Sany Heavy Equipment International Holdings Co (0631) AI Stock Analysis

• Market Cap: HK$29.64B
• Dividend Yield: 3.41%
• Average Volume (3M): 9.31M
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.81
• Revenue Growth: 15.52%
• EPS Growth: -23.76%
• Country: HK
• Employees: 7,872
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): N/A
• Shares Outstanding: 3,232,418,000
• 10 Day Avg. Volume: 6,924,845
• 30 Day Avg. Volume: 9,307,200
• PEG Ratio: -0.37
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 11.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: HK$10.00 ▲(11.11% Upside)

The overall stock score is driven by solid financial performance with strong revenue growth but offset by operational and cash flow challenges. The technical analysis suggests a neutral trend with potential overbought conditions. Valuation is reasonable with an attractive dividend yield, supporting the stock's investment appeal.

Positive Factors

Sustained Revenue Growth

A ~15.5% revenue growth rate indicates durable demand for core products and ongoing market share gains. Sustained top-line expansion supports reinvestment into R&D, capacity and global sales channels, underpinning growth prospects over the next several quarters.

Diverse Product & Recurring Services

Broad product mix (excavators, cranes, concrete, road equipment) plus recurring after-sales services creates revenue diversification and higher customer stickiness. Service income smooths cyclicality from equipment sales and supports long-term margin stability and lifecycle value capture.

Healthy Equity Base and Manageable Leverage

A solid equity base and prudent leverage provide financial resilience to weather construction cycle volatility. This structural balance sheet strength enables capital spending, working capital support and strategic investments without immediately constraining operations or liquidity.

Negative Factors

Inconsistent Operating Cash Flow

Volatile and declining free cash flow limits the firm's ability to self-fund capex, R&D and debt servicing. Persistent cash variability weakens financial flexibility, forces reliance on external financing, and raises risk that strategic initiatives or dividends may be constrained over coming quarters.

Negative EBIT and Falling Net Income

Negative EBIT despite revenue growth signals margin pressure or rising operating costs. If persistent, this undermines return on invested capital, reduces retained earnings for reinvestment, and points to structural efficiency issues that must be addressed to restore sustainable profitability.

Rising Total Debt Trend

An upward debt trend increases interest and refinancing risk, particularly if cash generation is inconsistent. Higher leverage can constrain strategic flexibility, elevate sensitivity to rate changes, and strain credit metrics, making disciplined debt management crucial for long-term stability.

Sany Heavy Equipment International Holdings Co Business Overview & Revenue Model

Company Description

Sany Heavy Equipment International Holdings Company Limited, an investment holding company, engages in the manufacture and sale of mining equipment, logistics equipment, robotic, smart mine products, and spare parts. It operates in two segments, Mining Equipment and Logistics Equipment. The Mining Equipment segment provides coal mining machinery products, including road headers, such as soft rock and hard rock road headers, integrated excavation, bolting, and self-protection machinery; mining equipment consisting of coal mining machines, hydraulic support system, scraper conveyors, etc.; non-coal mining machinery products comprising tunnel road headers and mining machines; mining transport equipment, including mechanical drive off-highway and electric drive off-highway dump trucks, widebody vehicles, and other relevant products; spare parts; robotic products, such as robotic system integration, mobile robots, and electric forklifts; and smart mine products, including unmanned driving, automated integrated mining, and smart mine operation systems. The Logistic Equipment segment offers container equipment, such as front loaders, stacking machines and quayside gantry cranes, etc.; bulk material equipment, which comprise grippers, elevated hoisting arms, etc.; and general equipment, including heavy-weight forklifts, telehandlers, etc. In addition, the company provides maintenance and property development services. It operates in Mainland China, rest of Asia, the European Union, the United States, and internationally. The company was founded in 2004 and is headquartered in Shenyang, the People's Republic of China. Sany Heavy Equipment International Holdings Company Limited is a subsidiary of Sany Hongkong Group Limited.

