三一重工通过聆讯 中信证券为独家保荐人

Core Insights - SANY Heavy Industry has passed the main board listing hearing of the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1] - From 2020 to 2024, SANY Heavy Industry ranks as the third largest engineering machinery company globally and the largest in China based on cumulative revenue from core products [1] Company Overview - Established in 1994, the company has evolved from a single product and single country operation to a world-class engineering machinery enterprise with diversified products and global operations [1] - The product line includes excavators, concrete machinery, and lifting machinery, along with customized solutions for various engineering scenarios [1] Global Strategy - SANY Heavy Industry actively implements a globalization strategy, with products sold in over 150 countries and regions [1] - By 2024, overseas market revenue is expected to account for 62.3% of total revenue, with growth rates surpassing the industry average [1] Research and Development - The company places significant emphasis on R&D, operating 21 research and development centers globally [1] - R&D expenses as a percentage of revenue exceed the industry average [1]