证券日报网讯12月12日，三一重工（600031）在互动平台回答投资者提问时表示，三一重工的出海业务 主要包括挖掘机械、混凝土机械、起重机械、桩工机械、路面机械等。目前公司在全球有240个直销网 点，419家经销商，覆盖全球超过150个国家和地区。 ...

证券日报网讯12月12日，三一重工（600031）在互动平台回答投资者提问时表示，公司已建立覆盖400 多家海外子公司、合资公司及优秀经销商的海外市场渠道体系。公司产品包括混凝土机械、挖掘机械、 起重机械、桩工机械、路面机械，广泛应用于城市化建设、矿山施工、市政工程等多个领域。公司的营 销渠道广泛、产品序列完整，资金充沛，有能力抓住全球市场的各类重大机会。 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问董秘，三一重工目前出海业务有哪些？有在海外 投资建厂或技术服务吗？ 三一重工（600031.SH）12月12日在投资者互动平台表示，三一重工的出海业务主要包括挖掘机械、混 凝土机械、起重机械、桩工机械、路面机械等。目前公司在全球有240个直销网点，419家经销商，覆盖 全球超过150个国家和地区。 ...

工程机械 2026 年度策略：国内外共振向上，重点关注海 外行业景气度复苏 20251202 摘要 2025 年前三季度工程机械板块收入增速超 10%，显著高于 2023 和 2024 年，主要得益于三季度国内 FY 收入端明显反转并实现正增长，利 润方面，净利率提高约一个百分点，经营杠杆提升盈利能力。 三一重工、徐工股价至 2025 年 10 月底涨幅接近 40%，三一重工受益 于国内业务毛利率提升，徐工受益于股权激励及矿山业务估值提升，中 联重科与柳工表现与自身利润增速匹配。 2026 年小型挖掘机销量预计保持 20%以上增速，受益于中央特别国债 资金支持的小型水利项目需求，中大型设备销量依赖地产复苏及西部大 基建等项目进度，总体预计明年挖掘机总销量增速约为 10-15%。 国债发行情况及地方政府专项债使用方向影响工程机械市场，新增万亿 特别国债支撑小型设备需求，但专项债多用于偿还旧账，限制中大型设 备需求，地产复苏与大基建项目进度对中大型设备有拉动效应。 预计 2026 年国内挖掘机市场与 2025 年相当或有所提升，长期来看， 机器替代人工趋势明显，中国挖掘机销量有望达到 40 万至 50 万台。 Q ...

资金流向方面，主力资金净流出1990.97万元，特大单买入323.14万元，占比1.52%，卖出651.82万元， 占比3.06%；大单买入3556.39万元，占比16.71%，卖出5218.67万元，占比24.52%。 11月26日，厦工股份盘中下跌2.14%，截至10:45，报3.66元/股，成交2.13亿元，换手率3.21%，总市值 64.93亿元。 厦工股份所属申万行业为：机械设备-工程机械-工程机械整机。所属概念板块包括：福建自贸区、低 价、小盘、国资改革、盾构机等。 截至9月30日，厦工股份股东户数4.96万，较上期增加16.77%；人均流通股35752股，较上期减少 14.36%。2025年1月-9月，厦工股份实现营业收入4.31亿元，同比减少23.30%；归母净利润-628.52万 元，同比减少183.68%。 分红方面，厦工股份A股上市后累计派现5.79亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 厦工股份今年以来股价涨38.11%，近5个交易日跌7.34%，近20日涨13.31%，近60日涨27.97%。 今年以来厦工股份已经7次登上龙虎榜，最近一次登上龙虎榜为11月18日，当日 ...

Core Insights - SANY Heavy Industry Co., Ltd. successfully listed on the Hong Kong Stock Exchange on October 28, 2025, under the stock codes 6031.HK and 600031.SH [2] - Ernst & Young acted as the reporting accountant, overcoming various pressures to ensure a smooth listing process, receiving high recognition for their efforts [2] Company Overview - SANY Heavy Industry is a leading global player in the engineering machinery sector, focusing on the research, manufacturing, sales, and service of a full range of construction machinery products, including excavators, concrete machinery, cranes, pile machinery, and road machinery [3] - Based on cumulative revenue from core engineering machinery products from 2020 to 2024, SANY Heavy Industry ranks as the third largest globally and the largest in China [3] - The company's products are sold in over 150 countries and regions worldwide, participating in significant global projects such as the Hong Kong-Zhuhai-Macao Bridge, London Olympic venues, Burj Khalifa, and Beijing Olympic venues [3]

