China’s Sany Heavy Industry turns to Asia and Africa to drive strong growth in H1 2025

International revenue accounted for 60.3% of the company’s total revenue and rose by 11.7% to $3.7 billion.

While sales growth in Europe and the Americas was a modest +0.66% and +1.36% respectively, the increases in the Asia-Australia and Africa regions were much higher, at +16.3% and +40.5% respectively.

Asia-Australia was Sany’s biggest overseas market in the first half 2025, with sales totalling $1.6 billion. That was followed by Europe ($863 million), the Americas ($710 million), and Africa ($509 million).

The company did not give specific figures for how it performed in its home market of China.

Meanwhile, Sany said its net income margin rebounded to 11.7%, up by 2.5 percentage points on the same period last year.

Excavating machines made up the bulk of Sany’s sales by machine type in the first half of the year, increasing 15% to nearly $2.5 billion.

Road machinery saw the biggest percentage rise in revenue, up 36.8% to $300 million. Piling machinery sales increased 15% to $190 million, while hoisting machinery rose 17.9% to $1.1 billion.

The only machinery class to see a decline in revenue was concrete machinery, which saw sales fall 6.5% to just over $1 billion.

Strengthening R&D

Sany also revealed that it spend £300 million in research and development (R&D) over the period and filed 246 patent applications, of which 131 were invention patents.

It also secured 30 authorised low-carbon patents on core components over the half year.

Earlier this summer, Mr. Yu Hong Fu, president of Sany Heavy Industry, told Construction Briefing how the company planned to put R&D of new products and technology at the heart of its strategy.

He also rejected the idea that Sany has been involved in aggressive pricing. It is one of several Chinese manufacturers to have been hit by anti-dumping tariffs on imported excavators in the UK, amid claims from rival JCB that they are undercutting the price of domestically produced equipment.

While such trade barriers could explain the subdued sales in regions like Europe, Sany continues to grow its exports to other regions of the world.

Sany Group recently announced plans for an initial public offering (IPO) in Hong Kong that would support further global expansion efforts.

Read the full interview with Mr. Yu Hong Fu here.