Zoomlion overseas market account for 24% of total revenue

Date:2023-04-13 Author:Rosy Source:www.chinaspv.com

April 13, 2023, China, Lately, Zoomlion released its 2022 annual performance report. During the report period, Zoomlion has achieved operating revenue of $US6.06 billion and net profit attributable to shareholders of the listed company of $US335.7 million. The proportions of emerging sectors and overseas businesses in Zoomlion’s overall revenue have significantly increased, and Zoomlion has strong momentum for subsequent growth.

During the report period, Zoomlion continuously strengthened scientific and technological innovation, led the transformation and upgrading of digital, intelligent and green technologies, and laid a solid foundation for Zoomlion’s high-quality development.

In 2022, Zoomlion developed and produced 127 major new products, conducted 330 key core technology research projects, and developed the world’s largest 2400-ton all-terrain crane, the world’s longest 70m 55-ton 5-axle pump truck, China’s first 4LZ-15F self-propelled grain combine harvester and other blockbuster products. Moreover, based on the technological accumulation and realization of single machine intelligence, human-machine collaboration and cluster collaboration, Zoomlion took the lead in creating a new full-process digital closed-loop construction model, and created the industry's first green and intelligent construction site.

During the report period, Zoomlion’s advanced intelligent manufacturing technology application research has been rapidly transformed, and intelligent parks such as the Zoomlion Intelligent Industrial City Earthmoving Machinery Park, the only production base in the world that has achieved full-process intelligent manufacturing of excavators. The construction of engineering hoisting machinery, pumping machinery, aerial work machinery and other intelligent parks has been orderly promoted, and an intelligent manufacturing industry cluster is accelerating the formation.

During the report period, Zoomlion has applied for a total of 1017 patents in “digital, intelligent and green” technologies, including 465 green technology patents, 115 digital technology patents and 437 intelligent technology patents; the number of national green product evaluation standards formulated by Zoomlion ranked first in the industry.
 
In addition, Zoomlion continued to deepen cost reduction and efficiency increase, and to improve quality and efficiency of operation and management. During the report period, Zoomlion has carried out cost reduction and efficiency increase through continuous promotion of supplier integration, application and replacement of new materials, new processes and new technologies, localization of imported parts, and improvement of ratio of self-made key parts.  
Zoomlion will continue to anchor the high-quality development goal, adhere to the business policy of “active business strategies and robust financial plans”, accelerate transformation and upgrading of digital, intelligent and green technologies, firmly grasp the opportunities for market recovery, and fully promote international development. Due to contributions of product and capital markets and breakthroughs of industrial echelons, Zoomlion has achieved stable and high-quality development.

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