How the Company Makes Money

Sany Heavy Equipment generates revenue primarily through the sale of its heavy machinery products, which includes excavators, cranes, and concrete machinery. The company benefits from various key revenue streams, including direct sales to construction and mining companies, as well as export sales to international markets. Additionally, Sany engages in after-sales service and maintenance, which provides a recurring income stream. The company has established significant partnerships with various construction firms and government projects, further bolstering its revenue. Factors contributing to its earnings include strong demand for infrastructure development, a growing global construction market, and strategic investments in research and development to enhance product offerings and efficiency.

Sany Heavy Equipment International Holdings Co Financial Statement Overview

Summary

Sany Heavy Equipment shows solid revenue growth and a stable financial structure. However, negative EBIT and inconsistent cash flows highlight operational and liquidity challenges. The company needs to improve operational efficiency and cash flow management.

Income Statement

The company shows a positive revenue growth with an increasing trend over the years, indicating strong demand and market presence. However, the recent negative EBIT and declining net income highlight operational and profitability challenges. Gross profit margins have remained relatively stable, suggesting effective cost management despite the revenue increase.

Balance Sheet

Sany Heavy Equipment has maintained a solid equity base, with a healthy equity ratio indicating financial stability. The debt-to-equity ratio is manageable, showing a prudent approach to leverage. However, the increase in total debt over the years could pose potential risks if not managed carefully.

Cash Flow

Cash flow from operations has been inconsistent, with a significant decline in free cash flow recently. The lack of operating cash flow in the latest period is concerning, potentially affecting liquidity and investment capability. The company needs to enhance cash generation to support future growth and debt obligations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.39B	21.91B	20.28B	15.54B	10.19B	7.36B
Gross Profit	5.19B	4.91B	5.45B	3.63B	2.39B	1.96B
EBITDA	1.58B	1.30B	2.94B	2.35B	1.81B	1.12B
Net Income	1.36B	1.10B	1.93B	1.66B	1.26B	1.05B
Balance Sheet
Total Assets	43.64B	40.93B	34.96B	24.95B	20.79B	17.46B
Cash, Cash Equivalents and Short-Term Investments	8.19B	7.73B	5.40B	4.78B	5.03B	4.97B
Total Debt	10.96B	10.02B	7.94B	3.65B	3.45B	3.14B
Total Liabilities	31.13B	28.75B	23.42B	14.85B	12.00B	9.61B
Stockholders Equity	12.56B	12.22B	11.59B	10.04B	8.70B	7.84B
Cash Flow
Free Cash Flow	1.95B	1.40B	36.79M	-233.92M	-16.43M	677.23M
Operating Cash Flow	2.31B	2.15B	2.52B	1.08B	922.80M	1.07B
Investing Cash Flow	-626.72M	-973.45M	-4.97B	639.25M	-296.01M	-647.37M
Financing Cash Flow	-839.51M	894.53M	2.96B	-376.81M	-226.70M	-601.72M

Sany Heavy Equipment International Holdings Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0631, the sentiment is Positive. The current price of 9 is above the 20-day moving average (MA) of 8.60, above the 50-day MA of 7.86, and above the 200-day MA of 6.91, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 72.61 is Negative, neither overbought nor oversold. The STOCH value of 88.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0631.

Sany Heavy Equipment International Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3339	78 Outperform	HK$13.27B	10.45	11.37%	4.26%	2.60%	49.21%
0038	76 Outperform	HK$14.95B	11.00	10.40%	4.49%	-9.90%	-20.25%
0564	75 Outperform	HK$45.14B	8.14	19.86%	6.05%	2.23%	13.60%
1157	74 Outperform	HK$83.50B	17.03	7.29%	7.28%	-3.92%	2.33%
1133	74 Outperform	HK$41.30B	16.64	15.06%	1.44%	34.78%	98.79%
0631	69 Neutral	HK$29.64B	20.13	11.02%	3.41%	15.52%	-23.76%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Sany Heavy Equipment International Holdings Co Corporate Events

Sany Heavy Equipment Secures Shareholder Approval for Key Agreements

Sany Heavy Equipment International Holdings Co. announced that all resolutions proposed at its Extraordinary General Meeting on November 28, 2025, were unanimously approved by shareholders. The resolutions involved ratifying various sales and procurement framework agreements with Mr. Liang Wengen and Sany Heavy Industry Co., Ltd., indicating a strategic alignment and continued collaboration with these key partners.

