An announcement from Sany Heavy Industry Co., Ltd. Class H ( (HK:6031) ) is now available.

Sany Heavy Industry will unify its financial reporting by adopting China Accounting Standards for Business Enterprises (CASBE) as the sole basis for preparing and disclosing financial information from its interim report for the period ended June 30, 2026. The board has also approved a proposal to terminate Ernst & Young as the H share financial report auditor, subject to shareholder approval at an extraordinary general meeting, and states that the shift to CASBE will not materially affect the group’s financial results or position, while aligning its dual listings and complying with Hong Kong rules on mainland issuers and auditors.

The move reflects the growing convergence between CASBE and International Financial Reporting Standards, allowing the company to streamline reporting processes across its Shanghai and Hong Kong listings. Management contends that adopting a single reporting framework and potentially consolidating audit arrangements is in the overall interests of the company and its shareholders, potentially improving efficiency and transparency for investors tracking the group’s performance across markets.

The most recent analyst rating on (HK:6031) stock is a Buy
with a HK$18.90 price target.
To see the full list of analyst forecasts on Sany Heavy Industry Co., Ltd. Class H stock,
see the HK:6031 Stock Forecast page.