Sany Heavy Industry Rated Top Chinese Construction Machinery Firm in Forbes Global 2000
Sany Heavy Industry has been recognized as China's premier construction machinery manufacturer in Forbes' 2025 Global 2000 list, ranking 956th position worldwide. The 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 growth.
During the reporting period covered by Forbes' rankings, Sany Heavy Industry delivered robust financial results with revenues reaching $10.83 billion and profits of $830 million. 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 year-over-year increase of 159.53 percent, 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-percent year-over-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 percent and contributing nearly 64 percent to the company's total main business revenue.
In addition to expanding production capacity at its 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.
"This ranking is a recognition of our comprehensive strength at an international level," said Xiang Wenbo, chairman of Sany Heavy Industry. "Sany will continue advancing our three core strategies, globalization, digitalization and decarbonization development to create greater value for customers worldwide while accelerating green innovations."
For more information about Sany Group, visit www.sanyglobal.com.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.