Sany Heavy Industry to expand financial operations, support subsidiaries

Sany Heavy Industry announced its plan to conduct deposit business with Hunan Sany Bank Co., Ltd., a related party. The daily maximum balance for 2026 will not exceed RMB 60 bn. This move, priced at market rates, aims to ensure compliance and fair dealings. Sany Heavy Industry's controlling shareholder, Sany Group Co., Ltd., holds an 18% stake in Hunan Sany Bank, with Sany Group chairman also serving as the bank's chairman.

Concurrently, Sany Heavy Industry will provide financial assistance totaling up to RMB 71.5 bn to several holding subsidiaries, including Sany Finance Leasing Co., Ltd., Hunan Sany Pump Road Machinery Co., Ltd., and Sany Belgium Finance Co., Ltd. and its subsidiaries. The one-year term financial aid, with interest rates not less than 2% for overseas subsidiaries and market-based rates for domestic ones, addresses their operational funding requirements.

Furthermore, Sany Finance Guarantee Co., Ltd., a wholly-owned subsidiary, is projected to provide external guarantees up to RMB 21.5 bn in 2026. These guarantees will support engineering machinery end-customers for mortgage financing (up to RMB 10 bn) and qualified third-party suppliers for letter of guarantee business (up to RMB 11.5 bn), facilitating product sales and cash flow recovery, while implementing strict risk control measures.