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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.
On April 20, 2023, Zoomlion celebrated the production of the world's largest tower crane, the R2000-720, at its Changde factory. This groundbreaking crane features a 720-ton capacity, a 400-meter height, and a rated torque of 20000 t/m, integrating 158 innovative research achievements and 305 patents. Designed for challenging conditions, it boasts unique features like mobile balancing weight technology, enhancing hoisting performance by over 60%. The manufacturing process was notably efficient, taking only eight months from design to production. Zoomlion's investment in intelligent manufacturing and advanced control systems has boosted production capabilities, enabling the factory to produce various large tower crane models.
Zoomlion Heavy Industry Science & Technology Co., Ltd. reported its 2022 annual results, achieving operating revenue of RMB 41.631 billion (approximately $6.051 billion) and a net profit of RMB 2.306 billion (about $335.2 million). The company experienced a significant increase in overseas revenue, reaching RMB 9.992 billion (about $1.452 billion), an impressive 72.6% year-on-year growth. This segment now accounts for 24% of total revenue, up by 15.38 percentage points. Zoomlion continued progress in digitalization and sustainability, focusing on construction machinery, agricultural machinery, and new construction materials. The company reported strong growth in key international markets and introduced 127 major new products in tech innovation.
Zoomlion Heavy Industry Science & Technology Co., Ltd. participated in CONEXPO-CON/AGG 2023, securing $87.28 million in orders by the exhibition's third day. Compared to its last appearance, Zoomlion's exhibition space increased by nearly 60%, showcasing 22 products across seven categories. Notable agreements included a significant sales contract for 800-ton-level engineering hoisting machinery, marking a record for exports from China to South America. Zoomlion aims to enhance its presence in North America through localization strategies and a robust portfolio tailored to various customer needs.
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