SANY Named Top Chinese Construction Machinery Firm in Forbes 2000
28 Jun 2025
2 Min Read
CW Team
SANY Heavy Industry (600031.SS) has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The prestigious list evaluates companies based on four key metrics: sales, profits, assets, and market value, with data calculated from the latest 12-month financial results as of April 25, 2025. This achievement underscores SANY's leadership credentials in the global heavy machinery industry, validating its forward-looking "Globalization, Digitalization, and Decarbonization" strategy and reinforcing confidence in its innovation-driven, high-quality growth.
Impressive Financial Performance Drives Leadership Position
During the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion.
According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency.
Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 鈥� a 32% year-on-year growth, further solidifying its financial resilience and strategic execution.
Strategic Innovations Fuel High-Quality Development
SANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue.
In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations.
Xiang Wenbo, Chairman of SANY Heavy Industry, stated: "This ranking is a recognition of our comprehensive strength at an international level." He further emphasized that "SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations."
SANY Heavy Industry (600031.SS) has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The prestigious list evaluates companies based on four key metrics: sales, profits, assets, and market value, with data calculated from the latest 12-month financial results as of April 25, 2025. This achievement underscores SANY's leadership credentials in the global heavy machinery industry, validating its forward-looking Globalization, Digitalization, and Decarbonization strategy and reinforcing confidence in its innovation-driven, high-quality growth.Impressive Financial Performance Drives Leadership PositionDuring the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion.According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency.Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 鈥� a 32% year-on-year growth, further solidifying its financial resilience and strategic execution.Strategic Innovations Fuel High-Quality DevelopmentSANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue.In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations.Xiang Wenbo, Chairman of SANY Heavy Industry, stated: This ranking is a recognition of our comprehensive strength at an international level. He further emphasized that SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations.
Next Story
L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major
L&T Technology Services, a global leader in engineering and technology services, announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services.The five-year agreement, valued at over $50 million, underscores the client鈥檚 long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade.As per the agreement, LTTS will provide Enterprise Da..
Next Story
ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan
ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The pro..
Next Story
UGRO Capital Appoints Anuj Pandey as Chief Executive Officer
UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO鈥檚 commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company鈥檚 risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK cons..
