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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 January 4, 2023, Zoomlion Heavy Industry Science & Technology Co. unveiled 32 new energy equipment products and 14 green key components as part of its commitment to sustainable development. This initiative encompasses various sectors, including concrete pumping and mixing trucks. The company achieved a 60% market share in new energy aerial work machinery in 2022.
Zoomlion has made significant advances in lithium battery and hydrogen energy technologies, with 80% of new energy components developed in-house. The firm also introduced innovative machinery, such as the world's first pure electric crawler crane.
Zoomlion Heavy Industry has launched the industry's first intelligent construction packaged solution on December 15, 2022, in Changsha, China. This advanced system features a fleet of 11 intelligent construction equipment pieces, enabling full-process, unmanned construction. Key innovations include the iCES intelligent scheduling system for BIM tasks, a MAS multi-intelligent equipment cooperation system for obstacle prevention, and a 4DT digital twin system enhancing efficiency. These technologies aim to reduce construction time by up to 30% and increase manpower efficiency by 300%, reflecting Zoomlion's commitment to intelligent transformation in construction.
Zoomlion Heavy Industry Science & Technology Co., Ltd. secured a global bid for tower cranes at Lusail Stadium, Qatar, utilized from 2018 to 2021. The TC8039-25 cranes, featuring an unsupported height of 87 meters, played a vital role in the stadium's construction, which holds six world records. The project utilized 100,000 tons of steel over a 45,000 square meter area. Each crane achieved over 15,000 working hours, contributing significantly to the construction's success.
On November 15, 2022, Zoomlion celebrated its 30th Anniversary by announcing the launch of its first excavator produced through intelligent manufacturing at the Excavation Machinery Smart Park. This facility, part of the Smart Industrial City, boasts an impressive production rate of an excavator every six minutes and an annual production capacity of 50,000 units, generating an output value of 30 billion yuan (approximately US$ 4.22 billion). With advanced technologies including AI and 5G, Zoomlion continues to innovate, having developed over 150 industry-leading technologies.
Zoomlion Heavy Industry Science & Technology Co., Ltd. is showcasing a new series of tower cranes and pump trucks tailored for the European market at bauma 2022 in Munich. The R-generation tower cranes, including R220-10S and R90-5RE, offer advanced features such as superlift and precise control for efficient construction. Zoomlion's European subsidiary, Wilber, presents innovative lifting equipment, while CIFA introduces a cutting-edge hybrid concrete spreader. With 55 new products, half made in Europe, Zoomlion emphasizes its commitment to local markets amid its 30th anniversary.
Zoomlion Heavy Industry showcased its advancements at bauma 2022 in Munich, emphasizing digitalisation, intelligence, and sustainability. The company presented several new products, including aerial work platforms (AWP) like the ZA16JERT-Li and ZA20JERT-Li, which feature low noise and zero emissions. Additionally, Zoomlion displayed high-end earthmoving machinery designed for the European market, such as the ZE210GLC excavator, which boasts a 10% reduction in fuel consumption. The focus on intelligent management systems underlines its commitment to innovation.
Zoomlion Heavy Industry has launched the W220-10S, its first flat-top tower crane, co-developed with German partners, in Europe as of June 2022. This milestone represents a significant collaboration aimed at enhancing European market offerings. The W220-10S features local adaptations for safety, intelligence, and customization, reflecting Zoomlion's strategy of win-win cooperation. Since acquiring companies like CIFA and collaborating with MAZ, Zoomlion has seen over 30% revenue growth from overseas operations, highlighting its successful integration and market presence in Europe.
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