SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64% - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # SANY 2024 Annual Report: Net Profit Up 31.98%, International Revenue Accounts for 64% ##### Up next ![BPIPO and DCB Partner with LINK-J for the First Regenerative Medicine Investment Event in Tokyo](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/BPIPO.jpg?resize=200%2C110&ssl=1 "BPIPO and DCB Partner with LINK-J for the First Regenerative Medicine Investment Event in Tokyo") [](https://thailandbusinessnews.net/press-release/bpipo-and-dcb-partner-with-link-j-for-the-first-regenerative-medicine-investment-event-in-tokyo/) ###### [BPIPO and DCB Partner with LINK-J for the First Regenerative Medicine Investment Event in Tokyo](https://thailandbusinessnews.net/press-release/bpipo-and-dcb-partner-with-link-j-for-the-first-regenerative-medicine-investment-event-in-tokyo/) Published on 29 April 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/1518641/logo_Logo.jpg?p=medium600 "logo") SHANGHAI, April 29, 2025 /PRNewswire/ — SANY Heavy Industry (SANY) announced its 2024 results on April 19, reporting $10.88 billion in full-year sales and revenue, up 6.22% year-on-year. Net profit attributed to shareholders surged by 31.98% to $0.84 billion. As international revenue accounting for 64% of its core business revenue, the company continues to show its strong overseas growth. [![Driving Global Growth Through Innovation and Sustainability](https://mma.prnasia.com/media2/2675631/20250429153216.jpg?p=medium600 "Driving Global Growth Through Innovation and Sustainability")](https://mma.prnasia.com/media2/2675631/20250429153216.jpg?p=medium600) Driving Global Growth Through Innovation and Sustainability The company reported a core business gross margin of 26.63% in 2024, marking a 0.47pp year-on-year increase. Among which, the hoisting machinery contributed the most to the growth, showing a 4.23pp increase compared to 2023. In 2024, the company’s operating cash flow was $2.07 billion, a whopping 159.53% increase, compared with $0.80 billion in 2023. Solid Core Business and Green Innovation The earthmoving machinery, concrete machinery, and hoisting machinery contributed 76% of the full-year revenue, reporting $4.25 billion, $2.01 billion, and $1.83 billion accordingly. The road machinery performed strongly, posting a 20.8% year-on-year growth. Staying committed to decarbonization, SANY continues to promote the development of clean technology. In 2024, the company applied 275 low-carbon patents and the low-carbon products generated $0.56 billion in revenue. In addition, SANY is driving forward the electrification of main machines, core spare parts, and power supply units. In 2024, the company launched over 40 electric products, with the sales exceeding 6,200 units. International Revenue Hits New High Prioritizing globalization efforts, SANY established production bases, R&D centers, marketing and service networks, and localized teams, enabling coordinated and efficient operations across all regions. During 2024, the international core business revenue set a new high of $6.78 billion, an increase of 12.15% compared with $6.06 billion for 2023, and accounting for 64% of the total core business revenue. The company reported the international gross margin of 29.7%. The growth of international markets was primarily driven by the Asia and Australia regions, whose reported revenue was $2.88 billion, a 15.47% year-on-year increase. The African market boasted strong growth with the revenue surging by 44% to $0.75 billion. The Europe and America regions also showed stable growth of 1.86% and 6.64%, contributing $1.72 billion to $1.44 billion respectively. "I’m proud of our achievements in the challenging yet opportunity-filled 2024. In 2025 we will deepen technological innovation, strengthen risk management, and enhance governance efficiency, contributing our corporate strength to global sustainable development," stated Xiang Wenbo, Chairman of SANY Heavy Industry. Photo – Logo – [https://mma.prnasia.com/media2/1518641/logo\_Logo.jpg?p=medium600](https://mma.prnasia.com/media2/1518641/logo_Logo.jpg?p=medium600) [Source link ](https://www.prnasia.com/story/archive/4675417_EN75417_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/agibot-a2-joins-alexander-wang-at-the-met-gala-embodied-ai-makes-historic-fashion-debut/) ![AGIBOT A2 Joins Alexander Wang at the Met Gala: Embodied AI Makes Historic Fashion Debut](https://i0.wp.com/mma.prnasia.com/media2/2972713/AGIBOT.jpg?resize=260%2C140&ssl=1 "AGIBOT A2 Joins Alexander Wang at the Met Gala: Embodied AI Makes Historic Fashion Debut") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## AGIBOT A2 Joins Alexander Wang at the Met Gala: Embodied AI Makes Historic Fashion Debut NEW YORK, May 6, 2026 /PRNewswire/ — AGIBOT, a pioneer in embodied… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - May 5, 2026 [](https://thailandbusinessnews.net/press-release/animon-ai-debuts-as-worlds-first-anime-specific-ai-video-generator/) ![Animon.ai Debuts as World's First Anime-Specific AI Video Generator](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/afaf9db3d4449db504cbd09022a229d.jpg?resize=260%2C140&ssl=1 "Animon.ai Debuts as World's First Anime-Specific AI Video Generator") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Animon.ai Debuts as World's First Anime-Specific AI Video Generator A CreateAI Company, Animon Launches AI Generation Tool from Japan