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Zoomlion Heavy Industry Science & Technology Co., Ltd., known as Zoomlion, is a prominent Chinese construction machinery and equipment manufacturer. In 2023, the company reported an annual revenue of RMB 47.075 billion, marking a 13.08% year-on-year increase, with a net profit of 3.771 billion yuan, a 58.13% rise. Zoomlion's international revenue reached a record high of 38.04% of total revenue, amounting to 17.905 billion yuan, reflecting a 79.2% year-on-year increase. The company has established more than 30 primary business hubs and over 350 secondary outlets globally, with a workforce of over 3000 employees outside China. Zoomlion's focus on digitization, intelligence, and green initiatives has driven its growth, with breakthroughs in 5G, cloud computing, AI, and more. The company leads in patent applications for digital innovations. Leveraging intelligent manufacturing, Zoomlion operates 23 smart factories, enhancing productivity and efficiency significantly. The company continues to expand its international footprint through strategic partnerships and a strong commitment to technological advancement.
Zoomlion Heavy Industry Science & Technology announced the launch of its digital twin platform, now operational at a concrete batching plant in Hubei province, China. The 3D virtual model facilitates intelligent operations in the ready-mix concrete industry by bridging digital silos and enhancing business efficiency, sustainability, and profitability.
The platform integrates virtual inspections, equipment monitoring, and fault detection, providing real-time status updates of facilities. Users can manage six factory segments including production, maintenance, inventory, raw material tracking, security, and logistics scheduling. The system supports smarter decision-making and operational efficiency through comprehensive data integration.
Zoomlion aims to lead digital transformation in the industry by developing more digitized and eco-friendly solutions.
Zoomlion has bolstered its global market position by participating in several international exhibitions, showcasing advanced machinery and securing significant orders. The company's overseas revenue saw a 52.85% YoY increase in Q1 2024, reaching 5.703 billion yuan (US$ 790.26 million), which now accounts for 48% of total revenue. Recent achievements include product launches at ARA Show (USA), INTERMAT 2024 (France), Mining and Construction Vietnam 2024, M&T Expo (Brazil), and the China-Africa Economic and Trade Expo (Kenya). The company's strategic focus on localizing manufacturing in high-end and emerging markets has significantly contributed to its global growth.
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