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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.
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Zoomlion Heavy Industry Science & Technology Co., released its 2023 annual report, showing a 13.08% increase in annual revenue to RMB 47.075 billion and a 58.13% increase in net profit to 3.771 billion yuan. The company's international revenue reached a record high of 38.04% of total revenue, with a 79.2% year-on-year increase. Zoomlion's market position in traditional and emerging sectors improved, with gross profit margins rising by 5.7% to 27.54%.
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Zoomlion's 2023 Annual Report showcases a remarkable 79.2% YoY increase in international revenue, reaching 17.905 billion Chinese Yuan. The company achieved a total revenue of 47.075 billion Chinese Yuan, with a net profit of 3.771 billion Chinese Yuan. Zoomlion's market position in various sectors improved significantly, with gross profit margins rising by 5.7% to 27.54%.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. kicked off 2024 by dispatching equipment worth over RMB 1.2 billion to global destinations. The company secured over RMB 5.4 billion in overseas orders and sent out various products including cranes, tower cranes, concrete machinery, and agricultural machinery. Zoomlion aims for high-quality development in 2024 with a focus on innovation and excellence.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. predicts a significant year-on-year increase in net profit in 2023, attributing it to international market penetration, emerging business segments, and internal cost reduction. The company's Q3 report shows a 100.5% year-on-year increase in international business income, with plans to further expand its international presence. Notable achievements include market share leadership in the Middle East and Russian-speaking areas, record-breaking exports to South America and the Philippines, and significant orders from international customers.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. achieved a remarkable feat with its 3,600-ton ZCC89000 crawler crane, breaking two world records for the heaviest single lift and fastest lifting speed during the installation of three slurry bed reactors in Zhejiang Province, China. The crane played a crucial role in the construction of a slurry bed residue hydrogenation plant, enabling green, low-carbon, and precise refining operations with high efficiency. This achievement advanced the construction schedule by two months, boosting significant economic and social benefits. The project is currently the largest of its kind in the field of refining and chemical integration under construction in China, and it's also the world's largest investment in a single industrial project.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. successfully delivered nearly 200 units of earthmoving machinery equipment to Australia and Europe, marking a significant milestone in its international expansion. The company has been enhancing its product competitiveness, diversifying its product range, and steadily improving product adaptability, leading to boosted global sales and increased brand influence. Additionally, Zoomlion opened its first 4S shop in Brisbane, Australia, and delivered the first batch of concrete agitator trucks to Australia, showcasing its commitment to localized service and product development. In the European market, Zoomlion participated in major trade shows and signed orders totaling 30 million yuan. Assistant general manager Zheng Zhe expressed optimism for the company's future, emphasizing a point-to-point and localization-oriented overseas development strategy.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (1157.HK) is accelerating growth and innovation in the Middle East with strategic development and collaborative innovation. The company's recent business highlights include securing contracts for 85 types of equipment in the UAE and Saudi Arabia, totaling over 200 million Yuan, with prospective orders of over 500 million Yuan. In Saudi Arabia, sales surged by more than 170% year-on-year, contributing to significant infrastructure projects. The company also signed contracts and prospective orders totaling over 35 million Yuan in Oman and unveiled innovative crane models tailored for oil field operations. Zoomlion is set to expand its localization efforts by establishing new subsidiaries in Qatar and Kuwait.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion, 1157.HK) demonstrates engineering prowess by constructing China's fifth Antarctic research station on Inexpressible Island in Terra Nova Bay, Ross Sea. The 5,244 square meter Station will house up to 80 researchers and support multi-disciplinary research in atmospheric and marine environments, and biological ecology.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion, 1157.HK) held the 2024 Zoomlion Agriculture Machinery Global Business Conference in Changsha, attracting nearly 1,000 dealers and over 140 international representatives. The event showcased 51 advanced equipment models spanning 12 categories, covering the entire agricultural process. Zoomlion's innovative technology and product development received high praise. The company aims to create a world-class agricultural machinery and equipment hub, leveraging resources from its construction machinery segment. With a dedicated team of over 2,000 experts, Zoomlion has built an extensive sales and service network spanning China and over 70 countries and regions worldwide. The company's overseas business model has contributed to a year-on-year overseas revenue increase of over 100%, making Zoomlion China's top agricultural machinery exporter for three consecutive years.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (Ticker: ZLION) delivers over 200 units of equipment to Australia, Saudi Arabia, Turkey, and Indonesia, emphasizing a localization strategy and the adaptability of its products to various working conditions.
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FAQ
What is the current stock price of ZOOMLION HVY IND UNSP/ADR (ZLIOY)?
The current stock price of ZOOMLION HVY IND UNSP/ADR (ZLIOY) is $7.21 as of December 23, 2024.
What is the market cap of ZOOMLION HVY IND UNSP/ADR (ZLIOY)?
The market cap of ZOOMLION HVY IND UNSP/ADR (ZLIOY) is approximately 8.0B.
What is Zoomlion?
Zoomlion Heavy Industry Science & Technology Co., Ltd. is a prominent Chinese construction machinery and equipment manufacturer.
What were Zoomlion's financial results in 2023?
In 2023, Zoomlion reported an annual revenue of RMB 47.075 billion, a net profit of 3.771 billion yuan, and international revenue of 17.905 billion yuan.
How has Zoomlion expanded its global presence?
Zoomlion has established over 30 primary business hubs and 350 secondary outlets worldwide, with a workforce of over 3000 employees outside China, covering more than 140 countries and regions.
What technologies has Zoomlion focused on?
Zoomlion has prioritized digitization, intelligence, and green initiatives, with breakthroughs in 5G, cloud computing, AI, and other core technologies.
ZOOMLION HVY IND UNSP/ADR