SANY(600031) 证券日报之声·2025-05-09 04:40Core Viewpoint - SANY Heavy Industry is committed to high-quality development, focusing on global expansion, digital transformation, and low-carbon initiatives, while enhancing product quality and profitability [1][2] Company Performance - In 2024 and Q1 2025, SANY Heavy Industry reported significant year-on-year increases in revenue and net profit attributable to shareholders, indicating strong operational capabilities [1] - The company maintains the leading market share in domestic excavators and concrete machinery, with robust growth in international markets, particularly following the expansion of its "Lighthouse Factory" in Indonesia [1] Industry Outlook - The engineering machinery industry is entering a long-term technological upcycle, driven by the convergence of the Fourth Industrial Revolution and the Third Energy Revolution, with increasing applications for engineering machinery [1] - The domestic market is expected to recover due to rising demand in infrastructure investment, new urbanization, and mining projects, supported by policies like special long-term treasury bonds [2] Market Trends - The engineering machinery sector is gradually emerging from a downturn, with positive sales performance in Q1 2025, particularly in excavators, and a growing interest in non-excavator products in overseas markets [2] - SANY Heavy Industry's core product advantages remain strong, with excavators leading domestic sales for several years and a significant increase in global market share for lifting machinery [2]