SANY(SH:600031) 3 6 Ke·2025-10-20 12:55Core Viewpoint - SANY Heavy Industry Co., Ltd. is set to launch its IPO on October 28, 2025, on the Hong Kong Stock Exchange, aiming to raise up to HKD 12.354 billion through the global offering of 580 million shares priced between HKD 20.3 and HKD 21.3 per share [1] Group 1: IPO Details - The cornerstone investors for SANY Heavy Industry's IPO include Temasek, Hillhouse Capital, and BlackRock, among others, with total subscriptions amounting to approximately USD 758 million (around HKD 5.9 billion) [1][2] - The company has already been listed on the A-share market, with its current stock price at CNY 22.49 and a market capitalization of CNY 190.6 billion [2] Group 2: Financial Performance - For the first half of 2025, SANY Heavy Industry reported revenue of CNY 44.53 billion, a 15% increase from CNY 38.74 billion in the same period last year, with a net profit of CNY 5.22 billion, up 46% from CNY 3.57 billion [8] - The company's revenue composition for 2024 shows that excavators contributed CNY 30.37 billion (38.8%), concrete machinery CNY 14.37 billion (18.3%), and cranes CNY 13.12 billion (16.7%) [6] Group 3: Historical Financial Data - SANY Heavy Industry's revenue for 2022, 2023, and 2024 was CNY 80.84 billion, CNY 74.02 billion, and CNY 78.38 billion, respectively, with gross profits of CNY 18.3 billion, CNY 19.6 billion, and CNY 20.9 billion [7] - The company’s profit margins have improved, with net profit margins for 2022, 2023, and 2024 at 5.5%, 6.2%, and 7.8%, respectively [6][7] Group 4: Dividend Information - SANY Heavy Industry declared dividends of CNY 3.8 billion, CNY 1.35 billion, and CNY 1.86 billion for the years 2022, 2023, and 2024, respectively, with a cash dividend of CNY 3.034 billion approved for the year ending December 31, 2024 [9]