SANY(SH:600031) Zhi Tong Cai Jing·2025-08-29 09:48Group 1 - Sany Heavy Industry (600031.SH) plans to raise between $1 billion to $1.5 billion (approximately HKD 7.8 billion to HKD 11.7 billion) and aims to list on the Hong Kong Stock Exchange in September or October [1] - The company submitted its listing application to the Hong Kong Stock Exchange in May 2023, with CITIC Securities as the sole sponsor [1] - Sany Heavy Industry focuses on the research, manufacturing, sales, and service of machinery products including excavators, concrete machinery, cranes, pile machinery, and road machinery [1] Group 2 - According to Frost & Sullivan, Sany Heavy Industry is the third largest engineering machinery company globally and the largest in China based on cumulative revenue from core engineering machinery from 2020 to 2024 [1] - The company's products are sold in over 150 countries and regions worldwide, with overseas market revenue expected to account for 62.3% of total revenue in 2024 [1] Group 3 - Financially, Sany Heavy Industry achieved revenues of approximately CNY 80.839 billion, CNY 74.019 billion, and CNY 78.383 billion for the years 2022, 2023, and 2024 respectively [1] - The net profits for the same years were approximately CNY 4.433 billion, CNY 4.606 billion, and CNY 6.093 billion [1]