On March 30, Zoomlion Heavy Industry Science & Technology Co., Ltd. 
("Zoomlion"; 1157.HK) released its 2020 annual report. 

Key Financial Highlights:

- Operating income reached CNY65.109 billion ($US9.92 billion), a year-on-year 
increase of 50.34%. 
- Net profit attributable to shareholders of the listed company reached 7.281 
billion yuan ($US1.11 billion), a year-on-year increase of 66.55%.

"Zoomlion experienced a strong 2020," stated Mr. Yang Duzhi, Secretary of the 
Board of Directors of Zoomlion. "Driven by the solid performance of the 
company's core products and industry-leading profitability, the company 
reported a record high in revenue during the reporting period." 

Operational Achievements:

In 2020, the company's construction machinery business achieved sales revenue 
of 61.383 billion yuan ($US9.35 billion), representing a year-on-year increase 
of 49.75%. The market share of Zoomlion's leading and core products such as 
crane machinery and concrete machinery is expanding faster than the average 
level in the industry. Sales of tower crane machinery hit a record high, 
retaining first spot in the global market. Market share of truck cranes above 
30 tonnes capacity, crawler cranes as well as long-boom pump trucks, 
truck-mounted concrete pumps, and concrete mixing plants remains at the top of 
the domestic market. 

Zoomlion also made breakthroughs in potential markets such as the earthmoving 
machinery and aerial work platforms (AWP) markets. The sales of earthmoving 
machinery surged to sixth spot in the domestic market, thanks to its product 
innovation as well as its sales and marketing strategy. With a fully upgraded 
lithium battery power system, Zoomlion launched over 40 green intelligent AWPs 
as of 2020, which enables the product to maintain its leading position in the 
industry.  

International Achievements:

"Zoomlion also excelled in the global market. By continuously implementing a 
localization strategy, Zoomlion's international presence witnessed exceptional 
growth, with export sales of construction crane machinery increasing by more 
than 35% year-on-year," said Mr. Yang. "The company has established a global 
manufacturing, sales, and service network that covers over 100 countries and 
regions, creating core competitiveness in local markets."

The ZCC9800 crawler crane set the record as the largest tonnage crawler crane 
exported to mature global markets from China. Multiple industrial parks and 
production bases were established in Belarus, Kazakhstan, India, Pakistan, 
Indonesia, and Thailand to boost local production. Its subsidiary CIFA has also 
realized localized production and sales of cranes in Italy.

The company will continue to accelerate its digital transformation, further 
invest in R&D to upgrade technological products, and deliver strong results for 
its shareholders. 

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.

www.zoomlion.com 

SOURCE  Zoomlion