Core Viewpoint - Sany Heavy Industry (06031.HK) plans to globally offer approximately 580 million H-shares, with a pricing range of HKD 20.30-21.30 per share, aiming to raise around HKD 119.26 billion in net proceeds from the offering [2][11]. Group 1: Offering Details - The company will offer 58.04 million shares in Hong Kong and approximately 522 million shares internationally, with the subscription period from October 20 to October 23, 2025, and the expected pricing date on October 24, 2025 [2]. - The cornerstone investors have agreed to subscribe for shares totaling approximately USD 758 million (or about HKD 58.99 billion) based on a mid-range price of HKD 20.80 per share [2][3]. Group 2: Company Overview - Founded in 1994, Sany Heavy Industry is a leading global player in the engineering machinery industry, focusing on the research, manufacturing, sales, and service of a full range of construction machinery products [4]. - According to Frost & Sullivan, Sany is the third-largest engineering machinery company globally and the largest in China, with products sold in over 150 countries and regions [4][5]. Group 3: Financial Performance - For the fiscal year 2024, the company reported a total revenue of RMB 783.83 billion, with overseas revenue contributing RMB 488.62 billion, accounting for 62.3% of total revenue [10]. - The company's net profit for 2024 was RMB 60.93 billion, reflecting a growth from RMB 46.06 billion in 2023 [10]. Group 4: Research and Development - Sany Heavy Industry has invested significantly in R&D, with a cumulative expenditure of RMB 18.168 billion, and maintains 21 R&D centers globally [9]. - The company has established two "lighthouse factories" certified by the World Economic Forum, showcasing its commitment to innovation and smart manufacturing [9]. Group 5: Global Expansion - The company has established eight overseas regions and 31 country-level platforms, employing 6,784 overseas staff to better understand local market needs [7]. - Sany's overseas sales network includes approximately 1,900 outlets and 425 dealers across about 100 countries, enhancing its global marketing and service capabilities [7][11].

Core Viewpoint - The Hong Kong IPO market is experiencing a surge with multiple companies, including SANY Heavy Industry, launching global offerings, indicating increased market activity and investor interest [2][3]. Group 1: SANY Heavy Industry IPO Details - SANY Heavy Industry plans to issue approximately 580 million shares globally, with 522 million shares for international offering and 58.04 million shares for public offering in Hong Kong [2]. - The offering price is set between HKD 20.3 and HKD 21.3, with an expected net fundraising of approximately HKD 11.926 billion, making it the third-largest IPO in Hong Kong this year [2]. - The funds raised will be allocated as follows: 45% for global sales and service network development, 25% for enhancing R&D capabilities, 20% for expanding overseas manufacturing and optimizing production efficiency, and 10% for working capital and general corporate purposes [2]. Group 2: Investor Participation and Company Background - The IPO has attracted 23 cornerstone investors, including Temasek, UBS, and BlackRock, with a total subscription amounting to approximately USD 758 million (around HKD 58.99 billion) based on the median offering price [3]. - Established in 1994, SANY Heavy Industry specializes in the R&D, manufacturing, sales, and service of a full range of construction machinery products, covering various segments [3]. - SANY is the third-largest globally and the largest in China in terms of cumulative revenue from core construction machinery products from 2020 to 2024, with products sold in over 150 countries [3]. Group 3: Financial Performance and Market Trends - Due to the downturn in the domestic real estate market and macroeconomic pressures, SANY's domestic revenue has been declining from 2022 to 2024, while overseas markets have become a growth engine with a compound annual growth rate of 15.2% [4]. - In the first four months of this year, SANY's revenue increased by 18.4% year-on-year to RMB 29.426 billion, with profits rising by 54.0% to RMB 3.476 billion [4].

三一重工股份有限公司 SANY HEAVY INDUSTRY CO., LTD. 股份代號 : 6031 （於中華人民共和國註冊成立的股份有限公司） 全球發售 獨家保薦人、保薦人兼整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 重要提示 重要提示：閣下如對本招股章程的任何內容有任何疑問，應尋求獨立專業意見。 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） 全球發售 全球發售項下的發售股份數目 ： 580,424,600股H股（視乎發售量調整權 以及超額配股權行使與否而定） 香港發售股份數目 ： 58,042,600股H股（可予重新分配） 國際發售股份數目 ： 522,382,000股H股（可予重新分配及視 乎發售量調整權以及超額配股權行使 與否而定） 最高發售價 ： 每股H股21.30港元，另加1.0%經紀 佣金、0.0027%證監會交易徵費、 0.00565%香港聯交所交易費及 0.00015%會財局交易徵費（須 ...

本公告僅作說明用途，並不構成收購、購買或認購證券的邀請或要約。本公告並非招股章程。 有意投資者於決定是否投資所提呈發售的H股前應閱覽三一重工股份有限公司（「本公司」）刊發 的日期為2025年10月20日（星期一）的招股章程（「招股章程」），以獲得下文所述有關全球發售 的詳細資料。發售股份的投資決定應以招股章程所載資料為唯一依據。本公司並無亦不會根據 《1940年美國投資公司法》（經修訂）登記。 除本公告另有界定者外，本公告所用詞彙與招股章程所界定者具有相同涵義。 就全球發售而言，中信里昂證券有限公司作為穩定價格經辦人（「穩定價格經辦人」）（或其聯屬 人士或代其行事的任何人士）可代表承銷商在香港適用法律及監管規定允許的範圍內或其他地 方作出超額分配或進行交易，以在上市日期後一段有限時間，以穩定價格經辦人、其聯屬人士 或代其行事的任何人士可能釐定的價格、金額及方式將H股市價穩定或維持在高於原本應有水 平。然而，穩定價格經辦人（或其聯屬人士或代其行事的任何人士）並無責任進行任何該等穩定 價格行動。而該等穩定價格行動一旦開始，(a)將由穩定價格經辦人（或其聯屬人士或代其行事 的任何人士）全權酌情進行並以穩定價格經辦人 ...