Zoomlion annual report performance more than double, optimistic construction machinery peak season demand

Zoomlion released the 2019 annual report forecast, the annual net profit of 4.3 billion to 4.5 billion, year-on-year growth of 112.89% to 122.79%.

In 2019, zoomlion achieved a net profit of 4.3-4.5 billion yuan, with a year-on-year growth of 112.89% to 122.79%, mainly due to the good growth of domestic real estate, infrastructure and other downstream industries, and the continuous prosperity of construction machinery industry. Zoomlion's core products, Concrete Machinery and hoisting equipment, are flourishing in both production and marketing, and new products, Earthmoving Machinery and high-altitude work platform have made breakthroughs, with overall growth higher than the average level of the industry. In addition, intelligent manufacturing, scale effect, product upgrade, structure optimization and management level improvement and other factors make the sales scale increase, while the gross profit significantly improved, and the management expense ratio and financial expense ratio decreased faster than the previous year.

The market position of core products continues to improve, and emerging industries are poised for development: zoomlion will restart in 2019. Divisional system ” , the market strategy is more flexible. Core products Concrete Machinery, cranes continue to maintain a leading position, especially the Truck_crane/ 'target='_blank' style='color:blue;'>Truck Crane, 19 years to increase sales efforts, share has increased significantly. Zoomlion is the absolute leader of the industry in China, benefiting from the continuous growth of Tower Crane industry demand, the company fully seize the opportunity to expand capacity, the Tower Crane business will present a high speed growth. The company began to vigorously layout high - altitude work platform, Earthmoving Machinery and other new products. According to the information of the China Daily, the high-altitude work product starts well, maintains the dark horse posture, is expected to become the first echelon enterprise of high-altitude work platform. At present, Earthmoving Machinery has completed the distribution of nationwide provincial sales and service network, and launched new products ze60e-10 and ze75e-10, which are expected to become a strong growth point of the company in the future.

Bullish construction machinery season demand, zoomlion is expected to benefit significantly: on January 13, the state council held a meeting to deploy the work of the first quarter, to speed up the issuance and use of local government special bonds, to promote the construction of projects under construction and the early start of qualified projects, to promote the expansion of effective investment. Unlike last year, when a large proportion was invested in land storage and shantytown renovation projects, the new special bonds issued this year will be mainly invested in infrastructure construction, allowing special bonds to be used as project capital, which is expected to further leverage infrastructure investment. We are optimistic about the construction machinery demand after the spring peak season, the company is expected to benefit significantly.

Previous: China railway construction development group was inaugurated in Beijing

Next: Implement the management system, strengthen the unity of the three, and start a new journey -- shanhe intelligence 2020 annual business work conference was held grandly