China's Sany Heavy Equipment hits over 4-month low on quarterly profit drop

Sany Heavy Equipment International Holdings

21/05/2026 04:25

** Shares of Sany Heavy Equipment International 0631.HK drop 9.4% to HK$9.13, their lowest since January 16

** Stock set for the biggest one-day pct fall since April 30

** The Chinese industrial equipment producer said its  unaudited profit attributable for quarter ended in March dropped 19.8% y/y to 509.39 mln yuan ($74.90 mln), gross profit down 3.5% y/y to 1.38 bln yuan, while revenue rose 13.2% y/y to 6.65 bln yuan

** YTD, stock up 10.1%, benchmark Hang Seng Index .HSI up 0.1%

($1 = 6.8010 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))