On August 29, the SANY International 2025 Interim Results Presentation was successfully held in Changsha, Hunan, where the operating results for the first half of 2025 were announced.

Several members of management attended the meeting, including Xiang Wenbo, Rotating Chairman of SANY Group; Yi Xiaogang, Director, Executive President and Chief Engineer of SANY Group and Chairman of SANY Lithium Energy; Yuan Jinhua, Director of SANY Group and Chairman of the Energy Equipment Business Division; Qi Jian, Director of SANY Group and Chairman of the Heavy Equipment Business Division; and Fu Weizhong, Senior Vice President of SANY Group and Chairman of the Port Machinery Business Division.

Rapid growth in operating performance, commitment to high-quality development

In the first half of 2025, SANY International demonstrated strong operational resilience amid a complex domestic and international macroeconomic environment. Operating performance grew rapidly: in the first half, SANY International achieved operating revenue of RMB 12.2 billion, up 14% year on year; net profit attributable to shareholders of RMB 1.294 billion, up 25% year on year; and net operating cash flow of RMB 368 million, up 341% year on year. Among these, the operating performance of oil and gas equipment, silicon energy and lithium energy all achieved high growth rates of double digits or more.

Since 2025, SANY International has resolutely implemented the high-quality development policy, expanded the competitiveness of its advantageous products and optimized inefficient businesses. Electric drive mining trucks, large port machinery, small port machinery and complete fracturing equipment sets all achieved increases in both revenue and gross margin.

Globalization strategy delivers remarkable results, overseas revenue continues to grow

In the first half of 2025, overseas revenue continued to grow. In the first half, SANY International's overseas sales revenue reached RMB 4 billion, up 5% year on year, with a five-year compound growth rate of 47%, demonstrating the remarkable effectiveness of its globalization strategy. Among these, core products such as port equipment, mining trucks and energy storage have been exported to a number of countries and regions in Asia, Africa, the Americas and Europe, and the brand's international influence continues to rise.

New industries have become a new growth engine, with revenue up 276% year on year

As an important part of SANY International's new energy industry layout, the silicon energy, lithium energy and hydrogen energy businesses rely on vertical integration capabilities in photovoltaic cell manufacturing, photovoltaic power station construction and electrochemical energy storage to achieve source-grid-load-storage, microgrid and hydrogen-electric coupling multi-energy complementarity, and are highly integrated with the battery charging and swapping systems of electrified mining equipment. Deeply embedded in SANY Group's low-carbon product matrix and global channel system, they continue to drive deep synergy between the two major businesses of new energy and mining engineering machinery.

In the first half of 2025, the new industries achieved operating revenue of RMB 2.6 billion, up 276% year on year. SANY Silicon Energy had overseas microgrid orders in hand of approximately RMB 1.2 billion and intended orders of approximately RMB 4 billion; SANY Lithium Energy sold 5,560 power battery sets, up 999% year on year; SANY Smart Mining operated 150 unmanned mining trucks, with unmanned driving efficiency exceeding 105% and attendance rate exceeding 90%; and SANY Hydrogen Energy won bids for 123 MW of orders and completed its first round of equity financing at a pre-money valuation of more than RMB 2 billion.

Following the presentation agenda, SANY International's management gave detailed and thorough answers to questions of great concern to investors, business progress that needed to be understood and the various plans of the Group's board of directors, and expressed their outlook on the domestic and international economic situation in the second half of 2025 as well as their confidence in the various business segments of SANY International achieving their full-year performance targets.

In the future, SANY International will continue to advance its three major strategies of globalization, digital intelligence and low-carbon development, persist in developing new quality productive forces, strengthen R&D and innovation capabilities, and unswervingly follow the path of high-quality development.