Zoomlion 2024: Forging New Growth Pathways Through Diversification, Globalization and Digital Transformation

Rhea-AI Summary

Zoomlion (ZLIOY) has released its 2024 annual report, showcasing strong financial performance with total revenue of 45.48 billion yuan and net profit of 4 billion yuan, representing a 6.31% year-over-year increase. The company's gross profit margin improved to 28.17%, up 1.04 percentage points, while net profit margin reached 8.81%, up 0.8 percentage points.

A significant highlight is the company's international expansion, with overseas revenue reaching 23.38 billion yuan, a 30.58% increase year-over-year, now accounting for 51.41% of total revenue. The company operates over 400 overseas outlets across 170+ countries, employing 4,400 local staff representing 70% of its international workforce.

The company has implemented comprehensive digital transformation initiatives, including the operation of four main machinery parks at Zoomlion Smart City. A cash dividend of 3 yuan per 10 shares has been announced for shareholders.

Positive

• Net profit increased 18.39% YoY (excluding share-based payment expenses)
• Gross profit margin improved by 1.04 percentage points to 28.17%
• Overseas revenue grew 30.58% YoY, reaching 51.41% of total revenue
• Strong international expansion with 59.26% CAGR in export revenue over past three years
• Cash dividend announcement of 3 yuan per 10 shares

Negative

• Share-based payment expenses increased by 0.59 billion yuan
• Including share-based payments, net profit growth was to 6.31%

CHANGSHA, China, March 25, 2025 /PRNewswire/ -- On March 24, Zoomlion released its 2024 annual report. The company achieved a total annual revenue of 45.48 billion yuan, with a net profit of 4 billion yuan, reflecting a year-on-year increase of 6.31%. The company's share-based payment expenses for 2024 amounted to 0.87 billion yuan, up by 0.59 billion yuan compared to the previous year. Excluding the impact of share-based payment expenses, the net profit for the year increased by 18.39% year-on-year. The gross profit margin for the year stood at 28.17%, up by 1.04 percentage points year-on-year. The net profit margin reached 8.81%, representing a year-on-year increase of 0.8 percentage points. Meanwhile, the company plans to distribute a cash dividend of 3 yuan (tax included) per 10 shares.

During the reporting period, the company's overseas revenue reached 23.38 billion yuan, marking a year-on-year increase of 30.58%. The share of overseas revenue further rose to 51.41%, up by 13.37 percentage points year-on-year. Over the past three years, the company's export revenue has achieved a compound annual growth rate (CAGR) of 59.26%. The globalization transformation has created vast market opportunities for all business segments, while the "continuous growth" trend in overseas markets has significantly reduced the company's cyclical nature.

By the End of 2024, the company operated more than 400 overseas outlets, with its products reaching over 170 countries. The company employed 4,400 local staff overseas, accounting for 70% of its international workforce, and maintained over 210 service and spare parts warehouses.

In recent years, Zoomlion has undergone a comprehensive digital transformation, achieving end-to-end integration from R&D and supply chain to market and sales, resulting in standardized, transparent, and efficient operations. the four main machinery parks for earthmoving machinery, aerial work platforms, concrete machinery, and mobile cranes at Zoomlion Smart City have been already put in production, as a benchmark for "multi-variety, small-batch" discrete manufacturing in the field of intelligent manufacturing worldwide. While vigorously enhancing the company's competitive advantage, it will also provide excellent training scenarios and data for the development of the company's specific intelligent business in the future.

In 2024, the company accelerated its transformation and upgrade toward diversification, internationalization, and digitalization, actively cultivating new growth curves. These transformation initiatives have significantly enhanced the company's development stability, effectively mitigating cyclical impacts. They have also injected continuous growth momentum, guiding the company toward a sustainable development path.

View original content:https://www.prnewswire.com/news-releases/zoomlion-2024-forging-new-growth-pathways-through-diversification-globalization-and-digital-transformation-302410381.html

SOURCE Zoomlion

FAQ

What was Zoomlion's (ZLIOY) revenue and profit growth in 2024?

Zoomlion achieved revenue of 45.48 billion yuan and net profit of 4 billion yuan, representing a 6.31% YoY increase. Excluding share-based payments, net profit grew 18.39%.

How much did Zoomlion's (ZLIOY) overseas revenue grow in 2024?

Overseas revenue reached 23.38 billion yuan, up 30.58% YoY, accounting for 51.41% of total revenue.

What dividend will Zoomlion (ZLIOY) distribute for 2024?

Zoomlion plans to distribute a cash dividend of 3 yuan (tax included) per 10 shares.

What was Zoomlion's (ZLIOY) gross profit margin in 2024?

The gross profit margin stood at 28.17%, increasing by 1.04 percentage points year-on-year.

How many overseas outlets does Zoomlion (ZLIOY) operate as of 2024?

Zoomlion operates more than 400 overseas outlets across 170+ countries, with 210+ service and spare parts warehouses.