Latest news with #XiangWenbo
Korea Herald
26-06-2025
- Business
- Korea Herald
SANY Heavy Industry Crowned Top Chinese Construction Machinery Firm in Forbes Global 2000
CHANGSHA, China, June 26, 2025 /PRNewswire/ -- SANY Heavy Industry ( has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The prestigious list evaluates companies based on four key metrics: sales, profits, assets, and market value, with data calculated from the latest 12-month financial results as of April 25, 2025. This achievement underscores SANY's leadership credentials in the global heavy machinery industry, validating its forward-looking "Globalization, Digitalization, and Decarbonization" strategy and reinforcing confidence in its innovation-driven, high-quality growth. During the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion. According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency. Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 — a 32% year-on-year growth, further solidifying its financial resilience and strategic execution. Strategic Innovations Fuel High-Quality Development SANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue. In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations. Xiang Wenbo, Chairman of SANY Heavy Industry, stated: "This ranking is a recognition of our comprehensive strength at an international level." He further emphasized that "SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations."
Cision Canada
26-06-2025
- Business
- Cision Canada
SANY Heavy Industry Crowned Top Chinese Construction Machinery Firm in Forbes Global 2000
CHANGSHA, China, June 26, 2025 /CNW/ -- SANY Heavy Industry ( has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The prestigious list evaluates companies based on four key metrics: sales, profits, assets, and market value, with data calculated from the latest 12-month financial results as of April 25, 2025. This achievement underscores SANY's leadership credentials in the global heavy machinery industry, validating its forward-looking "Globalization, Digitalization, and Decarbonization" strategy and reinforcing confidence in its innovation-driven, high-quality growth. Impressive Financial Performance Drives Leadership Position During the reporting period covered by Forbes' rankings, SANY Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits and $830 million, respectively. The company's assets were valued at $21.08 billion while its market capitalization stood at $22.06 billion. According to SANY's 2024 annual report, its top revenue-generating products were excavators, concrete machinery, and cranes. Notably, net cash flow from operating activities surged to $2.07 billion, marking a remarkable year-on-year increase of 159.53%, reflecting enhanced operational efficiency. Reaffirming its commitment to shareholder value and transparent communication, SANY reported a net profit attributable to shareholders of approximately $835.66 million) for the fiscal year 2024 — a 32% year-on-year growth, further solidifying its financial resilience and strategic execution. Strategic Innovations Fuel High-Quality Development SANY Heavy Industry remains at the forefront with innovation-driven strategies focused on globalization, digitalization, and decarbonization. In the fiscal year 2024, international business revenues reached approximately $6.78 billion, reflecting a year-over-year increase of 12% and contributing nearly 64% to the company's total main business revenue. In addition to expanding production capacity at their Phase II Lighthouse factory in Indonesia through advanced technologies such as digital twins and process simulation, SANY also achieved significant sales in new energy products totaling over $563 million. These efforts reflect the company's commitment to environmentally friendly and resource-efficient operations. Xiang Wenbo, Chairman of SANY Heavy Industry, stated: "This ranking is a recognition of our comprehensive strength at an international level." He further emphasized that "SANY will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations."
Cision Canada
29-05-2025
- Automotive
- Cision Canada
SANY Delivers the First Hydrogen Refueling Project to Australia, Marking a Milestone in Global Green Energy Expansion
SHANGHAI, May 29, 2025 /CNW/ -- In April 2024, SANY established a strategic partnership with an Australian customer, marking the first time that SANY has promoted its technology to the international market after building the largest integrated production and hydrogen refueling station in China. On May 20 th of this year, SANY officially delivered the custom-developed 200Nm³/h skid-mounted hydrogen producing and refueling equipment to the customer, representing a major step toward internationalizing its green energy offerings. Leading Technology Powers High-Efficiency Hydrogen Refueling The project utilizes the industry-leading flexible electrolysis hydrogen production technology, complemented by a comprehensive control system to ensure stable and efficient operation. Featuring dual-stage supercharging and hydrogen storage at 50 MPa and 90 MPa, the single-unit system can simultaneously meet hydrogen refueling needs for both 35 MPa commercial vehicles and 70 MPa passenger vehicles. This means that whether for cargo transport or daily travel, vehicles can be refueled quickly and safely at this integrated station. Global Standards Ensure Safe and Compliant Deployment To ensure the smooth entry into the Australian market, the project strictly follows the market standard in production and has been fully certified by Bureau Veritas (BV) and TÜV SÜD: AS 3000 Electrical Safety Certification: Meets the highest Australian standard—Class 2. ASME/AS1200 Dual Certification: Pressure vessels are certified for both U.S. and Australian standards with the ASME U3 stamp. A fatigue life exceeds 20,000 cycles. SAE J2601 Hydrogen Refueling Protocol Test: Refueling protocol meets international filling standards, enabling 70 MPa passenger vehicle refueling within 3 minutes. Design-Driven Development with Rigorous Safety Analysis SANY adopts a forward development process based on design fundamentals. During development, the project team conducted thorough risk evaluations and controls of both the PEM Hydrogen Production and Purification System and the High-Pressure Hydrogen Refueling System, including Hazard Identification, Hazard and Operability Study, Safety Integrity Level, and Layer of Protection Analysis. These analytical approaches enable early risk identification, laying the groundwork for safe, intelligent, and resilient hydrogen solutions. Through advanced technology, strict safety standards, and global collaboration, SANY's success in Australia marks a key step in sustainable development. SANY has been focusing on clean energy, advancing in wind, solar, hydrogen, energy storage, and microgrid technologies. "SANY is accelerating its transition toward decarbonization and green growth, contributing a green force to the industry," said Xiang Wenbo, Chairman of SANY Heavy Industry.
