Zoomlion Heavy Ind Science & Stock Price, News & Analysis

On April 20, 2023, Zoomlion celebrated the production of the world's largest tower crane, the R2000-720, at its Changde factory. This groundbreaking crane features a 720-ton capacity, a 400-meter height, and a rated torque of 20000 t/m, integrating 158 innovative research achievements and 305 patents. Designed for challenging conditions, it boasts unique features like mobile balancing weight technology, enhancing hoisting performance by over 60%. The manufacturing process was notably efficient, taking only eight months from design to production. Zoomlion's investment in intelligent manufacturing and advanced control systems has boosted production capabilities, enabling the factory to produce various large tower crane models.

Zoomlion Heavy Industry Science & Technology Co., Ltd. reported its 2022 annual results, achieving operating revenue of RMB 41.631 billion (approximately $6.051 billion) and a net profit of RMB 2.306 billion (about $335.2 million). The company experienced a significant increase in overseas revenue, reaching RMB 9.992 billion (about $1.452 billion), an impressive 72.6% year-on-year growth. This segment now accounts for 24% of total revenue, up by 15.38 percentage points. Zoomlion continued progress in digitalization and sustainability, focusing on construction machinery, agricultural machinery, and new construction materials. The company reported strong growth in key international markets and introduced 127 major new products in tech innovation.

Zoomlion Heavy Industry Science & Technology Co., Ltd. participated in CONEXPO-CON/AGG 2023, securing $87.28 million in orders by the exhibition's third day. Compared to its last appearance, Zoomlion's exhibition space increased by nearly 60%, showcasing 22 products across seven categories. Notable agreements included a significant sales contract for 800-ton-level engineering hoisting machinery, marking a record for exports from China to South America. Zoomlion aims to enhance its presence in North America through localization strategies and a robust portfolio tailored to various customer needs.

Zoomlion Heavy Industry Science & Technology Co., Ltd. will showcase 22 products tailored for the North American market at CONEXPO-CON/AGG 2023 in Las Vegas from March 14 to 18. The event, North America's largest construction trade show, will emphasize Zoomlion's commitment to green manufacturing and technological innovation. Key offerings include six models of G-series excavators, a ZTR1100D533 off-road crane, and a 50X-6RZ pump truck. Established in the US since 2007, Zoomlion has focused on global business transformation, supported by an R&D center and a comprehensive local network for sales and logistics.

On February 9, 2023, Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) deployed a rescue team and excavators to assist in earthquake relief efforts in Hatay, Türkiye, following severe tremors that struck the region. A magnitude 7.7 earthquake occurred in Kahramanmaras province, with subsequent quakes causing significant destruction. Zoomlion's team, comprised of professional engineers and machine operators, provided crucial support by sending 18 excavators along with emergency supplies such as blankets and food. Their efforts resulted in the successful rescue of four survivors from a collapsed building, marking a dedicated response to the humanitarian crisis.

On February 6, 2023, two powerful 7.8-magnitude earthquakes struck southeastern Turkey, causing significant casualties and damage. Zoomlion quickly mobilized a rescue team and excavators to Hatay province, one of the worst-hit areas. By February 8, after over 30 hours of continuous work, the team had successfully rescued more than 20 individuals from the debris.

Equipped with electric blankets, emergency supplies, and machinery, Zoomlion's crew faced challenges, including power outages. They used basic tools to create rescue channels, showcasing resilience and dedication in crisis response.