Zoomlion Announces Performance Forecast Report in the first half of 2014

www.chinaspv.com: Driven by industry transformation, active cultivation of new sales points and prominent growth of overseas sales, the gross profits of Zoomlion is estimated to 872 million to 1162 million Yuan RMB overall, according to the performance forecast report in the first half of 2014 by Zoomlion Heavy Industry Science and Technology Company (Zoomlion for short), although the net profits of shareholders reduce 60%-70% yearly.

The Performance change mainly conclude from two respects: firstly, operation income of concrete machinery and crane machinery products obviously reduces compared to the same period of the previous year, due to the week market demand. Secondly, Zoomlion focuses on the receivable turnover to control the operation risks. Meanwhile, it actively changes strategy and employs new management mode, even sacrificing some orders.

Notably, the environmental industry and the overseas sales grow up pronominally. During this period, both sales of environmental machinery products and overseas sales gain positive growth. In the overseas market, Zoomline (India) Company set up, making platform mode of “localization of products” in the overseas market; image store is founded in South Africa; high-end market is further extended in European cities such as Belgium, further laying the solid foundation and brand influence.

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