香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED 三一重裝國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：631） 截至2023年12月31日止年度之年度業績公告 及 建議修訂組織章程細則 三一重裝國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱為「本集團」）截至2023年12月31日止年度之綜合年度業績，連同截至2022 年12月31日止年度之比較數字。該等年度業績已由本公司審核委員會（「審核委員會」）審 閱，該委員會僅由獨立非執行董事組成。 財務摘要 截至2023年12月31日止年度，本集團實現收入約人民幣20,277.9百萬元，較截至 2022年12月31日止年度約人民幣15,536.7百萬元上升約30.5%。該上升主要原因 是(1)智能化、電動化新產品持續滲透市場， ...

Investment Rating - Outperform the market [1] Core Views - The company is driven by both coal mining machinery and logistics equipment, with accelerated expansion into emerging industries such as robotics, lithium battery equipment, and oil fracturing equipment [4] - The company's coal mining machinery business is leading in electrification and intelligentization, with significant growth in revenue and market share [4] - The logistics equipment business is a top supplier in China, with a strong focus on electrification and international market expansion [4] - Emerging businesses, including robotics, lithium battery, and oil equipment, show promising growth potential [4] Company Overview - The company is a leading manufacturer of coal mining and logistics equipment in China, with a strong focus on intelligent and electrified products [11] - The company has a dual-driven business model, combining coal mining machinery and logistics equipment, while actively expanding into new industries [12] - The logistics equipment business is one of the most advanced in China, offering a wide range of products for port operations [13] - The company has been acquiring core assets from its parent group to expand into robotics, lithium battery, and oil equipment industries [14] - The company is controlled by Liang Wengen, who holds a significant stake in the parent group, Sany Group [15] - The company has experienced rapid revenue growth, with a CAGR of 44.3% in revenue and 48.6% in net profit from 2017 to 2022 [16] - The company's overseas sales have surged, with international revenue accounting for 27.2% of total revenue in 2022 [20] Coal Mining Machinery - The coal mining machinery industry remains highly active due to sustained coal demand and the push for intelligent transformation [21] - The company's coal mining machinery revenue grew by 73.1% in 2022, driven by intelligent and electrified products [29] - The company is a leader in intelligent coal mining equipment, with a market share of over 80% in intelligent tunneling machines [30] - The company is accelerating the launch of new energy and large-tonnage mining vehicles, with significant growth in overseas sales [32] Logistics Equipment - The logistics equipment business is benefiting from the trend of smart ports, with steady growth in revenue [35] - The company is a leader in electrified logistics equipment, with a 265% increase in electric product sales in 2022 [38] - The company has secured significant overseas orders, including a large-scale project with PSA in Singapore [40] Emerging Businesses - The robotics business has developed a comprehensive product system and successfully entered overseas markets [42] - The lithium battery equipment business was strengthened through the acquisition of Sany Technology Equipment, marking the company's entry into the lithium battery equipment market [47] - The oil equipment business was expanded through the acquisition of Sany Petroleum Technology, with a focus on the oil fracturing market [49] - The company has entered the photovoltaic and hydrogen energy equipment sectors, with significant potential for future growth [53] Financial Projections - The company is expected to achieve a net profit of 2.27 billion, 2.93 billion, and 3.42 billion yuan in 2023, 2024, and 2025, respectively [55] - The company's EPS is projected to be 0.71, 0.92, and 1.07 yuan for 2023, 2024, and 2025, respectively [55] - The company's valuation is based on a PE multiple of 8-10x for 2024, with a target price range of 8.11-10.14 HKD [55]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED （於開曼群島註冊成立之有限公司） 三一重裝國際控股有限公司 （股份代號：631） 內幕消息 截至2023年9月30日止九個月及截至2023年9月30日止三個月的 未經審核財務數據 摘要 本公告乃由三一重裝國際控股有限公司根據上市規則第13.09(2)條及香港法例第 571章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則）作出。 截至2023年9月30日止九個月 — 期間未經審核綜合收入約為人民幣15,836,777,908元，較2022年同期的約人 民幣11,600,372,777元增加約36.5%。 — 期間未經審核綜合毛利約為人民幣4,308,415,189元，較2022年同期的約人民 幣2,700,975,831元增加約59.5%。 — 期間未經審核綜合溢利淨額約為人 ...

