Sany Heavy Industry Co., Ltd. was founded in 1994 with investment from Sany Group. The company has achieved sustained and rapid development since its establishment. Currently, SANY is one of the leading companies in the global equipment manufacturing industry. Sany Heavy Industry (600031.SH) was listed on July 3, 2003. It is the first enterprise in China to successfully implement the split share structure reform and achieve full circulation. In July 2011, Sany Heavy Industry was shortlisted for the first time in the FT Global Top 500 by market value, becoming the only Chinese construction machinery company on the list. In 2012, Sany Heavy Industry acquired cross-border mergers and acquisitions of Germany’s Putzmeister, the “world’s number one concrete machinery brand”, and held shares in Austria’s Palfinger, the “global truck-mounted hoisting machinery giant”. On May 13, 2021, Sany Heavy Industry was shortlisted for the Forbes Global 2000 list, ranking 468th. It was among the top 500 global companies for the first time. It is the first engineering machinery company in China and second in the world on the list.