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Makes coal-mining and heavy underground equipment, part of the Sany Group industrial conglomerate.
Makes coal-mining and heavy underground equipment, part of the Sany Group industrial conglomerate.
Sells coal-mining machinery in large orders to mining groups, so revenue follows mine capital spending and the timing of deliveries and customer acceptance. It sells under the Sany brand of its parent group.
In one line: A Chinese mining-equipment maker under the Sany conglomerate.
Moat: narrow (brand, distribution). Sany Group brand and dealer network support sales into China's mining equipment market.
Headquarters: Changsha, China · Founded: 2003 · Employees: 7,982
Size Sany Heavy Equipment International (0631.HK) is a Hong Kong Industrials company (Trucks/Construction/Farm Machinery) with a market value of $2.82B, the 353rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.73 on 6 Nov 2026.
Performance Over six months the shares fell 45.9%, against -12.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 19.1% over the last twelve months (peer median +11.6%); the operating margin is 6.5% (peer median 8.3%).
Valuation It trades at 8.9× forward earnings against a peer median of 13.5× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points above its cost of capital (7.8% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$30.1B | HK$26.4B | HK$23.8B | HK$22.4B | HK$18.1B |
| Revenue growth | — | +11% | +6% | +24% | — |
| Gross profit | HK$6.48B | HK$5.88B | HK$5.33B | HK$6.02B | HK$4.22B |
| EBITDA | HK$3.33B | HK$3.00B | HK$2.32B | HK$2.51B | HK$2.00B |
| Net income | HK$1.92B | HK$1.93B | HK$1.19B | HK$2.13B | HK$1.94B |
| Free cash flow | HK$1.54B | HK$1.15B | HK$1.39B | -HK$5.20M | -HK$384M |
| Capital expenditure | HK$1.26B | HK$1.38B | HK$997M | HK$2.75B | HK$1.53B |
| Total debt | n/a | HK$12.5B | HK$10.6B | HK$8.70B | HK$4.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sany Heavy Equipment International 0631.HK | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% |
| Zoomlion Heavy Industry Science & Technology 000157.SZ | $7.61B | -22% | +14% | 7% | 11.2× | 2.8% |
| Komatsu 6301.T | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% |
| XCMG Construction Machinery 000425.SZ | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0631.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.4% | +1.5% | 2nd lowest of 21 |
| 6-month return | -45.9% | -12.8% | 3rd lowest of 21 |
| Distance from 52-week high | -58.6% | -27.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +19.1% | +11.6% | 7th highest of 21 |
| Operating margin | 6.5% | 8.3% | 10th lowest of 21 |
| Forward P/E | 8.9× | 13.5× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 1.4% | -3.5% | 5th most demanding of 14 |
| Growth delivered (Del g) | +26.1% | +5.1% | highest of 14 |
| Hurdle (Req g minus delivered) | -24.7 pp | -8.5 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | +1.5 pp | +0.9 pp | 8th highest of 20 |
| EV / EBITDA | 7.3× | 11.7× | 2nd cheapest of 11 |
| Net debt / EBITDA | 0.6× | 1.0× | 5th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Garden Reach Shipbuilders & Engineers GRSE.NS | India | $2.60B | -31% | +40% | 10% | 26.5× | n/a | n/a |
| Guangxi Liugong Machinery 000528.SZ | China | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% | +5.0% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| Cadeler A/S CADLR.OL | Norway | $2.41B | -14% | +53% | 36% | 9.4× | n/a | n/a |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| China Railway Hi-tech Industry 600528.SS | China | $2.37B | -9% | -8% | 5% | n/a | -4.0% | +2.6% |
| Cochin Shipyard COCHINSHIP.NS | India | $3.40B | -33% | -1% | 13% | 34.3× | n/a | n/a |
| Trinity Industries TRN | United States | $2.30B | -20% | -2% | 13% | 15.8× | n/a | n/a |
| Hiab HIAB.HE | Finland | $3.52B | -5% | +6% | 12% | 16.9× | 15.5% | -13.7% |
| ZHEJIANG ZHONGJIAN TECHNOLOGY 002779.SZ | China | $2.26B | +2% | +28% | -17% | 150.7× | n/a | n/a |
| Takeuchi Mfg.Co 6432.T | Japan | $2.21B | +4% | +12% | 16% | 10.6× | 4.0% | +14.9% |
| Doosan Bobcat 241560.KS | South Korea | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% | +15.5% |
| Sumec 600710.SS | China | $2.18B | -9% | +14% | 4% | 9.8× | -17.2% | +3.6% |
| Stadler Rail SRAIL.SW | Switzerland | $3.84B | +38% | +26% | 5% | 19.8× | 0.2% | +3.6% |
| CIMC Vehicles (Group) 301039.SZ | China | $2.07B | -18% | +6% | 4% | 16.6× | -4.3% | -5.2% |