Core Viewpoint - Sany Heavy Industry has officially listed on the Hong Kong Stock Exchange, raising approximately HKD 134.5 billion (around RMB 12.3 billion) through its IPO, marking its second listing after its debut on the Shanghai Stock Exchange in 2003 [1][2]. Company Overview - Sany Heavy Industry is a leading player in the engineering machinery sector, with products including concrete machinery, excavators, cranes, pile drivers, and road machinery. The company has achieved the highest cumulative sales of excavators globally for five consecutive years and ranks first in cumulative revenue for concrete machinery [5]. - The company plans to use the funds raised from the IPO to enhance its global sales and service network, increase brand awareness, expand overseas manufacturing capabilities, and optimize production efficiency [2][5]. Financial Performance - For the years 2022-2024, Sany Heavy Industry's projected revenues are RMB 808.39 billion, RMB 740.19 billion, and RMB 783.83 billion, with net profits of RMB 44.33 billion, RMB 46.06 billion, and RMB 60.9 billion respectively. The gross profit margins are expected to be 22.6%, 26.4%, and 26.7% [5]. - In the first half of this year, the company reported revenue of RMB 445.34 billion, a year-on-year increase of 14.96%, and a net profit of RMB 52.16 billion, up 46% year-on-year [5]. Market Context - The IPO coincides with a recovery in the domestic engineering machinery industry, which has been cyclical. The last upturn began in 2016 and ended in mid-2021, followed by a downturn until a gradual recovery began last year [6]. - The domestic demand for core products such as excavators and concrete machinery has increased, driven by long-term government bond issuance and policies for equipment upgrades [6][7]. Global Strategy - Sany Heavy Industry is advancing a strategy focused on globalization, digitalization, and low-carbon initiatives. According to a report, the company is the largest engineering machinery enterprise in China and the third largest globally based on cumulative revenue from core products from 2020 to 2024 [8]. - The company’s overseas revenue is projected to grow at a compound annual growth rate of 15.2% from 2022 to 2024, with overseas business accounting for over 60% of total revenue, which is higher than its peers [8]. Industry Outlook - The global engineering machinery market is expected to grow, with sales projected to reach USD 213.5 billion in 2024 and USD 296.1 billion by 2030. Key markets include North America, Asia-Pacific, Europe, and China [9]. - However, the industry faces challenges such as geopolitical factors affecting the business environment and uncertainties in global economic growth [9].

Core Points - Sany Heavy Industry successfully listed on the Hong Kong Stock Exchange on October 28, 2025, raising approximately HKD 134.53 billion through the issuance of 631.5988 million H-shares at a price of HKD 21.30 per share [4] - The IPO was highly oversubscribed, with a public offering subscription rate of 52.93 times and an international offering subscription rate of 13.96 times [4] - The company attracted 23 cornerstone investors who collectively subscribed for USD 758 million (approximately HKD 58.99 billion) of the offering shares [4] Shareholding Structure - After the IPO, the shareholding structure of Sany Heavy Industry includes Liang Wengen holding 2.59% directly and 29.42% through Sany Group, which has a total holding of approximately 31.40% [5][6] - Other A-share shareholders hold 61.67%, while H-share shareholders hold 6.94% [5][6] Company Overview - Founded in 1989, Sany Heavy Industry is a leading global player in the engineering machinery industry, focusing on the research, manufacturing, sales, and service of a full range of construction machinery products [6] - 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 [6] Stock Performance - As of midday trading, Sany Heavy Industry's stock price was HKD 21.84, reflecting a 2.54% increase, with a total market capitalization of approximately HKD 197.757 billion [7] - The stock opened at HKD 21.30, with a trading volume of 104 million shares and a turnover rate of 17.93% [8] IPO Underwriting Team - The main underwriting team for Sany Heavy Industry's IPO includes CITIC Securities as the sole sponsor and overall coordinator, along with several other financial institutions such as CICC, BOC International, and others [8]

Core Viewpoint - SANY Heavy Industry (06031) has successfully listed its shares at a price of HKD 21.30 per share, raising approximately HKD 13.307 billion through the issuance of 632 million shares, with the stock price increasing by 3.01% to HKD 21.94 at the time of reporting [1] Company Overview - Founded in 1989, SANY Group is a leading enterprise in the global construction machinery industry [1] - The company specializes in the research, manufacturing, and sales of a full range of construction machinery products, including excavators, concrete machinery, cranes, piling machinery, and road machinery [1] Market Performance - As of April 30, 2025, SANY Heavy Industry's revenue from overseas markets accounted for 57.4% of its total revenue, indicating strong international demand for its products [1] - The company's products have been sold in over 150 countries and regions worldwide, reflecting its global reach and customer trust [1]

Core Viewpoint - Sany Heavy Industry (06031) has officially listed its shares at a price of HKD 21.30 per share, issuing a total of 632 million shares, resulting in net proceeds of approximately HKD 13.307 billion [1] Company Overview - Founded in 1989, Sany Group is a leading enterprise in the global construction machinery industry, focusing on the research, manufacturing, sales, and service of a full range of construction machinery products including excavators, concrete machinery, cranes, piling machinery, and road machinery [1] - Based on cumulative revenue from core construction machinery products from 2020 to 2024, Sany is the third largest globally and the largest in China in the construction machinery sector [1] Market Presence - Sany Heavy Industry's products have been sold to over 150 countries and regions worldwide, with overseas market revenue accounting for 57.4% of total revenue for the four months ending April 30, 2025 [1] - The company's products are trusted by global customers, participating in several iconic global projects such as the Hong Kong-Zhuhai-Macao Bridge, London Olympic venues, Burj Khalifa, and Beijing Olympic venues [1]