Leading global heavy machinery manufacturer SANY Heavy Industry (SANY) reported its H1 2023 financial results on August 30. Its operating revenue is down by 0.38% to 39.496 billion yuan ($5.44 billion), while the net profit attributable to shareholders of listed companies increased by 29.07% to 3.4 billion yuan ($468.3 million). The net cash flow from business activities was 402 million yuan ($55.37 million).

In Q2 2023, SANY's operating income was 21.709 billion yuan (US$ 2.99 billion), a 10.93% increase year-on-year; the net profit attributable to shareholders of listed companies reached 1.888 billion yuan (US$ 260 million), up 80.81% year-on-year.

SANY has enhanced its international competitiveness and achieved a historic leap of performance growth – the international sales revenue in H1 2023 amounted to 22.466 billion yuan (US$ 3.09 billion), a sharp increase of 35.87% year-on-year accounting for 56.88% of total operating revenue.

As SANY continues to evolve its global business composition, the company is expanding the scope of its globalisation strategy. SANY now operates in over 180 countries and regions, with Europe and North America showing the fastest growth.