Yahoo
29-05-2025
- Business
- Yahoo
SANY Delivers the First Hydrogen Refueling Project to Australia, Marking a Milestone in Global Green Energy Expansion
SHANGHAI, May 29, 2025 /CNW/ -- In April 2024, SANY established a strategic partnership with an Australian customer, marking the first time that SANY has promoted its technology to the international market after building the largest integrated production and hydrogen refueling station in China. On May 20th of this year, SANY officially delivered the custom-developed 200Nm³/h skid-mounted hydrogen producing and refueling equipment to the customer, representing a major step toward internationalizing its green energy offerings. Leading Technology Powers High-Efficiency Hydrogen Refueling The project utilizes the industry-leading flexible electrolysis hydrogen production technology, complemented by a comprehensive control system to ensure stable and efficient operation. Featuring dual-stage supercharging and hydrogen storage at 50 MPa and 90 MPa, the single-unit system can simultaneously meet hydrogen refueling needs for both 35 MPa commercial vehicles and 70 MPa passenger vehicles. This means that whether for cargo transport or daily travel, vehicles can be refueled quickly and safely at this integrated station. Global Standards Ensure Safe and Compliant Deployment To ensure the smooth entry into the Australian market, the project strictly follows the market standard in production and has been fully certified by Bureau Veritas (BV) and TÜV SÜD: AS 3000 Electrical Safety Certification: Meets the highest Australian standard—Class 2. ASME/AS1200 Dual Certification: Pressure vessels are certified for both U.S. and Australian standards with the ASME U3 stamp. A fatigue life exceeds 20,000 cycles. SAE J2601 Hydrogen Refueling Protocol Test: Refueling protocol meets international filling standards, enabling 70 MPa passenger vehicle refueling within 3 minutes. Design-Driven Development with Rigorous Safety Analysis SANY adopts a forward development process based on design fundamentals. During development, the project team conducted thorough risk evaluations and controls of both the PEM Hydrogen Production and Purification System and the High-Pressure Hydrogen Refueling System, including Hazard Identification, Hazard and Operability Study, Safety Integrity Level, and Layer of Protection Analysis. These analytical approaches enable early risk identification, laying the groundwork for safe, intelligent, and resilient hydrogen solutions. Through advanced technology, strict safety standards, and global collaboration, SANY's success in Australia marks a key step in sustainable development. SANY has been focusing on clean energy, advancing in wind, solar, hydrogen, energy storage, and microgrid technologies. "SANY is accelerating its transition toward decarbonization and green growth, contributing a green force to the industry," said Xiang Wenbo, Chairman of SANY Heavy Industry. View original content to download multimedia: SOURCE SANY Group View original content to download multimedia: Sign in to access your portfolio
Korea Herald
23-05-2025
- Business
- Korea Herald
SANY 2024 ESG Report: Promoting High-Quality Development Driven by Green Innovation
BEIJING, May 21, 2025 /PRNewswire/ -- SANY Heavy Industry (SANY) has published its 2024 Environmental, Social, and Governance (ESG) Report (the "Report") disclosing the company's breakthrough achievements in the fields of clean energy development, green manufacturing and social responsibility practices. In 2024, SANY invested 520 million yuan (USD72.12 million) in environmental protection, fully committed to promote high-quality development of the industry powered by green innovation. "In the future, SANY plans to continuously boost investment in clean technology research and development, manufacturing facility upgrades and market expansion, to further expand clean energy product lines and efficient energy utilization solutions. We will continue our efforts to bring more value to our customers and support the green transformation with new quality productive forces," said Mr. Xiang Wenbo, Chairman of SANY Heavy Industry. Advancing clean energy products and green manufacturing In 2024, SANY implemented a wide range of energy-saving and consumption reduction projects. The whole-process carbon reduction practices and emission reduction efforts have been significant: SANY plans to continue strengthen clean technology R&D and production facility upgrades in the future with the goal of realizing more efficient energy utilization solutions. Prioritizing health and safety, focusing on employee development and social welfare SANY is committed to supporting all employees equally. In 2024, 89% of the group's overseas employees are local hires, and female accounted for 12% of the executive management. The 550-million-yuan (USD76.23 million) employee stock ownership plan launched in 2024 benefited 6,241 people, and throughout the year SANY conducted 485 training sessions which were participated by 93% of employees. In 2024, SANY organized training on special equipment safety and fire prevention, with a accumulated total of 176,441 participants in health and safety trainings. Its annual injury rate was 1.78‰ and the number of occupational disease injuries was zero. In addition, SANY is actively investing in social welfare. It donated about 18.16 million yuan (USD2.52 million) to social public welfare funds with cumulative investment exceeding 340 million yuan (USD47.16 million). It carried out 143 public welfare activities covering education, disaster relief and rural revitalization. ESG strategy safeguarded by digital intelligence In 2024, SANY optimized its ESG governance structure at the board level and held four shareholders' meetings and seven board of directors' meetings with a 100% attendance rate. It has built an intelligent supervision and review platform that released 4,568 batches of early warning data and completed 3,754 verifications to realize full-process digital and intelligent control. "We accelerated our global layout in 2024 and leveraged digital technologies to promote intelligent manufacturing and transformation, actively research and develop new energy equipment and low-carbon products to support global sustainable development," noted Mr. Xiang Wenbo. "Looking ahead, we aim to lead new productivity development including green and intelligent technologies and contribute to reaching China's 'Dual Carbon' goals and global climate actions."
