Group 1 - Temasek Holdings increased its stake in Sany Heavy Industry (06031) by 259.42 thousand shares at a price of HKD 23.5668 per share, totaling approximately HKD 61.137 million [1] - Following the increase, Temasek's total shareholding in Sany Heavy Industry is approximately 63.7134 million shares, representing a holding percentage of 10.09% [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 三一重工股份有限公司 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06031 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 631,598,800 | RMB | | 1 RMB | | | 631,598,800 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 631,598,800 | RMB | | | 1 RMB | | 631,598,800 | | 2. ...

Market Overview - The Hong Kong stock market experienced a rebound, with the Hang Seng Index reaching 26,123 points, up 188 points, or 0.73% [1] - The Hang Seng Technology Index reported 5,825 points, increasing by 39 points, or 0.68% [4] Sector Performance - The semiconductor sector led the market gains, with notable increases: SMIC (00981.HK) up over 3%, Hua Hong Semiconductor (01347.HK) up over 2%, and Shanghai Fudan (01385.HK) up over 1% [3] - The machinery sector also showed strength, with Weichai Power (02338.HK) rising over 11%, China National Heavy Duty Truck Group (03808.HK) up over 5%, and others like CRRC (01766.HK) and Sany Heavy Industry (06031.HK) up over 2% [3] New Listings - Four new stocks were listed on the Hong Kong market today, with Wangshan Wangshui-B (02630.HK) opening nearly 185% higher [3] - Conversely, three other new stocks faced declines, with Xiaoma Zhixing-W (02026.HK) down over 12% and Wenyuan Zhixing-W (00800.HK) also down over 12% [5][6] Investment Trends - There is a noticeable shift in market funding, with capital moving from previously high-performing tech stocks to traditional economic sectors and utility stocks, such as local banks, real estate, and high-dividend stocks like CLP Holdings and MTR Corporation [7] - The market is expected to be influenced by three key variables: the pace of Federal Reserve interest rate cuts, developments in US-China relations, and progress in China's domestic growth policies [7]

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY INDUSTRY CO., LTD. 三一重工股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6031） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而做出。 茲載列三一重工股份有限公司於上海證券交易所網站( www.sse.com.cn )刊登的公 告如下，僅供參閱。 承董事會命 三一重工股份有限公司 執行董事兼董事長 向文波 中國香港，2025年11月3日 於本公告日期，董事會包括(i)執行董事向文波先生及俞宏福先生；(ii)非執行董事 梁穩根先生及梁在中先生及(iii)獨立非執行董事伍中信先生、席卿女士及藍玉權 先生。 证券代码：600031 证券简称：三一重工 公告编号：2025-084 三一重工股份有限公司 关于回购公司 A 股股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大 ...

Group 1 - Schroders PLC increased its stake in Sany Heavy Industry (06031) by acquiring 48.2624 million shares at a price of HKD 21.6211 per share, totaling approximately HKD 1.0435 billion [1] - Following the acquisition, Schroders PLC's total shareholding in Sany Heavy Industry is approximately 48.2624 million shares, representing a holding percentage of 7.64% [1]

Core Viewpoint - Sany Heavy Industry (06031) has seen a significant shareholder transfer of stock valued at HKD 1.753 billion, representing 11.3% of its market capitalization, indicating potential shifts in investor sentiment and strategy [1] Financial Performance - For the first three quarters of 2025, Sany Heavy Industry reported a revenue of approximately CNY 65.741 billion, reflecting a year-on-year growth of 13.56% [1] - The net profit attributable to shareholders was around CNY 7.136 billion, showing a substantial increase of 46.58% year-on-year [1] - The basic earnings per share (EPS) stood at CNY 0.8455 [1]

香港联交所最新资料显示，10月31日，三一重工（600031）(06031)股东将股票由中信证券经纪香港转 入香港上海汇丰银行，转仓市值17.53亿港元，占比11.3%。 10月30日，三一重工公布2025年前三季度业绩，营业收入约657.41亿元，同比增长13.56%;归属于上市 公司股东的净利润约71.36亿元，同比增长46.58%;基本每股收益0.8455元。 ...

