735
8,243
8,388
8,423
8,452
8,467
8,462
8,550
8,463
Basic Weighted Avg Shares
33,955
50,776
46,831
37,328
30,365
23,470
23,280
38,335
55,822
76,233
100,055
106,873
80,839
74,019
78,383
89,700
84,103
Sales/Revenue/Turnover
21.37
21.63
15.71
9.52
7.37
6.9
6.02
13.09
15.88
18.75
18.47
12.65
6.1
9.04
9.9
12.45
11.19
Operating Margin (%)
522
718
1,233
1,510
1,730
1,898
2,095
1,913
1,914
2,010
1,890
2,062
2,568
3,120
3,541
3,511
- -
Depreciation Expense
5,615
8,649
5,686
2,904
709
5
203
2,092
6,116
11,326
15,435
12,033
4,290
4,527
5,956
8,408
7,617
Net Income, GAAP
11.16
13.26
12.64
10.3
23.26
- -
- -
22.37
16.51
14.69
14.41
11.04
8.88
13.36
11.8
14.33
12.81
Effective Tax Rate (%)
16.54
17.03
12.14
7.78
2.34
0.02
0.87
5.46
10.96
14.86
15.43
11.26
5.31
6.12
7.6
9.37
9.06
Profit Margin (%)
2,906
10,652
17,190
20,918
17,263
9,266
14,192
13,225
18,045
24,734
29,521
32,287
38,053
43,207
37,836
52,441
38,715
Working Capital
1,701
7,170
16,184
20,107
16,627
9,199
13,597
7,577
5,974
1,303
4,681
9,725
21,933
24,106
12,098
8,625
- -
LT Debt
11,919
20,754
24,613
25,009
24,741
24,399
23,453
26,373
32,660
48,423
58,397
65,095
66,094
69,162
73,002
89,431
74,603
Total Equity
37.78
32.16
14.76
6.65
3.55
- -
- -
9.27
18
22.13
22.97
15.35
4.88
5.75
6.93
9.26
9.72
Return on Invested Capital (%)
34.61
30.97
15.88
7.73
3.11
- -
- -
5.92
16.08
22.92
24.85
16.47
5.47
5.58
6.98
9.56
10.51
Return on Capital (%)
66.07
61.73
29.23
13.59
3.28
0.02
0.96
9.5
24.2
34.32
34.87
22.38
7.47
7.66
9.53
12.74
11.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
13,418
12,457
12,253
LT Borrowings
11,556
11,098
10,392
LT Finance Leases
542
791
771
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,475
8,475
8,475
Market Capitalization
139,475
161,383
151,905

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
101,505
103,121
103,068
Cash, Cash Equivalents & STI
31,446
32,649
32,438
Accounts Receivable, Net
25,517
26,780
28,144
Inventories
19,948
20,236
20,195
Total Current Liabilities
63,669
62,528
64,354
Payables & Accruals
- -
- -
- -
ST Debt
13,418
12,457
12,253
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.7%
9.14%
22.51%
Free Cash Flow
83.37%
98.96%
44.86%
Net Income, GAAP
523.51%
-1.63%
41.18%
Sales/Revenue/Turnover
17.16%
-1.13%
14.44%
Total Cash Common Dividend
29.03%
20.73%
109.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,830
21,230
19,300
20,023
78,383
2025
21,177
23,603
23,595
- -
89,700
2026
24,147
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
- -
- -
- -
0.7
2025
0.29
- -
- -
- -
0.98
2026
0.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.35
2025
0.02
- -
- -
- -
0.72
2026
0.01
- -
- -
- -
- -
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Business
Sany Heavy Industry Co., Ltd. (600031.SS) manufactures and sells construction machinery worldwide, including excavators, concrete pump trucks, cranes, road rollers, and piling rigs. Founded in 1994 and headquartered in Changsha, China, the company operates through six main segments: Concrete Machinery, which produces concrete pump trucks, trailer pumps, mixing trucks, and mixing stations; Excavation Machinery, offering large, medium, and small excavators; Hoisting Machinery, including truck cranes, all-terrain cranes, crawler cranes, and tower cranes; Pile-Working Machinery, such as rotary drilling rigs and pile drivers; Pavement Machinery, encompassing road rollers, pavers, graders, milling machines, and asphalt mixing plants; and Financial Services, providing mortgage loans, financial leasing, and interbank lending. Sany conducts business in Asia, Australia, Europe, North America, South America, Africa, and other international markets, with manufacturing bases and sales networks globally. In recent developments, Sany launched over 40 new energy product models in 2024, including electric excavators and mixers, generating RMB402.5 million in new energy revenue, as part of its decarbonization strategy aiming for 20% electric output by 2030. The company completed a Hong Kong IPO in late 2025, raising up to $1.6 billion to expand global sales and service networks, enhance R&D, increase overseas manufacturing, and support working capital, with cornerstone investors including Temasek, Hillhouse, UBS Asset Management, BlackRock, and Oaktree. Additionally, Sany formed a strategic partnership with Austria's Raiffeisen International Bank to advance financing for energy projects in Europe and advanced digitalization through AI-enabled simulation technologies showcased at the 2025 Global Simulation Conference.