New Stock Debut | SANY HEAVY IND listed for the first time, opening flat in the morning. The company is the third largest in the world and the largest engineering machinery enterprise in China

SANY HEAVY IND was listed for the first time, with the announcement showing a pricing of HKD 21.30 per share, a total issuance of 632 million shares, and a minimum trading unit of 200 shares, resulting in a net amount of approximately HKD 13.307 billion. As of the time of writing, there was no change in price, remaining at HKD 21.3, with a transaction volume of HKD 564 million. Public information shows that SANY Group Co., Ltd. was founded in 1989 and is a leading enterprise in the global engineering machinery industry. The company focuses on the research, development, manufacturing, sales, and service of a full range of engineering machinery products, including excavators, concrete machinery, lifting machinery, piling machinery, and road machinery. Based on the cumulative revenue of core engineering machinery products from 2020 to 2024, the company is the third largest in the world and the largest engineering machinery enterprise in China. During the track record period, SANY HEAVY IND's products have been sold to over 150 countries and regions worldwide. As of April 30, 2025, revenue from overseas markets accounted for 57.4% of the company's total revenue. The company's products are highly trusted by global customers, participating extensively in the construction of several iconic global projects, such as the Hong Kong-Zhuhai-Macao Bridge, London Olympic venues, Burj Khalifa, and Beijing Olympic venues