Sany Heavy Industry posts strong Q3 profit growth, raises related-party transactions

Sany Heavy Industry Co., Ltd. has released its 2025 third quarter report, showing significant financial improvements. The company's total profit for the quarter rose by 50.88%, with net profit attributable to shareholders increasing by 48.18%. For the year-to-date, total profit surged by 48.42% to 8,399,104 yuan, and net profit attributable to shareholders grew by 46.58% to 7,135,595 yuan. These increases are primarily attributed to revenue growth, higher gross profit margins, and reduced expense ratios.

In conjunction with its financial performance, the company announced an increase in its 2025 daily related-party transaction forecasts. The projected amount for purchases of raw materials and goods from related parties has been raised by 57,839 million yuan, from 1,017,747 million yuan to 1,075,586 million yuan. Similarly, sales of engineering machinery products and components to related parties are now expected to increase by 25,127 million yuan, from 559,706 million yuan to 584,833 million yuan.

The board of directors and the supervisory board approved the Q3 report and the adjustment to related-party transaction limits, citing operational needs and fair market pricing. The independent directors confirmed that these transactions are conducted at fair and reasonable prices, do not affect the company’s independence, and are not detrimental to the company or its shareholders.