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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 October 28, 2021, Zoomlion Heavy Industry unveiled the W12000-450, the world's largest top-slewing tower crane, at its facility in Changde, China. This crane, weighing 4,000 tons, boasts a lifting capacity of 450 tons and a height of 400 meters, making it capable of lifting the equivalent of 300 cars to a height of 130 floors. Designed for the Changzhou-Taizhou Yangtze River Bridge project, the W12000-450 utilizes advanced self-developed technologies to ensure safety and performance. Production was completed in just four months, showcasing Zoomlion's capabilities in the construction machinery sector.
CHANGSHA, China, Sept. 23, 2021 /PRNewswire/ -- Zoomlion Heavy Industry is spearheading green transformation in manufacturing, committing 100 billion yuan (USD 15.5 billion) to establish the Zoomlion Smart Industrial City. This initiative will leverage intelligent production lines and an IoT platform to enhance energy efficiency and reduce emissions. The company has also launched several green products, including the world's first pure electric truck crane. Zoomlion aims to further implement sustainable practices across its operations, driving towards carbon neutrality.
On September 16, 2021, Zoomlion Heavy Industry exported the ZCC32000 crawler crane to Turkey, marking it as the largest tonnage crane ever exported from China. The 2,000-ton crane boasts a maximum load moment of 32,000 ton-meters and a boom height of 168 meters. Its advanced design allows for improved performance and adaptability in complex conditions. In H1 2021, Zoomlion reported a 52.28% increase in overseas revenue, with crane products up 60.8% year-on-year. This export is Zoomlion's third record-breaking crane export within a year, highlighting its technological advancements and strong market presence.
Zoomlion Heavy Industry Science & Technology Co., Ltd. (1157.HK) showcased its 5G tower crane remote control system, successfully executing its first hoisting task on June 25, 2021, at Zhengzhou Jiangshan School. The system, developed with Henan Telecom's advanced 5G technology, enhances safety and operational efficiency by enabling remote control. Key features include an all-around video surveillance system, intelligent tracking of crane hooks, status monitoring, and an anti-collision system. Zoomlion aims to continue its digital transformation and bolster product innovation.
Zoomlion Heavy Industry is committed to supporting sports in China, having backed the Hunan weightlifting team for over 17 years. The company donated RMB 1 million (approx. US$154,340) in 2020 and plans another similar donation in August 2021. Beyond financial contributions, Zoomlion engages youth through events like the recent Youth Fun Run, attracting over 500 participants. The company also plays a key role in constructing major sports venues, including stadiums for the FIFA World Cup. Their initiatives aim to inspire athletes and promote a sporting spirit across communities.
Zoomlion Heavy Industry Science & Technology Co., Ltd. (1157.HK) reported significant growth in international markets during H1 2021, characterized by increased exports of construction and agricultural machinery to Europe, North America, and other regions. Notably, its tower cranes were utilized for the Lusail Stadium in Qatar, showcasing the company's product prowess. The firm also expanded its operations in Vietnam and sent 100 earthmoving units to Southeast Asia for infrastructure projects. Driven by rising demand for green-energy equipment, Zoomlion's electric boom aerial work platforms saw sales spikes.
Zoomlion Heavy Industry Science & Technology Co. has launched its new factory in Mantova, Italy, enhancing localized production for tower cranes, automobiles, work platforms, and forklifts. Spanning 20,000 square meters, the facility adheres to European safety and environmental standards, featuring an automatic gas emission monitoring system and solar panels for electricity. This factory aims to strengthen Zoomlion's competitive edge in Europe by integrating R&D, manufacturing, and sales capabilities, thus meeting local market needs and preferences.
Zoomlion Heavy Industry Science & Technology Co., Ltd. (1157.HK) achieved a remarkable milestone by entering the global top five of the 2021 Yellow Table ranking by KHL Group, moving up five spots from the previous year. The company reported a significant operating income of CNY65.109 billion ($9.92 billion) in 2020, marking a 50.34% year-on-year growth. This success is attributed to advancements in intelligent and smart technology, along with substantial upgrades in manufacturing capabilities, further enhancing its global influence and operational efficiency.
Zoomlion Heavy Industry Science & Technology Co., Ltd. launched its tower crane intelligent manufacturing factory in Changde, China, on May 17, 2021. This new facility enhances production efficiency, with one tower crane being produced every 18 minutes, and aims for an annual output value exceeding US$3.11 billion. The factory incorporates advanced technologies, including big data and industrial internet for improved production quality. Additionally, Zoomlion delivered two units of the world's largest wind power luffing jib tower crane, reinforcing its commitment to green development.
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