2023 中期報告 2023 INTERIM REPORT Interim Report 2023 中期報告 目錄 | 財務摘要 | 2 | | --- | --- | | 公司資料 | 3 | | 董事長報告書 | 5 | | 管理層討論與分析 | 7 | | 權益披露 | 14 | | 企業管治及一般信息 | 25 | | 中期簡明綜合損益表 | 30 | | 中期簡明綜合全面收益表 | 31 | | 中期簡明綜合財務狀況表 | 32 | | 中期簡明綜合權益變動報表 | 34 | | 中期簡明綜合現金流量表 | 35 | | 中期簡明綜合財務資料附註 | 36 | 財務摘要 | | 截至6月30日止六個月 | | | | --- | --- | --- | --- | | （人民幣：千元） | 2023年 | 2022年 | | | | （未經審核） | （未經審核） | 增長(%) | | 收入 | 10,839,188 | 7,631,742 | 42.0 | | 毛利 | 2,831,941 | 1,815,289 | 56.0 | | 稅前利潤 | 1,440,602 | 1,023,968 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED 三 一 重 裝 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：631） 截至2023年6月30日止六個月之中期業績公告 三一重裝國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至2023年6月30日止六個月的未經審核簡明綜合中期業績。 財務摘要 截至2023年6月30日止六個月，本集團實現收入約人民幣10,839.2百萬元，較截至2022 年6月30日止六個月的約人民幣7,631.7百萬元增加約人民幣3,207.5百萬元，增長約 42.0%。該等增加乃主要由於(1)智能化、電動化新產品持續滲透市場，使得本集團綜 採、寬體車、小港機及大港機產品收入大幅增加；(2)國際市場拓展成效顯著，國際銷 售收 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED 三 一 重 裝 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） 631 （股份代號： ） 內幕消息 截至2023年3月31日止三個月的未經審核財務數據 摘要 本公告乃由三一重裝國際控股有限公司根據上市規則第13.09(2)條及香港法例第 571章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市規則）作出。 — 期間未經審核綜合收入約為人民幣5,438,236,000元，較2022年同期的約人民 幣4,115,646,000元上升約32.1%。 — 期間未經審核綜合毛利約為人民幣1,330,265,000元，較2022年同期的約人民 幣869,789,000元上升約52.9%。 — 期間未經審核綜合溢利淨額約為人民幣646,782,000元，較2022年同期的約人 ...

Financial Performance - Revenue for 2022 reached RMB 15,536.7 million, a 52.4% increase compared to 2021[21] - Net profit for 2022 was RMB 1,669.1 million, up 27.5% year-over-year[21] - Gross profit margin remained stable at 23.4% in 2022, consistent with 2021[21] - Sales exceeded RMB 10 billion in 2022, setting a new historical record[23] - The company achieved a revenue of RMB 15,536.7 million in 2022, a year-on-year increase of 52.4%, with a net profit of RMB 1,669.1 million, up 27.5%[31] - Revenue for the year ended December 31, 2022, reached approximately RMB 15,536.7 million, a 52.4% increase compared to RMB 10,194.6 million in 2021, driven by the rapid market introduction of intelligent and electrified products and significant international market expansion[40] - Gross profit for 2022 was approximately RMB 3,628.3 million, with a gross margin of 23.4%, remaining stable compared to 2021[43] - Net profit attributable to owners of the parent company increased by 32.2% to approximately RMB 1,664.9 million in 2022, up from RMB 1,259.1 million in 2021[49] - Adjusted profit attributable to owners of the parent company increased by 50.2% to approximately RMB 1,664.9 million in 2022, compared to RMB 1,108.6 million in 2021[51] - The pre-tax profit margin for 2022 was 12.4%, a decrease of 1.7 percentage points compared to 14.1% in 2021, primarily due to the absence of gains from the sale of Xinjiang Sany in 2022[48] Market Share and Industry Leadership - Market share of comprehensive excavation products exceeded 60%, maintaining industry leadership for 14 consecutive years[23] - The company's mining equipment business exceeded RMB 10 billion in sales, with a 6-fold increase over 5 years[32] International Expansion - Overseas sales revenue increased by 101.5% in 2022, accounting for 27.2% of total revenue[32] - Overseas sales revenue for tunneling machines surged by 247.6%, and wide-body vehicle sales revenue grew by 135.9%, marking a significant breakthrough in international market promotion[38] - The company signed over 100 equipment orders with PSA Group, including cranes, electric stackers, and electric container trucks, marking its largest overseas crane project[39] Research and Development - R&D expenses in 2022 amounted to RMB 860.0 million, a 14.5% increase year-on-year[32] - R&D expenses increased by 14.5% to approximately RMB 860.0 million in 2022, focusing on intelligent, electrified, and internationalized product development[45] Automation and Smart Mining - The company secured its largest-ever automation order worth nearly RMB 1 billion for 42 fully automated rail-mounted gantry cranes[24] - Established intelligent excavation demonstration projects in Guizhou and Shanxi, achieving significant advancements in smart mining[26] - The company's smart mining equipment achieved over 300,000 kilometers of unmanned driving, with an overall operational efficiency of 88%[35] - The company signed orders worth nearly RMB 1 billion for automated rail-mounted gantry cranes[36] - The company delivered 14 automated rubber-tired gantry cranes to Tianjin Port, setting a new operational efficiency record[36] New Energy and Electrification - Expanded into the new energy equipment