17 May 2024 Sany Heavy announced its 1Q24 business update with revenue decreased by 5.7% YoY to Rmb5.2bn. Gross profit and net profit were down by 4.0% and 20.7% YoY to Rmb1.3bn and RMb515.7m in 1Q24, respectively. GPM edged up
CROSBY Research – Sany Heavy Equipment (631 HK): Surging R&D costs pressured NP growth



