- Zoomlion's 2018 profit jumps 51.65 percent 
- Sales grew 23.3 percent to 28.697 billion yuan 
- Industry expected to continue to benefit from gov-led investment in 2019

Zoomlion Heavy Industry Science and Technology Co, (SZSE:000157) a leading 
Chinese maker of engineering equipment, posted a 51.65 percent jump in 2018 
earnings, as a focus on intelligence and strict cost control boosted 
profitability and financial strength.       

"Zoomlion has adopted new approaches, unleashed new development momentum, and 
emerged from the bottom of a U-shaped growth curve, to enter a new stage of 
quality-driven capacity growth," Chairman Zhan Chunxin said in the annual 
report, published on March 29.

Zoomlion's net income attributable to shareholders increased 51.65 percent to 
2.02 billion yuan in 2018, while sales grew 23.3 percent to 28.697 billion 
yuan. Gross margins jumped nearly six percentage points to 27.09 percent thanks 
to cost-cutting in finance, management and marketing. The company's operating 
cash flow jumped 77.63 percent to a record 5.064 billion yuan, paving the way 
for healthy, sustainable growth. 

In 2018, China's construction machinery industry benefited from an economically 
stable domestic market, and increased demand for new equipment as a result of 
Beijing's stepped up environmental and infrastructure investment policies. 
Taking advantage of favorable conditions, Zoomlion merged its core business of 
manufacturing with a new digitization strategy, accelerating its transformation 
into an "intelligent manufacturer" with "smart products."       

In the construction sector, the company steadily expanded market share in 
existing segments, entered new arenas and improved both the scale and quality 
of hero-line products. 

Zoomlion maintained its top market share in the construction crane machinery 
and concrete long-arm pump truck sector; launched an integrated network for the 
G-series next-generation earth moving machinery products; and charged into 
theaerial work platform sector, releasing eight high-end, intelligent models 
across three categories in October.

Zoomlion entered the industrial Internet field with the founding of ZValley 
Company and established themselves as an AI-equipment maker.

Globally, Zoomlion continues to speed up the development of overseas production 
bases, forming local manufacturing clusters along the "One Belt, One Road" 
initiative. Expanding operations in several countries the company has:

- Upgraded the Italy-based CIFA from a regional firm into a global company 
- Fostered the establishment of m-tec in China to introduce the German high-end 
manufacturing and service standards to the country 
- Continuously accelerated the construction of the China-Belarus Industrial 
Park project

Looking ahead, Zoomlion will continue to strengthen its management and 
technology capabilities and embrace the future of technologically integrated 
engineering equipment. 

For more information, please visit: http://en.zoomlion.com/

About Zoomlion  

Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. 
(Zoomlion) (SZSE:000157) is a high-end equipment manufacturing enterprise that 
integrates engineering machinery, agricultural machinery and financial 
services. The company now sells nearly 460 cutting-edge products from 55 
product lines covering ten major categories.

SOURCE  Zoomlion