Written by Robert Callahan · Edited by Marcus Tan · Fact-checked by Peter Hoffmann
Published February 12, 2026Updated July 25, 2026Within the next 37 days10 min read
On this page(6)
How we built this report
150 statistics · 46 primary sources · 4-step verification
How we built this report
150 statistics · 46 primary sources · 4-step verification
Primary source collection
Our team aggregates data from peer-reviewed studies, official statistics, industry databases and recognised institutions. Only sources with clear methodology and sample information are considered.
Editorial curation
An editor reviews all candidate data points and excludes figures from non-disclosed surveys, outdated studies without replication, or samples below relevance thresholds.
Verification and cross-check
Each statistic is checked by recalculating where possible, comparing with other independent sources, and assessing consistency. We tag results as verified, directional, or single-source.
Final editorial decision
Only data that meets our verification criteria is published. An editor reviews borderline cases and makes the final call.
Statistics that could not be independently verified are excluded. Read our full editorial process →
Key Takeaways
Key takeaways
- 01
2022 total revenue of Sany Heavy Industry reached RMB 137.4 billion (≈$19.3 billion)
- 02
2023 net profit attributable to shareholders was RMB 12.9 billion (≈$1.8 billion)
- 03
2023 gross profit margin was 22.1%, up 1.2 percentage points from 2022
- 04
Number of overseas subsidiaries as of 2023 is 58
- 05
Sany has 10 overseas production bases in India, Brazil, and the U.S.
- 06
2023 revenue from "the Belt and Road" (BRI) countries was RMB 64.8 billion (≈$9.1 billion)
- 07
Annual excavator production capacity at Sany's Changsha base is 150,000 units
- 08
Average delivery time for standard cranes is 7 days
- 09
Energy efficiency improvement in 2023 reduced fuel consumption by 12% for excavators
- 10
Sany offers 12 major product categories including cranes, excavators, and road machinery
- 11
R&D investment accounted for 3.7% of total revenue in 2022
- 12
Number of patents granted in 2023 reached 3,100, including 280 invention patents
- 13
2023 global sales revenue reached RMB 189.6 billion (≈$26.7 billion)
- 14
Overseas sales accounted for 42% of total revenue in 2023
- 15
Market share in China's mobile crane market was 18.2% in 2023
Statistics · 30
Financial Performance
2022 total revenue of Sany Heavy Industry reached RMB 137.4 billion (≈$19.3 billion)
2023 net profit attributable to shareholders was RMB 12.9 billion (≈$1.8 billion)
2023 gross profit margin was 22.1%, up 1.2 percentage points from 2022
Operating cash flow in 2023 reached RMB 18.5 billion (≈$2.6 billion)
Total assets as of end-2023 were RMB 315.6 billion (≈$44.1 billion)
2023 research and development (R&D) expenditure was RMB 7.1 billion (≈$1.0 billion)
Return on equity (ROE) in 2023 was 10.2%, up 0.8 percentage points from 2022
Asset-liability ratio as of end-2023 was 58.3%, down 1.2 percentage points from 2022
Free cash flow in 2023 was RMB 9.8 billion (≈$1.4 billion)
Dividend payout ratio in 2023 was 30%
2022 total revenue of Sany Heavy Industry reached RMB 137.4 billion (≈$19.3 billion)
2023 investment in new production facilities was RMB 10.2 billion (≈$1.4 billion)