Sany Heavy Equipment International Holdings Co Ltd (HK:0631)
:0631
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Sany Heavy Equipment International Holdings Co
(0631)
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Rating:58Neutral
Price Target:
HK$13.00
▲(12.65% Upside)
Action:Reiterated
Date:05/01/26
The score is held back mainly by weak technicals (price below key moving averages and negative MACD). Financial performance is decent with 2025 earnings improvement and solid revenue growth, but higher leverage and volatile/free-cash-flow weakness add risk. Valuation is a partial offset with a reasonable P/E and a supportive dividend yield.
Positive Factors
Revenue Growth
Consistent multi-year revenue expansion, with 2025 revenue up ~8% vs 2024, signals sustainable demand for mining and port equipment. Scale growth supports recurring after-sales parts and services, spreads fixed costs, and provides a durable base to fund R&D, capex, and geographic expansion.
Negative Factors
Rising Leverage
Material increase in leverage since 2022 reduces financial flexibility and raises interest and refinancing risks. In a capital-intensive, cyclical equipment business, higher debt amplifies exposure to commodity-driven demand swings and constrains the company’s ability to invest or weather prolonged downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent multi-year revenue expansion, with 2025 revenue up ~8% vs 2024, signals sustainable demand for mining and port equipment. Scale growth supports recurring after-sales parts and services, spreads fixed costs, and provides a durable base to fund R&D, capex, and geographic expansion.
Read all positive factors
Sany Heavy Equipment International Holdings Co (0631) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.32B
Dividend Yield3.41%
Average Volume (3M)9.31M
Price to Earnings (P/E)13.2
Beta (1Y)0.95
Revenue Growth11.08%
EPS Growth59.37%
CountryHK
Employees7,872
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.54
Shares Outstanding3,289,720,200
10 Day Avg. Volume6,924,845
30 Day Avg. Volume9,307,200
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.90
Price to Sales (P/S)1.06
P/FCF Ratio21.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$16.22Price Target Upside40.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.84
Revenue Forecast (FY)HK$30.08B
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, M...
How the Company Makes Money
The company makes money primarily by selling heavy equipment and related solutions to customers in mining and port logistics, and by providing associated services over the equipment lifecycle. Key revenue streams typically include: (1) Sales of mi...
Sany Heavy Equipment International Holdings Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.70B | 21.91B | 20.28B | 15.54B | 10.19B |
| Gross Profit | 5.28B | 4.91B | 5.45B | 3.63B | 2.39B |
| EBITDA | 2.69B | 1.30B | 2.94B | 2.35B | 1.81B |
| Net Income | 1.73B | 1.10B | 1.93B | 1.66B | 1.26B |
Balance Sheet | |||||
| Total Assets | 44.94B | 40.93B | 34.96B | 24.95B | 20.79B |
| Cash, Cash Equivalents and Short-Term Investments | 9.36B | 7.73B | 5.40B | 4.78B | 5.03B |
| Total Debt | 11.26B | 10.02B | 7.94B | 3.65B | 3.45B |
| Total Liabilities | 30.34B | 28.75B | 23.42B | 14.85B | 12.00B |
| Stockholders Equity | 13.20B | 12.22B | 11.59B | 10.04B | 8.70B |
Cash Flow | |||||
| Free Cash Flow | 1.18B | 1.40B | 36.79M | -233.92M | -16.43M |
| Operating Cash Flow | 2.46B | 2.15B | 2.52B | 1.08B | 922.80M |
| Investing Cash Flow | -1.63B | -973.45M | -4.97B | 639.25M | -296.01M |
| Financing Cash Flow | -28.33M | 894.53M | 2.96B | -376.81M | -226.70M |
Sany Heavy Equipment International Holdings Co Technical Analysis
Negative
11.54
Price Trends
12.15
Negative
11.82
Negative
9.62
Positive
Market Momentum
-0.22
Positive
35.81
Neutral
13.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0631, the sentiment is Negative. The current price of 11.54 is below the 20-day moving average (MA) of 11.54, below the 50-day MA of 12.15, and above the 200-day MA of 9.62, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 35.81 is Neutral, neither overbought nor oversold. The STOCH value of 13.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0631.
