Zoomlion Reports H1 2023 Results: Scale, Quality, and Profitability Growth in Full Swing, with International Revenue Soars by 115.39% YoY
- First-half 2023 sales revenues rose by 13.03% YoY to 24.075 billion yuan (US$ 3.29 billion)
- Net profit attributable to shareholders grew by 18.9% to 2.04 billion yuan (US$ 279.27 million)
- Net profit, adjusted for non-recurring items, increased by 40.31% to 1.688 billion yuan (US$ 231 million)
- Product gross profit rate is up 7.11% YoY, reaching 27.9%
- H1 2023 net profit ratio rose to 9.22%, a 1% YoY increment
- Significant sales growth in international markets, with revenue rising 115.39% YoY
- None.
The net profit attributable to shareholders of the parent company reached
Zoomlion attributes its robust H1 2023 performance to its commitment to high-quality development, emphasizing digital, intelligent, and eco-friendly transformation, focusing on emerging business sectors, and robust international market expansion.
Zoomlion persistently strives to reduce costs and enhance efficiency. It improves operational efficiency by consistently promoting the use of new construction materials, advanced techniques and technologies. This approach ensures ongoing improvement in the quality of operation and management.
Benefiting from digital upgrading, intelligent manufacturing, and the self-development and application of industrial Internet, Zoomlion has successfully reduced the R&D cycle by
During the reporting period, Zoomlion's product gross profit rate is up
In addition to significant results in the three sectors of construction machinery, agricultural machinery and intelligent agriculture, as well as new construction materials, Zoomlion has also made significant strides in international markets, with its H1 2023 revenue rising
Several of Zoomlion's products set Chinese export records in construction and engineering machinery:
- The 800-ton crane shipped to
Argentina wasChina's largest crane export toSouth America . - The 2,850-tonne-meter tower crane delivered to
West Africa wasChina's largest tonnage tower crane exported toAfrica . - The R4300-100 tower crane was
China's largest tonnage tower crane exported toSouth Korea .
View original content to download multimedia:https://www.prnewswire.com/news-releases/zoomlion-reports-h1-2023-results-scale-quality-and-profitability-growth-in-full-swing-with-international-revenue-soars-by-115-39-yoy-301918923.html
SOURCE Zoomlion