sector through the acquisition of Sany Technology Equipment, focusing on R&D and manufacturing of new energy battery equipment[20] - The SKT105EC electric wide-body vehicle, featuring a battery-swapping solution, entered customer trials, becoming the industry's first integrated mining battery-swapping solution[37] - The company's electric products, including electric stackers and electric container trucks, have been deployed in 22 provinces in China and exported to markets such as Singapore, New Zealand, and India, with cumulative sales exceeding 500 units[37] - The company aims to achieve full coverage of electric product lines, including electric mining trucks, electric wide-body vehicles, and electric port machinery[116] Financial Position and Assets - The company's total assets and net assets as of December 31, 2022, were RMB 24,953.3 million and RMB 10,103.8 million, respectively[31] - Total assets increased to RMB 24,953.3 million in 2022, up from RMB 20,785.1 million in 2021, with a debt-to-asset ratio of 50.9% (51.4% in 2021)[52] - Accounts receivable and notes receivable increased by 46.6% to RMB 8,740.9 million in 2022, driven by higher sales revenue[53] - Interest-bearing bank and other borrowings totaled RMB 3,645.4 million in 2022, primarily for potential capital investments and acquisitions[54] - Net operating cash inflow increased to RMB 1,084.4 million in 2022, up from RMB 922.8 million in 2021, due to strengthened collection efforts[55] - Net investment cash inflow was RMB 639.2 million in 2022, compared to a net outflow of RMB 296.0 million in 2021, mainly due to reduced purchases of financial products[56] - Inventory turnover days decreased by 11.4 days to 94.0 days in 2022, reflecting improved inventory management[57] - Trade receivables turnover days decreased by 15.8 days to 172.7 days in 2022, driven by value-based sales and enhanced collection[57] - The company's property, plant, and equipment amounted to approximately RMB 4,065.9 million as of December 31, 2022[111] Shareholder and Dividend Information - The company declared a final dividend of HKD 0.19 per ordinary share, totaling HKD 602,849,872 based on 3,172,894,062 shares as of February 28, 2023[86] - The company has 479,781,034 unexercised convertible preference shares, entitling holders to a priority distribution of approximately HKD 96,388 and a final dividend of HKD 0.19 per share, totaling HKD 91,158,396[88] - The company's distributable reserves, including the share premium account, amounted to approximately RMB 4,335.4 million as of December 31, 2022[91] - The company's share capital changes during the year ended December 31, 2022 are detailed in the financial statements[92] - The company's share option plan has a maximum limit of 304,102,500 shares, representing 10% of the issued shares as of December 12, 2017, and 9.6% as of the report date[95] - The number of shares issuable upon exercise of all options under the share option plan and other plans was 79,803,575 shares as of December 31, 2022, representing 2.5% of the issued share capital[95] - Total unexercised stock options as of December 31, 2022, amounted to 89,749,181 shares, with 16,870,218 options forfeited or canceled during the year due to performance issues, policy violations, or employee terminations[96][99] - The exercise price for stock options granted on December 29, 2021, was set at HKD 7.39 per share, based on the closing price of HKD 7.47 per share on the day before the grant date[96][98] - The company's stock incentive plan, adopted on December 3, 2019, aims to provide eligible participants with ownership interests and retain key employees by offering additional incentives tied to performance targets[100] - For stock options granted in 2021, 30% will vest if 2022 revenue grows by 70% or net profit increases by 45% compared to 2020, and an additional 40% will vest if 2023 revenue grows by 100% or net profit increases by 70% compared to 2020[98] - The weighted average closing price before the exercise date of stock options was HKD 8.06[99] - The company granted a total of 11,613,671 restricted shares to selected employees in 2022, with 2,101,264 shares becoming invalid under the share incentive plan[106][107] - As of December 31, 2022, the number of restricted shares available for future grants was 287,475,449, accounting for 9.1% of the company's issued share capital[103] - The share incentive plan has a remaining term of approximately 6 years and 8 months as of the report date[103] - The company issued 10,720,876 new shares under the share incentive plan, representing 0.34% of