for the… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 25, 2025 [](https://thailandbusinessnews.net/press-release/oper8-global-group-receives-frost-sullivans-2025-european-customer-value-leadership-recognition-for-excellence-in-edge-data-center-solutions/) ## Oper8 Global Group Receives Frost & Sullivan's 2025 European Customer Value Leadership Recognition for Excellence in Edge Data Center Solutions This award recognizes Oper8 Global Group’s innovation in edge data center for… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - June 20, 2025 ##### Most Read - [![DORCO Tinkle Is Awarded with 2026 IDEA Finalist for Brand Renewal](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dorco-tinkle-is-awarded-with-2026-idea-finalist-for-brand-renewal/ "DORCO Tinkle Is Awarded with 2026 IDEA Finalist for Brand Renewal") [DORCO Tinkle Is Awarded with 2026 IDEA Finalist for Brand Renewal](https://thailandbusinessnews.net/press-release/dorco-tinkle-is-awarded-with-2026-idea-finalist-for-brand-renewal/ "DORCO Tinkle Is Awarded with 2026 IDEA Finalist for Brand Renewal") - [![Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/priority-pass-to-accelerate-travel-innovation-backed-by-the-collinson-groups-500-million-growth-programme-2/ "Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme") [Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme](https://thailandbusinessnews.net/press-release/priority-pass-to-accelerate-travel-innovation-backed-by-the-collinson-groups-500-million-growth-programme-2/ "Priority Pass to accelerate travel innovation, backed by the Collinson Group's £500 million growth programme") - [![DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dorco-wins-2026-red-dot-award-for-renewed-corporate-identity/ "DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity") [DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity](https://thailandbusinessnews.net/press-release/dorco-wins-2026-red-dot-award-for-renewed-corporate-identity/ "DORCO Wins 2026 Red Dot Award for Renewed Corporate Identity") - [![Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dragonpass-ai-is-shifting-the-membership-economy-from-perks-redemption-to-personalized-experiences/ "Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences") [Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences](https://thailandbusinessnews.net/press-release/dragonpass-ai-is-shifting-the-membership-economy-from-perks-redemption-to-personalized-experiences/ "Dragonpass: AI Is Shifting the Membership Economy from Perks Redemption to Personalized Experiences") - [![Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material](https://i0.wp.com/r2.thailandbusinessnews.net/2025/04/MODERN_MEADOW_LOGO_BLACK_PNG_Logo.jpg?fit=597%2C138&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/modern-meadow-and-bellroy-partner-on-carry-products-made-of-next-generation-material/ "Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material") [Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material](https://thailandbusinessnews.net/press-release/modern-meadow-and-bellroy-partner-on-carry-products-made-of-next-generation-material/ "Modern Meadow and Bellroy Partner on Carry Products Made of Next-Generation Material") - [![Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/tamarind-health-launches-rare-cancer-centre-to-make-specialist-expertise-easier-to-access/ "Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access") [Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access](https://thailandbusinessnews.net/press-release/tamarind-health-launches-rare-cancer-centre-to-make-specialist-expertise-easier-to-access/ "Tamarind Health launches Rare Cancer Centre to make specialist expertise easier to access") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/frost-sullivan-launches-top-performers-program-to-spotlight-overlooked-high-performing-college-programs/) ## Frost & Sullivan Launches Top Performers Program to Spotlight Overlooked, High-Performing College Programs New program combines independent market analysis, program-level insights, and ongoing… [](https://thailandbusinessnews.net/press-release/health-in-tech-launches-hitrix-to-modernize-the-nearly-1-trillion-u-s-self-funded-health-insurance-market-and-announces-updated-2026-full-year-revenue-guidance/) ## Health In Tech Launches HitRix to Modernize the Nearly $1 Trillion U.S. Self-Funded Health Insurance Market and Announces Updated 2026 Full-Year Revenue Guidance AI-powered HitRix platform streamlines large-group submissions, multi-market quoting,… [](https://thailandbusinessnews.net/press-release/arbitral-tribunal-reaffirms-koreas-liability-to-elliott-for-corrupt-intervention-in-2015-samsung-merger/) ## Arbitral Tribunal Reaffirms Korea's Liability to Elliott for Corrupt Intervention in 2015 Samsung Merger Elliott awarded approximately US $113 million Elliott hopes the ROK will finally… [](https://thailandbusinessnews.net/press-release/advantech-launches-asr-d501-ai-companion-computer-for-autonomous-drone-applications/) ![Advantech Launches ASR-D501 AI Companion Computer for Autonomous Drone Applications](https://i0.wp.com/mmx.prnasia.com/media/MS1998266/20260929040808EDT_image_1.jpg?resize=260%2C140&ssl=1 "Advantech Launches ASR-D501 AI Companion Computer for Autonomous Drone Applications") ## Advantech Launches ASR-D501 AI Companion Computer for Autonomous Drone Applications Compact, power-efficient platform combines edge AI, multi-sensor perception,…