Sany Heavy Equipment International Holdings Co ( (SNYYF) ) has released its Q4 earnings. Here is a breakdown of the information Sany Heavy Equipment International Holdings Co presented to its investors.
Sany Heavy Equipment International Holdings Co., a leading manufacturer in the heavy equipment sector, specializes in mining, logistics, oil & gas, and emerging industry equipment in Mainland China. The company reported an 8% increase in revenue for 2024, reaching RMB21,909.6 million, although profit attributable to owners fell by 42.9% to RMB1,101.6 million. Key financial metrics showed a rise in revenue but a significant drop in profit due to increased costs and expenses. The Board proposed a final dividend of HK$0.29 per share. Looking ahead, Sany Heavy Equipment remains focused on navigating industry challenges and leveraging its diversified operations to drive future growth.