SANY(SH:600031) Huan Qiu Wang·2025-10-29 07:00Core Insights - SANY Heavy Industry officially listed on the Hong Kong Stock Exchange on October 28, 2025, marking a significant milestone in its globalization process [1][3] - The company raised approximately $1.4 billion by issuing around 632 million H-shares at a price of HKD 21.30 per share, with 21 cornerstone investors subscribing to $759 million of the offering [3][4] - SANY is recognized as the third-largest construction machinery company globally and the largest in China, with a compound annual growth rate of 15.2% in overseas revenue from 2020 to 2024 [3][4] Company Strategy - The listing reflects strong market confidence in SANY's high-quality development and provides historic opportunities for expanding international financing channels [3][4] - SANY aims to leverage Hong Kong's position as a global financial hub to enhance connectivity with international capital markets and further its globalization strategy [4] - The company is committed to a strategy focused on globalization, digitalization, and low-carbon initiatives, with plans to launch over 40 new energy products in 2024, generating revenue exceeding $567 million [4]