-Zoomlion Reports First Half 2023 Results: Scale, Quality and Profitability Growth in Full Swing, with International Revenue Soaring 115.39% YoY
CHANGSHA, China, Sept. 6, 2023/PRNewswire/ — Zoomlion Heavy Industry Science
Net profit attributable to shareholders of the parent company reached 2.04 billion yuan (279.27 million US dollars), an increase of 18.9%. Meanwhile, net profit, adjusted for non-recurring items, rose 40.31% to 1,688 million yuan (231 million US dollars).
Zoomlion attributes its strong performance in the first half of 2023 to its commitment to high-quality development, emphasizing digital, smart and green transformation, focusing on emerging business sectors and strong international market expansion.
Zoomlion persistently strives to reduce costs and improve efficiency. Improves operational efficiency by constantly promoting the use of new construction materials, techniques and advanced technologies. This approach ensures continuous improvement of the quality of operation and management.
By benefiting from digital upgrade, smart manufacturing and self-development and industrial internet application, Zoomlion has successfully reduced the R&D cycle by 31.1% and operating costs by 20.3%. Its world-leading headlamp factory has improved production efficiency by 34.1%, leading to a 35% reduction in the order fulfillment cycle.
During the reporting period, Zoomlion’s product gross profit rate increased 7.11% year-on-year, reaching 27.9%. The gross profit rate in the second quarter stood at 29.04%, up 2.65% month-on-month and up 7.63% year-on-year. Zoomlion has achieved five consecutive quarters of improvement since the first quarter of 2022. This marks the fifth consecutive quarter of growth since the first quarter of 2022. In addition, the net profit ratio for the first half of 2023 increased to 9.22%, a YoY increase of 1%.
In addition to significant results in the three sectors of construction machinery, agricultural machinery and smart agriculture, as well as new building materials, Zoomlion has also made significant progress in international markets, with its H1 2023 revenue increasing by 115%. 39% YoY. Countries like the United Arab Emirates, Saudi Arabia, Turkey, Kazakhstan and Brazil experienced sales growth of over 200%.
Several of Zoomlion’s products set Chinese export records for construction and engineering machinery:
Photo – https://mma.prnewswire.com/media/2202850/image.jpg
View original content: https://www.prnewswire.com/news-releases/zoomlion-primer-semestre-de-2023-los-ingresos-internacionales-se-disparan-un-115-39–interanual-301919647.html
