SANY Heavy Industry (600031.SH, 06031.HK) revealed its financial results for 2025, reporting a revenue increase of 14.73 per cent year-on-year, totalling $12.49 billion. Net profit attributable to shareholders saw a significant rise of 41.18 per cent, reaching $1.18 billion. Net cash generated from operating activities stood at $2.80 billion, reflecting a 34.84 per cent increase from the previous year.All key segments showed positive growth. The excavator segment, SANY’s core business, grew by 13.73 per cent to $4.83 billion. Concrete machinery revenue rose by 9.53 per cent to $2.20 billion, while hoisting machinery revenue climbed 18.67 per cent to $2.18 billion. Road machinery saw a notable 25.18 per cent growth, generating $532 million, and piling machinery experienced the fastest growth, up 35.81 per cent to $392 million. Other segments collectively contributed $2.35 billion in revenue, marking a 13.28 per cent increase.SANY’s net profit margin improved to 9.5 per cent, an increase of 1.7 percentage points, demonstrating the strong quality of its earnings and robust operating cash flow. International operations were a significant growth driver, with revenue from global markets reaching $7.83 billion, up 15.14 per cent year-on-year, making up 64 per cent of total revenue. The Asia-Pacific region led this expansion, growing by 16.17 per cent to $3.34 billion, followed by Europe at $1.75 billion (up 1.50 per cent), the Americas at $1.56 billion (up 8.52 per cent), and Africa, which posted the strongest growth at 55.29 per cent, reaching $1.16 billion.SANY continues to expand its global research and development network, introducing 60 new products in 2025 for international markets. The company’s products are now sold in over 180 countries and regions.The company attributes its growth to strong demand from emerging markets, with stable performance in developed regions supported by a broader local operational footprint. Looking ahead, SANY plans to focus on globalisation, digitalisation, and decarbonisation, expanding its portfolio in renewable energy and intelligent equipment.