Brief News: Sany's first-quarter revenue increased by 14.2% year-on-year

Sany Heavy Industry Co., Ltd. announced its financial report for the first quarter of 2026, with revenue of 24.04 billion yuan (3.52 billion USD), a year-on-year increase of 14.2%; net profit was 2.48 billion yuan, a slight increase of 0.5%. After deducting non-recurring gains and losses, the net profit was 2.01 billion yuan, a year-on-year decrease of 16.2%; the net cash flow from operating activities was 3.54 billion yuan, a year-on-year decrease of 19.8%. The company stated that the revenue growth was mainly due to the increase in domestic and international sales, but the rise in financial expenses had a negative impact on profitability. The Hong Kong stock opened lower on Thursday, reporting HKD 21.94, down 1.7%