Core Viewpoint - The article provides an overview of the latest trends in investment and financing activities in the domestic market, highlighting key sectors and significant financing events. Group 1: Investment Overview - This week, there were 109 disclosed financing events in the domestic primary market, an increase of 12 compared to the previous week. Among these, 36 events disclosed financing amounts, totaling 4.786 billion RMB, with an average financing amount of 133 million RMB [7]. - The most active sectors in terms of financing events were intelligent manufacturing, artificial intelligence, and healthcare, with 21, 16, and 13 events respectively [9]. Group 2: Sector Highlights - In terms of disclosed financing amounts, artificial intelligence led with a total financing scale of approximately 1.055 billion RMB. Notably, the bionic robot developer "Wubai Intelligent" secured nearly 500 million RMB in Series A financing [9][10]. - The healthcare sector followed with a disclosed financing total of 670 million RMB, where the medical isotope developer "Nuclear Element Innovation" received 430 million RMB in Series A financing [10]. Group 3: Regional Distribution - The disclosed financing events were primarily concentrated in Jiangsu, Zhejiang, and Guangdong, with Jiangsu reporting 24 events, Zhejiang 19 events, and Guangdong 18 events [14][17]. Group 4: Stage Distribution - The stage distribution of the disclosed financing events showed that 81 were early-stage, 24 were growth-stage, and 4 were late-stage [17]. Group 5: Major Financing Events - The article mentions significant financing events, including the acquisition of 70% of the semiconductor packaging materials manufacturer "Huawei Electronics" by Huahai Chengke for 1.12 billion RMB [35][37]. Group 6: Active Investment Institutions - The most active investment institutions this week included CRRC Capital with 4 investment events, Shenzhen Capital Group with 3, and Legend Capital with 2 [24]. Group 7: IPO Highlights - A total of 8 companies were monitored for IPOs this week, with the highest market capitalization being "Sany Heavy Industry" at 212.898 billion HKD. All listed companies had previously received VC/PE or CVC investments [28][29].

Sany Heavy (600031.SS) Earnings Review Summary Company Overview - **Company**: Sany Heavy Industry Co., Ltd. (600031.SS) - **Market Cap**: Rmb186.6 billion / $26.2 billion - **Industry**: Construction Machinery Key Financial Results - **3Q25 Net Profit**: Rmb1.92 billion (+48% year-over-year) [1][20] - **Topline Revenue**: Rmb21.32 billion (+10% year-over-year), which was 3% below expectations [2][20] - **Gross Profit Margin (GPM)**: 28.2% (+0.6 percentage points year-over-year) [20] - **EBIT Margin**: 10.8% (+2.0 percentage points year-over-year) [20] - **Net Profit Margin (NPM)**: 9.0% (+2.3 percentage points year-over-year) [20] - **Free Cash Flow**: Rmb3.59 billion (+5% year-over-year) [20] Sales Performance - **Domestic Sales Growth**: +10% year-over-year, lower than industry average of 20%+ [2][20] - **Excavator Sales**: Shift towards smaller-sized excavators, with small-sized units growing +26% year-over-year, while medium and large units saw lower growth [2][20] - **Overseas Sales Growth**: Sustained at approximately +10% year-over-year, with notable growth in Africa (+53%), Europe (+27%), and South America (+32%) [20][21] Management Insights - **Domestic Demand**: Management expressed optimism about recovery in non-excavator demand and expects solid growth in cranes driven by wind power and electrification [20][21] - **Mining Equipment Outlook**: Anticipated strong sales growth over the next three years, supported by an expanding after-market business [20][23] - **Order Management**: Sany proactively turned down approximately 1,000 units of orders from channels redirecting excavators to overseas markets [20] Future Guidance - **Overseas Sales Target**: Management aims for +15% year-over-year growth in overseas sales over the next three years [20][23] - **Mining Equipment Sales Projection**: Expected to reach Rmb3.5 billion in 2026 and Rmb6 billion by 2028 [20][23] Risks and Considerations - **Market Conditions**: Potential fluctuations in construction activities both domestically and globally could impact performance [27] - **Raw Material Prices**: Changes in steel prices may affect gross profit margins [27] - **Currency Fluctuations**: Variations in the RMB against foreign currencies could influence overseas business profitability [27] Valuation and Rating - **Current Rating**: Neutral - **12-Month Price Target**: Rmb22.00, implying a P/E of 21.0x for 2025E [1][26] - **EPS Growth**: Projected CAGR of +21% from 2025E to 2027E [26] Conclusion Sany Heavy's recent performance reflects a mixed outlook with strong overseas growth and a cautious domestic market. Management's focus on expanding market share and improving operational efficiency positions the company for potential growth, albeit with inherent risks related to market dynamics and external factors.

Group 1 - The core point of the article is that SANY Heavy Industry (06031.HK) announced the release of its Q3 2025 report on October 31, 2025, and will hold a performance briefing on November 11, 2025, to address investor concerns [1] Group 2 - The company aims to provide a comprehensive understanding of its Q3 2025 operational results and financial status during the briefing [1] - The performance briefing is scheduled to take place from 10:00 PM to 11:00 PM on November 11, 2025 [1] - The announcement is intended to facilitate communication between the company and investors regarding key issues [1]