Sany Heavy Industry (600031) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 24.04 billion, up 14.22% year-over-year, driven by both domestic and international sales growth.

• Net profit attributable to shareholders was RMB 2.48 billion, a slight increase of 0.46% year-over-year.

• Net profit excluding non-recurring items declined 16.24% year-over-year.

Financial highlights

• Operating income for Q1 2026 was RMB 24.04 billion, up from RMB 21.05 billion in Q1 2025.

• Total profit was RMB 2.90 billion, up 0.95% year-over-year.

• Net cash flow from operating activities was RMB 3.54 billion, down 19.76% year-over-year.

• Basic and diluted EPS were both RMB 0.2711, down 7.09% year-over-year.

• Weighted average ROE was 2.77%, down 0.59 percentage points year-over-year.

• Total assets at quarter-end were RMB 174.46 billion, up 0.67% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders was RMB 90.58 billion, up 2.54% from year-end 2025.

Outlook and guidance

• Revenue growth attributed to both domestic and international market expansion.