The most recent analyst rating on (HK:0631) stock is a Hold with a HK$7.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment to Hold EGM for Key Framework Agreements Approval

Sany Heavy Equipment International Holdings Co., Ltd. has announced an extraordinary general meeting to be held on November 28, 2025, to approve several framework agreements. These agreements involve sales, procurement, and guarantee arrangements with Mr. Liang Wengen and Sany Heavy Industry Co., Ltd. The approval of these agreements is expected to impact the company’s operational strategies and strengthen its industry positioning by formalizing key transactions and collaborations.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Announces EGM and Shareholder Eligibility Details

Sany Heavy Equipment International Holdings Co. has announced the closure of its register of members from November 24 to November 28, 2025, to determine shareholder eligibility for attending and voting at the Extraordinary General Meeting (EGM) scheduled for November 28, 2025. This move is significant for shareholders as it outlines the timeline and requirements for participation in the EGM, potentially impacting shareholder decisions and company governance.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Announces Leadership Restructuring

Sany Heavy Equipment International Holdings Co. announced significant leadership changes effective October 31, 2025, including the resignation of Mr. Qi Jian as Executive Director and Vice Chairman, and Mr. Liang Zaizhong as Chairman of the Board. Mr. Zhou Fugui has been appointed as the new Executive Director and Chairman of the Board, bringing extensive experience from his tenure at Sany Group and its subsidiaries. These changes aim to enhance corporate governance and strategic leadership, potentially impacting the company’s operational strategy and stakeholder relations.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Announces Board and Committee Structures

Sany Heavy Equipment International Holdings Co has announced the composition of its board of directors and the establishment of five key committees, each with specific roles and leadership. This organizational structure aims to enhance the company’s governance and strategic planning, potentially impacting its operational efficiency and market positioning.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Reports Strong Financial Growth in 2025

Sany Heavy Equipment International Holdings Co reported a significant increase in its unaudited financial results for the nine months ending September 2025. The company achieved a 14.1% rise in revenue, reaching approximately RMB18.15 billion, and a 26.6% increase in net profit, amounting to approximately RMB1.7 billion, compared to the same period in 2024. These results reflect strong operational performance and improved profitability, enhancing the company’s market position and providing positive signals to stakeholders.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Restructures Connected Transactions for 2025

Sany Heavy Equipment International Holdings Co. announced the entry into the 2025 Liang Wengen Agreements and the 2025 Sany Heavy Agreements as part of a restructuring of its continuing connected transactions. These agreements aim to segregate existing transactions with the Sany Heavy Group from those with the broader Sany Group, maintaining similar terms to existing agreements. This restructuring is expected to streamline operations and potentially enhance the company’s market positioning, impacting stakeholders by clarifying transaction boundaries and potentially improving operational efficiency.

The most recent analyst rating on (HK:0631) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Restructures Transactions Ahead of Potential Listing

Sany Heavy Equipment International Holdings Co announced a restructuring of its continuing connected transactions to facilitate the possible listing of Sany Heavy’s H shares on the Stock Exchange. This involves terminating existing agreements and entering new ones with Mr. Liang Wengen and his associates, excluding the Sany Heavy Group. The restructuring is not expected to impact the company’s financial position or operations adversely.

The most recent analyst rating on (HK:0631) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Schedules Board Meeting for Financial Review

Sany Heavy Equipment International Holdings Co has announced a board meeting scheduled for October 30, 2025, to review and approve the unaudited consolidated financial data for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:0631) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.

Sany Heavy Equipment Delays Circular Release for Transaction Renewal

Sany Heavy Equipment International Holdings Co announced a delay in the despatch of a circular related to the renewal of continuing connected transactions. The company requires additional time to finalize the contents, with a new expected release date no later than 31 October 2025. This delay may impact the company’s operational timelines and stakeholder expectations regarding the transaction renewal process.

The most recent analyst rating on (HK:0631) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Sany Heavy Equipment International Holdings Co stock, see the HK:0631 Stock Forecast page.