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Zoomlion: Maintained high-quality growth in the first quarter, with outstanding performance in overseas business and emerging industries

April 30, 2024

On the evening of April 29,Zoomlion Releases First Quarterly Report for 2024。The report shows,The company achieved operating income of 117 in the first quarter of 2024.7.3 billion yuan,Year-on-year growth of 12.93%,Foreign income 57.0.3 billion yuan,Year-on-year growth of 52.85%(Exports increased by 60% year-on-year.95%);The net profit attributable to the parent company was 9..1.6 billion,Year-on-year growth of 13.06%;The net profit deducted from non-attributable parent is 7..7.7 billion,Year-on-year growth of 19.45%。

Strong growth of echelon kinetic energy

Advantages of industrial diversification are bright  

First quarter of 2024,Zoomlion Accelerates the Development of New Quality Productivity,Accelerate the cultivation and expansion of emerging businesses with high growth rate,Strong growth momentum。Among,The traditional advantage plate keeps leading steadily.、Market position continues to grow。At the same time,The company's emerging plate business is competing for breakthroughs.,Market position significantly improved,Both achieved rapid growth year on year.,Revenue has accounted for more than 45 percent%。

Earth-moving machinery revenue continues to increase with high quality,Industry-leading profitability,Market share continues to increase;The sales scale of AeriaL Work Machinery rapidly ranked the first echelon of Chinese brands.,For the domestic models of the most complete high-altitude equipment manufacturers.,Electrification penetration rate over 90%;The scale of agricultural machinery has doubled,At the same time, the gross profit margin has increased significantly.;The sales scale of Mining Machinery grew rapidly year on year.,And the gross profit rate is higher.、Profitability is outstanding。

Export growth continues to lead

Further diversification of global regional distribution  

The company firmly adheres to the international development strategy with the characteristics of Zhonglian.,With“The global village、End-to-end、Twin platform”As the main line of strategic development,Make full use of Internet thinking,Build unique based on“End-to-end、Digitize、Localization”Overseas business system,The overseas business has shown a partial breakthrough to a full force.、Strong growth momentum with full effect。

First quarter of 2024,Overseas income of the Company 57.0.3 billion yuan,Year-on-year growth of 52.85%(Exports increased by 60% year-on-year.95%),Overseas business revenue accounted for 48 percent%,A significant increase of 10% over 2023pct,Key products and markets continue to grow strongly,The growth rate continues to be significantly ahead of the industry。

Among,Central Asia、Middle East、Southeast Asia and other original dominant markets grew rapidly.,Latin America、Africa、India、Europe、North American exports have achieved rapid growth of more than double.,In particular, the proportion of Europe and North America has increased significantly.,The regional structure of the company's overseas sales is further diversified and optimized.。

Profitability ranks first in the industry

Industry status and product advantages are highlighted 

In recent years,Zoomlion firmly grasps“Four extremes”The mind of,By strengthening the construction of supply chain system、Technology cost reduction、Improve the self-made rate of core components、Domestic substitution continues to accelerate、The application of new materials, new technologies and other cost reduction measures.,Turn extreme cost into stability、Sustainable Competitive Advantage。

First quarter of 2024,The company's gross profit margin is 28.65%,Year-on-year increase of 2.3 percentage points,The highest level in the industry;Net profit margin 8.7%,Year-on-year increase of 0.5pct;The highest gross profit margin,The net profit margin is added back to 2.More than 10% after 1.6 billion yuan of equity payment%,It is also the highest in the industry。

Industry experts said,With the stable development of the global economy and the effectiveness of domestic regulatory policies.,China's Construction Machinery Enterprises Are Expected to Continue High Prosperity Overseas,The domestic market is also expected to further stabilize and rebound.。Zoomlion will seize new opportunities in the industry,Accelerate digitization、Intelligent、Green transformation,Continuous improvement of competitive advantage,Continue to consolidate and develop the international and domestic markets,Achieve their own high-quality new development。