SANY INT'L (00631) saw its shares rise by 5.26% in the afternoon session, currently trading at HKD 12.82, with a turnover of HKD 90.66 million.

The company's annual report revealed full-year revenue of RMB 24.3 billion, marking an 11% year-on-year increase. Net profit attributable to shareholders reached RMB 1.78 billion, surging 61% compared to the previous year. Overseas business revenue contributed RMB 9.234 billion, up 13% year-on-year.

A report from CMB International noted that SANY INT'L's post-tax profit for 2025, including minority interests, was RMB 1.78 billion, aligning with the previously forecasted range of RMB 1.6 billion to RMB 1.85 billion. After excluding one-off impairment losses, adjusted net profit attributable to shareholders stood at RMB 1.85 billion, remaining flat compared to the same period last year. During an earnings conference call, management highlighted large mining trucks, microgrids, and lithium batteries as key growth areas for the coming years. The institution expressed continued confidence in SANY INT'L's growth strategy through ongoing business diversification, maintaining a "Buy" rating. However, the target price was adjusted downward from HKD 20.6 to HKD 19.5. Profit forecasts for 2026 were lowered by 6%, primarily due to revised assumptions for roadheader sales volume.