Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) has published 
an attributable net profit of 7 to 7.5 billion yuan ($US1.08-1.16 billion) in 
its 2020 performance forecast released on January 20, achieving 60-72 percent 
year-on-year growth. Profit after deduction of non-recurring gains and losses 
increased by 74-93.5 percent year-on-year.

Despite the downtrend in the global economy, Zoomlion's sales revenue in 
international markets saw a strong upward trend in 2020. Li Bin, deputy general 
manager of Zoomlion Overseas Company, attributed the achievement to the 
company's core competitiveness, especially big investments in research and 
development as well as carrying out an integrated localization strategy.

Zoomlion's R&D program for 4.0 intelligent machinery has brought a lineup of 
industry-leading technologies and products to customers worldwide, and as 
Chinese employees have been unable to travel abroad due to the COVID-19 
pandemic, Zoomlion is hiring more local employees to expand the businesses in 
international markets.

"We'll continue investing in R&D for international markets, we have more 
engineers to study the overseas market and develop usable models," said Li. 
"It's a good time to hire more local employees to assist our business 
worldwide."

During the pandemic, Zoomlion hired over 200 local employees across different 
international markets including Indonesia, Thailand, Russia, UAE, Saudi Arabia 
and more. The company's localization rate in terms of talent has exceeded 85 
percent.

For Zoomlion, it is a big challenge to manage international talents from 
different cultures and religious backgrounds, and the company shows full 
respect to every employee. Zoomlion uses internet platforms such as Zoom and 
WeChat for meetings and shares the company's core values and vision through 
social media platforms including Facebook, Twitter, and YouTube.

"In 2021, from our estimation, there'll be a recovery in the global economy. It 
is our plan to extend our global business with more resources. We will continue 
to collaborate with our partners, colleagues and customers around the world to 
create a beautiful and sustainable future together," remarked Li.

About Zoomlion

Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. 
(01157.HK) is a high-end equipment manufacturing enterprise that integrates 
engineering machinery, agricultural machinery, and financial services. The 
company now sells more than 600 cutting-edge products from 56 product lines 
covering ten significant categories.

SOURCE:Zoomlion