Zoomlion Heavy Ind Science & - ZLIOY STOCK NEWS

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.

Zoomlion Heavy Industry Science & Technology Co. Ltd. reported a remarkable 2020, with operating income soaring to CNY65.109 billion (USD9.92 billion), a 50.34% year-on-year increase. Net profit attributable to shareholders rose by 66.55% to CNY7.281 billion (USD1.11 billion). The construction machinery segment generated CNY61.383 billion (USD9.35 billion) in sales revenue, up 49.75%. Notably, Zoomlion's global exports of construction crane machinery grew by over 35%, reflecting successful international expansion and localization strategies.

On March 5, 2021, Zoomlion Heavy Industry signed a significant order with Turkey's largest crane leasing company for the ZCC32000W, a 2000-ton crawler crane, marking a record in China's crane manufacturing. Valued over 100 million yuan (approx. $15.3 million), the deal emphasizes Zoomlion's entry into the international high-end super large-tonnage crane market. This order follows the successful deployment of the ZCC9800W crane, which has surpassed competitors in efficiency. In Q1 2021, Zoomlion reported record shipment volumes, demonstrating robust growth in the construction machinery industry.

Zoomlion Heavy Industry Science & Technology Co. delivered flagship products worth CNY1.1 billion ($154.79 million) on February 18, 2021. The delivery included 12 large-tonnage crawler cranes designed for the wind power market, meeting installation heights of 170 meters and lifting capacities of 3,600 tons. The company reported a record sales figure of 5.3 billion yuan ($820.33 million) for crawler cranes in 2020, with orders scheduled until September 2021 and a target of 10 billion yuan ($1.55 billion) for the year. Zoomlion aims for a 100 billion yuan valuation through high-quality developments.

Zoomlion Heavy Industry Science & Technology Co., Ltd. reported a projected net profit of 7 to 7.5 billion yuan ($1.08-$1.16 billion) for 2020, reflecting a growth of 60-72% year-on-year. The company attributes its success to strong international sales despite global economic downturns, driven by significant investments in R&D and localization strategies. Zoomlion aims to enhance its global presence, having hired over 200 local employees in various countries during the pandemic. The company anticipates a recovery in the global economy in 2021 and plans to extend its business resources internationally.

Zoomlion Heavy Industry has launched the world's first enterprise tower crane safety declaration during the 2020 Tower Crane Safety Summit, emphasizing its commitment to enhancing industry safety standards. The declaration outlines 11 core safety standards across four categories, ensuring rigorous quality control beyond European benchmarks. As of September 14, 2020, Zoomlion's construction hoisting machinery deliveries exceeded 10 billion yuan (approximately US$1.47 billion), affirming its leading position in the global tower crane market. Currently, over 80% of tower cranes in Xiong'an are supplied by Zoomlion.