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Zoomlion Heavy Industry Science and Technology Co., Ltd. - ZLIOY STOCK NEWS

Welcome to our dedicated news page for Zoomlion Heavy Industry Science and Technology Co., Ltd. (Ticker: ZLIOY), a resource for investors and traders seeking the latest updates and insights on Zoomlion Heavy Industry Science and Technology Co., Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zoomlion Heavy Industry Science and Technology Co., Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zoomlion Heavy Industry Science and Technology Co., Ltd.'s position in the market.

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Zoomlion showcased its latest advancements at INTERMAT 2024 in Paris, featuring cutting-edge products focused on sustainability and intelligence. The exhibit included smart machinery like the R135-8RA tower crane with remote operation capabilities. The company emphasized new energy products and energy-efficient technologies, targeting low-carbon development. Zoomlion's strategic localization efforts and partnerships in Europe aim to enhance market penetration. With a strong focus on digital strategies, Zoomlion has seen significant international growth and expansion.
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Zoomlion Heavy Industry Science & Technology Co., will showcase upgraded products at INTERMAT 2024, focusing on greener and intelligent construction machinery. The company's European subsidiaries will also present classic products. Zoomlion emphasizes innovation and green energy-saving technologies in its latest generation of products.
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Zoomlion Heavy Industry Science & Technology Co., released its 2023 annual report, showing a 13.08% increase in annual revenue to RMB 47.075 billion and a 58.13% increase in net profit to 3.771 billion yuan. The company's international revenue reached a record high of 38.04% of total revenue, with a 79.2% year-on-year increase. Zoomlion's market position in traditional and emerging sectors improved, with gross profit margins rising by 5.7% to 27.54%.
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Rhea-AI Summary
Zoomlion's 2023 Annual Report showcases a remarkable 79.2% YoY increase in international revenue, reaching 17.905 billion Chinese Yuan. The company achieved a total revenue of 47.075 billion Chinese Yuan, with a net profit of 3.771 billion Chinese Yuan. Zoomlion's market position in various sectors improved significantly, with gross profit margins rising by 5.7% to 27.54%.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. kicked off 2024 by dispatching equipment worth over RMB 1.2 billion to global destinations. The company secured over RMB 5.4 billion in overseas orders and sent out various products including cranes, tower cranes, concrete machinery, and agricultural machinery. Zoomlion aims for high-quality development in 2024 with a focus on innovation and excellence.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. predicts a significant year-on-year increase in net profit in 2023, attributing it to international market penetration, emerging business segments, and internal cost reduction. The company's Q3 report shows a 100.5% year-on-year increase in international business income, with plans to further expand its international presence. Notable achievements include market share leadership in the Middle East and Russian-speaking areas, record-breaking exports to South America and the Philippines, and significant orders from international customers.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. achieved a remarkable feat with its 3,600-ton ZCC89000 crawler crane, breaking two world records for the heaviest single lift and fastest lifting speed during the installation of three slurry bed reactors in Zhejiang Province, China. The crane played a crucial role in the construction of a slurry bed residue hydrogenation plant, enabling green, low-carbon, and precise refining operations with high efficiency. This achievement advanced the construction schedule by two months, boosting significant economic and social benefits. The project is currently the largest of its kind in the field of refining and chemical integration under construction in China, and it's also the world's largest investment in a single industrial project.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. successfully delivered nearly 200 units of earthmoving machinery equipment to Australia and Europe, marking a significant milestone in its international expansion. The company has been enhancing its product competitiveness, diversifying its product range, and steadily improving product adaptability, leading to boosted global sales and increased brand influence. Additionally, Zoomlion opened its first 4S shop in Brisbane, Australia, and delivered the first batch of concrete agitator trucks to Australia, showcasing its commitment to localized service and product development. In the European market, Zoomlion participated in major trade shows and signed orders totaling 30 million yuan. Assistant general manager Zheng Zhe expressed optimism for the company's future, emphasizing a point-to-point and localization-oriented overseas development strategy.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (1157.HK) is accelerating growth and innovation in the Middle East with strategic development and collaborative innovation. The company's recent business highlights include securing contracts for 85 types of equipment in the UAE and Saudi Arabia, totaling over 200 million Yuan, with prospective orders of over 500 million Yuan. In Saudi Arabia, sales surged by more than 170% year-on-year, contributing to significant infrastructure projects. The company also signed contracts and prospective orders totaling over 35 million Yuan in Oman and unveiled innovative crane models tailored for oil field operations. Zoomlion is set to expand its localization efforts by establishing new subsidiaries in Qatar and Kuwait.
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Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion, 1157.HK) demonstrates engineering prowess by constructing China's fifth Antarctic research station on Inexpressible Island in Terra Nova Bay, Ross Sea. The 5,244 square meter Station will house up to 80 researchers and support multi-disciplinary research in atmospheric and marine environments, and biological ecology.
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Zoomlion Heavy Industry Science and Technology Co., Ltd.

OTC:ZLIOY

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7.38B
5.48B
Farm & Heavy Construction Machinery
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China
Changsha