Recently, Sany Heavy Industry (600031) announced that as of the end of July 2025, the company has spent a total of 1.355 billion yuan to repurchase 72.6792 million shares, accounting for 0.86% of the company's total share capital.
This repurchase is based on the proposal passed by Sany Heavy Industry on April 3 this year regarding the company's repurchase of shares through centralized bidding trading. According to the proposal, Sany Heavy Industry will use its own funds or self raised funds to repurchase shares through centralized bidding trading. The total amount of funds for this repurchase will not be less than 1 billion yuan and not exceed 2 billion yuan. The price limit for repurchased shares is 29.1 yuan per share, and the repurchased shares will be used for employee stock ownership plans.
Recent repurchase situation of Sany Heavy Industry
Pengpai stated that the large-scale repurchase of shares by Sany Heavy Industry is driven by the overall recovery of the construction machinery industry. In the first half of 2025, major domestic excavator manufacturers sold a total of 120520 excavators, a year-on-year increase of 16.8%; Domestic sales increased by 22.9% year-on-year, while exports increased by 10.2% year-on-year. The industry generally believes that the construction machinery industry is currently at the starting point of a new upward cycle, with domestic and international markets recovering synchronously.
Previously, Dongwu Securities' research report believed that under the resonance of multiple factors such as replacement cycle, policy support, and demand recovery, the domestic construction machinery market has recovered beyond expectations. As the host factory with the highest proportion of domestic excavator revenue, Sany Heavy Industry will fully benefit from the unexpected recovery of the excavator industry. In the medium to long term, the company is leading in investment in globalization, electrification, and intelligence, and is about to go public in Hong Kong. With the cost-effectiveness advantage of the domestic construction machinery industry chain, the company is expected to become a global leader.
On August 22nd, Sany Heavy Industry released its semi annual report for 2025. During the reporting period, the operating revenue reached 44.534 billion yuan, a year-on-year increase of 14.96%; The net profit attributable to shareholders of the listed company was 5.216 billion yuan, a year-on-year increase of 46.00%. Due to the rapid growth of overseas sales and the promotion of cost reduction and efficiency improvement measures, the company's profitability has continued to improve, and the net profit margin has rebounded to 11.65%, an increase of 2.50 percentage points year-on-year.