Sany Heavy Equipment International Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$13.87B | 8.98 | 11.57% | 4.26% | 9.84% | 27.75% | |
75 Outperform | HK$14.67B | 3.69 | 10.76% | 4.49% | -4.80% | 2.58% | |
66 Neutral | HK$102.93B | 4.80 | 14.20% | 4.77% | 15.34% | 20.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$36.32B | 13.19 | 13.75% | 3.41% | 11.08% | 59.37% | |
57 Neutral | HK$73.50B | 19.02 | 7.49% | 7.28% | 14.66% | 30.39% | |
39 Underperform | HK$1.06B | -5.14 | -10.95% | ― | -10.77% | -25.12% |
* Industrials Sector Average
HK:0631
Sany Heavy Equipment International Holdings Co
10.40
5.02
93.13%
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Sany Heavy Equipment International Holdings Co Corporate Events
Sany Heavy Equipment Sets May Board Meeting to Review First-Quarter 2026 Results
May 8, 2026
Sany Heavy Equipment International Holdings Company Limited has scheduled a board meeting for 20 May 2026 to review and approve the unaudited consolidated financial data for the three months ended 31 March 2026. The move signals the company’...
Sany Heavy Equipment Sets 2026 AGM to Approve Dividend, Board Mandates
Apr 28, 2026
Sany Heavy Equipment International Holdings has called its annual general meeting for 28 May 2026 in Shenyang, where shareholders will review the audited consolidated financial statements and board and auditor reports for the year ended 31 Decembe...
Sany Heavy Equipment Grants Over 18 Million Restricted Shares Under Incentive Scheme
Apr 1, 2026
Sany Heavy Equipment International Holdings has approved a new grant of 18,112,183 restricted shares to 1,716 eligible participants under its 2019 Restricted Share Award Scheme, signaling continued use of equity incentives to retain and motivate s...
Sany Heavy Equipment Profit Jumps 62% as Revenue Climbs, Dividend Raised
Mar 31, 2026
Sany Heavy Equipment International reported a robust set of annual results for the year ended 31 December 2025, with revenue rising 11.1% year on year to RMB24.33 billion and basic earnings per share reaching RMB0.51. Profit attributable to shareh...
Sany Heavy Equipment Proposes HKD 0.35 Final Dividend for 2025
Mar 31, 2026
Sany Heavy Equipment International Holdings Company Limited has proposed a final ordinary cash dividend of HKD 0.35 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The distribution remains subject to sharehol...
Sany Heavy Equipment forecasts up to 73% surge in 2025 profit on lower impairments and lithium growth
Mar 20, 2026
Sany Heavy Equipment International said it expects unaudited net profit for 2025 to rise between 49.8% and 73.2% year on year, to RMB1.6 billion–RMB1.85 billion, driven mainly by a sharp reduction in impairment losses on goodwill and propert...
Sany Heavy Equipment Sets March 31 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Sany Heavy Equipment International Holdings Company Limited has scheduled a board meeting for 31 March 2026 to review and approve the audited annual results for the year ended 31 December 2025 and to authorize their publication. The board will als...
Sany Heavy Equipment Schedules Hybrid Investor Conference for 2025 Annual Results
Mar 17, 2026
Sany Heavy Equipment International Holdings Company Limited has scheduled an investor conference to discuss its audited annual results for the year ended 31 December 2025. The event will take place at the company’s Sany Industry Town offices...
Sany Heavy Equipment Names Veteran Finance Executive as New CFO Amid Planned Transition
Mar 12, 2026
Sany Heavy Equipment International Holdings has announced that its chief financial officer, Tang Ziwei, will resign effective 20 February 2026 due to internal work re-arrangement, with the board noting there is no disagreement or outstanding issue...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.