the weighted average number of ordinary shares issued[107] - The trustee subscribed for a total of 6,757,329 new shares in 2022, with no shares purchased from the secondary market[107] - The maximum number of restricted shares that can be granted to a single participant is limited to 1% of the company's issued share capital as of the adoption date[103] - The share incentive plan will remain in effect for a period of 10 years from the adoption date, subject to control changes or early termination events[103] - The closing share prices before the grant dates were HK$5.03 (December 18, 2020), HK$9.87 (September 2, 2021), HK$7.71 (June 8, 2022), and HK$8.13 (November 16, 2022)[107] - The weighted average closing share price before the vesting dates was HK$7.685[107] Customer and Supplier Information - The top five customers accounted for approximately 10.4% of the company's total sales, with the largest customer contributing about 4.2% of total sales[108] - The top five suppliers accounted for approximately 15.2% of the company's total procurement, with the largest supplier contributing about 5.8% of total procurement[108] Strategic Goals and Market Focus - The company plans to accelerate its digital, electrification, and internationalization transformation strategies to seize market opportunities[114] - The company will focus on international markets, particularly in Indonesia, India, and Africa, to establish benchmark mining projects and strengthen its presence in the logistics equipment sector[116] Risks and Dependencies - The company is highly dependent on the Chinese economy, with a significant portion of its revenue coming from sales in China[117] - Fluctuations in steel and other raw material prices pose a risk to the company's production and profitability[118] - The company relies on third-party suppliers for certain components, and any disruptions in supply could impact manufacturing schedules and profitability[119] - The company benefits from certain government incentives in China, but future changes in these incentives could adversely affect its business[120] Corporate Governance and Leadership - Wu Yuqiang, aged 58, was appointed as an independent non-executive director on November 5, 2009, and currently serves as the executive director and CFO of Kingsoft Corporation Limited, a company listed on the Hong Kong Stock Exchange[72] - Pan Zhaoguo, aged 61, was appointed as an independent non-executive director on December 18, 2015, and serves as the chairman of the Audit Committee and Remuneration Committee, as well as a member of the Nomination Committee and Strategic Investment Committee[73] - Pan Zhaoguo holds extensive experience in regulatory, corporate finance, and governance, and serves as an executive director, vice president, and company secretary of Huabao International Holdings Limited (Stock Code: 336)[74] - Hu Jiquan, aged 65, was appointed as an independent non-executive director on December 11, 2016, and is a researcher (professor) and doctoral supervisor at Wuhan University of Technology, specializing in port logistics technology and equipment[75] - Hu Jiquan has led multiple national and provincial key projects, developed port machinery series products, and holds over 20 invention and utility model patents[76] - Zhu Xiangjun, aged 39, served as the CFO and co-company secretary from September 12, 2016, until his resignation as CFO on September 12, 2022, and has 14 years of experience in financial accounting, cost control, and risk management[78] - Tang Ziwei, aged 44, was appointed as CFO on September 12, 2022, and has held various financial management roles at Sany Heavy Industry since joining in September 2008[79] - Yu Lianghui, aged 46, serves as the company secretary and has extensive experience in accounting and corporate services, holding degrees from the University of Toronto and the University of London[80] - The company's executive directors have service agreements with initial terms of three years[129] - The company has received annual independence confirmations from all independent non-executive directors[132] - The company's senior management (excluding directors) have salary ranges from HKD 0 to HKD 2,500,000[134] - The company's directors did not waive any remuneration during the fiscal year ending December 31, 2022[135] - The company's major shareholder, Sany Hong Kong, holds 2,578,228,722 shares, representing 81.51% of the voting rights[146] - Mr. Liang Wengen, the ultimate controlling shareholder, holds a 56.38% interest in Sany BVI, which in turn holds 100% of Sany Hong Kong's issued share