The Zhitong Finance App learned that Bank of America Securities released a research report stating that it raised the target price of Sany International (00631) from HK$11 to HK$12, with a “buy” rating. Bank of America Securities pointed out that Sany International's revenue for the second quarter of 2026 increased 27% year-on-year to 8.1 billion yuan, 10% higher than the bank's expectations. Gross margin rose slightly by 0.1 percentage points year over year to 23.2%, 2.2 percentage points higher than the bank's expectations. Net profit increased 7% year-on-year to $708 million, 22% higher than the bank's expectations and 18% higher than the management target limit.

According to the bank, Sany International's revenue for the first half of the year increased 21% year over year to 14.8 billion yuan, while gross margin fell 1.6 percentage points year over year to 22.1% year on year. The ratio of operating expenses to revenue increased 0.8 percentage points year over year to 12%. Net profit decreased by 6% year-on-year to 1.2 billion yuan, 12% higher than the bank's expectations.

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