三一国际：1Q25 net profit surged 23% YoY, holding up better-than-feared-20250530

30 May 2025 CMB International Global Markets | Equity Research | Company Update SANY International (631 HK) 1Q25 net profit surged 23% YoY, holding up better-than-feared SANYI's net profit grew 23% YoY in 1Q25 to RMB635mn, delivering a set of better-than-feared results which marks the first quarterly profit growth (YoY) since 3Q23. The earnings growth in 1Q25 was driven by large port machinery, oil & gas equipment, overseas mining trucks and other emerging business. We believe that the results will ease con ...