SANY Named Top Chinese Construction Machinery Firm in Forbes 2000

28 Jun 2025 CW Team

Impressive Financial Performance Drives Leadership Position

During the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion.

According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency.

Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 — a 32% year-on-year growth, further solidifying its financial resilience and strategic execution.

Strategic Innovations Fuel High-Quality Development

SANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue.

In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations.

Xiang Wenbo, Chairman of SANY Heavy Industry, stated: "This ranking is a recognition of our comprehensive strength at an international level." He further emphasized that "SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations."

SANY Heavy Industry (600031.SS) has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The prestigious list evaluates companies based on four key metrics: sales, profits, assets, and market value, with data calculated from the latest 12-month financial results as of April 25, 2025. This achievement underscores SANY's leadership credentials in the global heavy machinery industry, validating its forward-looking Globalization, Digitalization, and Decarbonization strategy and reinforcing confidence in its innovation-driven, high-quality growth.Impressive Financial Performance Drives Leadership PositionDuring the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion.According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency.Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 — a 32% year-on-year growth, further solidifying its financial resilience and strategic execution.Strategic Innovations Fuel High-Quality DevelopmentSANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue.In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations.Xiang Wenbo, Chairman of SANY Heavy Industry, stated: This ranking is a recognition of our comprehensive strength at an international level. He further emphasized that SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..