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Zoomlion achieved double growth in revenue and gross profit margin in the first quarter, with a good momentum of high-quality development.

April 28, 2023

April twenty seventh,Zoomlion Releases Performance Report for the First Quarter of 2023。The report shows,During the period, the Company achieved operating income of 104.2.6 billion yuan,Year-on-year growth of 4%,Performance growth turned positive;The realized net profit attributable to the shareholders of the Company was 8.One billion yuan,Gross profit margin increased by 6% year-on-year.32 percentage points,Up to 26.39%,Continuous improvement of business quality。The company always focuses on the goal of high-quality development.,Further promote digitalization、Intelligent、Green transformation and upgrading,Continue to expand overseas markets,Maintain a steady trend of high-quality development。

Zoomlion said,2023 is the first year to fully implement the spirit of the 20th National Congress of the CPC.,Yes“Fourteen five”A key year for planning。With the optimization of epidemic prevention and control,As well as the state's increased investment in infrastructure and the initial recovery of the real estate market,The domestic construction machinery market is getting better.,It is a favorable opportunity for superimposed countries to promote stable scale and excellent structure of foreign trade.,The company has performed well.,Demonstrate the strength and resilience of sustained growth。

Revenue growth has turned positive.

Overseas revenue has increased substantially.

First quarter of 2023,Zoomlion Construction Machinery Leading Product Concrete Machinery、Construction hoisting machinery、The competitiveness of construction hoisting machinery has been continuously enhanced.,The market advantage is obvious,Earth-moving machinery、AeriaL Work Machinery and other emerging sectors are competing for breakthroughs.,Achieve rapid growth。At the same time,Zoomlion continues to“The global village”Thinking and“Localization”The concept accelerates the transformation of overseas business model.,Deepen the global market from end to end,Digital enabling business model,Continuous improvement of strategic layout,Continuous breakthroughs in the market,Overseas income continues to grow substantially.。First quarter,The company achieved operating income of 104..2.6 billion yuan,Year-on-year growth of 4%,Revenue growth turned positive year-on-year,Among them, overseas revenue increased by 123.%,International Development Composes a New Chapter。

Since the beginning of 2023,Large orders of Zoomlion's various series of products came one after another.,Continuous product delivery,Drive the rapid growth of the company's revenue。In the domestic market,60 units with new technologyRStand upright on behalf of the Tower Crane“The city of the future”Xiongan,Build a model demonstration site for intelligent control of Tower Crane;Shaanxi Auto Charging and Replacing Integrated Mixers Line up in Order to Shine in the Ice City,It has become the first batch of new energy mixer Trucks put into operation in Heilongjiang Province.;China's first 55-ton longest boom pump Truck with 5 bridges equipped with light high-tech materials——“Ling YunC”Series of five-bridge 72-meter pump Trucks delivered to Xinjiang, etc.,“Aurora Green”The delivery boom has been set off all over the country.。

In overseas markets,Zoomlion products also“Circle powder” Countless :Dozens of Excavator/ 'target='_blank' style='color:blue;'>Large Excavators delivered to Dammam, Saudi Arabia,As well as the subsequent signing of large orders for Earthmoving Machinery, let the Aurora green shine in the Middle East.;Zhonglian Agricultural Machinery has become the single supplier with the largest purchasing share in the Dominican agricultural machinery and equipment batch collection project.;Its 7 categories of 22 products triggered the popularity of the United States.,Win orders of 600 million yuan;Exported to Argentina with 800 tons of locally upgraded and improved cranes,Set a record for the largest tonnage crane exported from China to the South American market;Pump truck with multi-meter section“Group”Go to sea,Among them, the 70-meter pump truck has set a record for the longest boom pump truck exported to Singapore.。


 

 Gross profit margin increased significantly

Product profitability continues to strengthen

During the reporting period,The gross profit margin of Zoomlion was 26..39%,Year-on-year increase of 6.32 percentage points,On a month-on-month basis, it rose 2.2 percentage points,Continuing the upward trend since the first quarter of 2022,The company's profitability has been further improved.

 

Zoomlion said,The increase of gross profit margin is due to the company's vigorous promotion of intelligent manufacturing.,And the utilization efficiency of resources is improved.,The production cost is reduced in all aspects.。Through the implementation of intelligent manufacturing,The average production efficiency of Zoomlion's smart factories in operation has increased by 34 percent.1%,R & D cycle shortened31.1%,Operating costs reduced by 20 percent.3%,Order completion cycle reduced by 35 percent%。At the same time,The company continued to deepen the work of reducing costs and increasing efficiency.,By continuously promoting the application of new materials, new processes and new technologies、Localization of imported parts、Improvement of self-made rate of key parts、End-to-end market change, etc.,Strictly control all costs and expenses,Improve operating efficiency,Continuous improvement of management quality。

The gross profit margin has increased significantly.,In terms of cash flow, Zoomlion has also achieved an increase in the cash ratio.。First quarter,The company's sales cash ratio reached 113.%,Realize efficient cash withdrawal,The net cash flow generated from operating activities of the Company was 2..8.6 billion yuan,The effect of high-quality operation is further highlighted.

The data shows,First quarter of 2023,Average operating rate of construction machinery in China 53.14%,Overall economic recovery、The trend of improving month by month。Zoomlion will seize new opportunities for market recovery,Insist on making excellent products and services.,Continue to develop both domestic and international markets,New achievements have been made in promoting high-quality development of enterprises.。

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