capital, giving him an effective 81.86% voting interest in the company[147] - As of December 31, 2022, the company had issued 3,162,987,143 ordinary shares[147] - Mr. Qi Jian, a director, holds 6,746,706 shares, representing 0.21% of the issued voting shares[140] - Mr. Fu Weizhong, a director, holds 3,961,596 shares, representing 0.13% of the issued voting shares[140] - Mr. Tang Xiuguo, a director, holds 3,462,000 shares through spousal interests, representing 0.11% of the issued voting shares[140] - Mr. Xiang Wenbo, a director, directly holds 2,858,000 shares, representing 0.09% of the issued voting shares[140] - Mr. Tang Xiuguo holds 869.58 shares in Sany BVI, representing 8.70% of its issued share capital[143] - Mr. Xiang Wenbo holds 795.04 shares in Sany BVI, representing 7.95% of its issued share capital[143] Employee and Supplier Relations - Total contributions to retirement plans for the year ended December 31, 2022, amounted to RMB 60.2 million, up from RMB 38.2 million in 2020[150] - The company conducts multiple employee satisfaction surveys annually in its mainland China operations[123] - The company has adopted share option and share incentive plans to reward employees for their contributions to growth and development[123] - The company maintains long-term relationships with suppliers and ensures they meet quality and ethical standards[124] - The company is committed to providing first-class products and services to customers, with a focus on innovation and customer satisfaction[125] - The company emphasizes environmental protection, resource conservation, and compliance with environmental regulations[126] - The company's subsidiaries in mainland China operate in compliance with relevant laws and regulations[127] Agreements and Transactions - The company signed an administrative services agreement with Sany Group, with annual caps of RMB 15,976,400, RMB 21,179,600, and RMB 28,334,500 for the years ending December 31, 2023, 2024, and 2025, respectively[153] - The automation machinery sales agreement with Sany Group had an annual cap of RMB 1,024,520,000 for the year ended December 31, 2022, with actual transactions reaching RMB 701,069,000[154] - The new 2023 automation machinery sales agreement with Sany Group has annual caps of RMB 495,080,000, RMB 465,080,000, and RMB 414,690,000 for the years ending December 31, 2023, 2024, and 2025, respectively[156] - The deposit service framework agreement with Sanxiang Bank has a recommended annual cap of RMB 800,000,000 for daily deposit balances and a maximum annual interest of RMB 40,000,000 for the years ending December 31, 2021, 2022, and 2023[157] - The actual daily deposit balance under the deposit service framework agreement reached approximately RMB 570,000,000, with interest earned of approximately RMB 17,717,000 for the year ended December 31, 2022[158] - The equipment sales and leasing framework agreement with Sany Group had an annual sales cap of RMB 1,478,419,000 for the year ended December 31, 2022[159] - The financing lease and guarantee agreement under the equipment sales and leasing framework had an annual cap of RMB 1,299,559,000 for the year ended December 31, 2022, in case of lessee default[159] - Actual transaction amount for equipment sales under the sales agreement in 2022 was RMB 1,393,625,000, within the annual limit[160] - Actual transaction amount for financing guarantees and equipment repurchase under the financing lease and guarantee agreement in 2022 was RMB 1,120,999,000, within the annual limit[160] - Proposed annual caps for the 2023 sales agreement: RMB 1,802,000,000 for 2023, RMB 1,850,000,000 for 2024, and RMB 1,900,000,000 for 2025[160] - Proposed annual caps for the 2023 financing lease and guarantee agreement: RMB 1,621,800,000 for 2023, RMB 1,665,000,000 for 2024, and RMB 1,710,000,000 for 2025[161] - Annual caps for logistics agency services: RMB 25,860,000 for 2023, RMB 35,160,000 for 2024, and RMB 48,100,000 for 2025[163] - Total rental payments under the master lease agreement in 2022 amounted to RMB 8,100,000[165] - Expected value of the right-of-use asset to be

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY EQUIPMENT INTERNATIONAL HOLDINGS COMPANY LIMITED 三 一 重 裝 國 際 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：631） 截至2022年12月31日止年度之年度業績公告 三一重裝國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱為「本集團」）截至2022年12月31日止年度之綜合年度業績，連同截至2021 年12月31日止年度之比較數字。該等年度業績已由本公司審核委員會（「審核委員會」）審 閱，該委員會僅由獨立非執行董事組成。 財務摘要 截至2022年12月31日止年度，本集團實現收入約人民幣15,536.7百萬元，較截至2021年 12月31日止年度約人民幣10,194.6百萬元上升約52.4%。該上升主要原因是(1)智能化、 電動化產品快速投入市場，使得本 ...