Shares of SANY HEAVY IND (06031) climbed more than 8% during intraday trading before paring gains, last up 4.41% at HK$19.41 with turnover reaching HK$156 million.

The company released its interim results, posting first-half revenue of RMB 53.306 billion, up 19.7% year-on-year, while net profit attributable to shareholders rose 9.13% to RMB 5.69 billion. In the second quarter alone, revenue grew 24.39% to RMB 29.359 billion, with attributable net profit increasing 16.93% to RMB 3.209 billion.

Notably, overseas market revenue for the first half hit RMB 32.04 billion, a record high for the period and up 21.82% year-on-year, accounting for approximately 61.33% of total revenue.

China Great Wall Securities Co.,Ltd. previously stated that as a domestic industry leader, SANY HEAVY IND is well-positioned to benefit from the growth opportunity presented by the domestic sector's cyclical trough rebound. Meanwhile, its overseas business holds a leading position across revenue scale, revenue mix, profitability, capacity layout, and aftermarket service capabilities, which should support continued gains in global market share. The broker maintains a "Buy" rating, citing the premium from cyclicality dilution due to global expansion, valuation repair potential from improving earnings quality, and the certainty premium attached to its industry leadership status.