{"id":474176,"date":"2021-04-09T08:22:33","date_gmt":"2021-04-09T12:22:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474176"},"modified":"2021-04-09T08:22:33","modified_gmt":"2021-04-09T12:22:33","slug":"zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/","title":{"rendered":"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHANGSHA, China<\/span>, <span class=\"xn-chron\">April 9, 2021<\/span> \/PRNewswire\/ &#8212; On <span class=\"xn-chron\">March 30<\/span>, Zoomlion Heavy Industry Science &amp; Technology Co., Ltd. (&#8220;Zoomlion&#8221;; 1157.HK) released its 2020 annual report. <\/p>\n<p>\n        <b>Key Financial Highlights:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Operating income<\/b> reached <span class=\"xn-money\">CNY65.109 billion<\/span> (<span class=\"xn-money\">$US9.92 billion<\/span>), a year-on-year increase of 50.34%. <\/li>\n<li>\n          <b>Net profit attributable to shareholders of the listed company <\/b>reached <span class=\"xn-money\">7.281 billion yuan<\/span> (<span class=\"xn-money\">$US1.11 billion<\/span>), a year-on-year increase of 66.55%.<\/li>\n<\/ul>\n<p>&#8220;Zoomlion experienced a strong 2020,&#8221; stated Mr. Yang Duzhi, Secretary of the Board of Directors of Zoomlion. &#8220;Driven by the solid performance of the company&#8217;s core products and industry-leading profitability, the company reported a record high in revenue during the reporting period.&#8221; <\/p>\n<p>\n        <b>Operational Achievements:<\/b>\n      <\/p>\n<p>In 2020, the company&#8217;s construction machinery business achieved sales revenue of <span class=\"xn-money\">61.383 billion yuan<\/span> (<span class=\"xn-money\">$US9.35 billion<\/span>), representing a year-on-year increase of 49.75%. The market share of Zoomlion&#8217;s leading and core products such as <b>crane machinery<\/b> and <b>concrete machinery<\/b> is expanding faster than the average level in the industry. Sales of <b>tower crane machinery <\/b>hit a record high, retaining first spot in the global market. Market share of <b>truck cranes above 30 tonnes capacity<\/b>, <b>crawler cranes<\/b> as well as <b>long-boom pump trucks<\/b>, <b>truck-mounted concrete pumps<\/b>, and <b>concrete mixing plants<\/b> remains at the top of the domestic market. <\/p>\n<p>Zoomlion also made breakthroughs in potential markets such as the <b>earthmoving machinery<\/b> and <b>aerial work platforms<\/b> (AWP) markets. The sales of earthmoving machinery surged to sixth spot in the domestic market, thanks to its product innovation as well as its sales and marketing strategy. With a fully upgraded lithium battery power system, Zoomlion launched over 40 green intelligent AWPs as of 2020, which enables the product to maintain its leading position in the industry.\u00a0 <\/p>\n<p>\n        <b>International Achievements:<\/b>\n      <\/p>\n<p>&#8220;Zoomlion also excelled in the global market. By continuously implementing a localization strategy, Zoomlion&#8217;s international presence witnessed exceptional growth, with export sales of construction crane machinery increasing by more than 35% year-on-year,&#8221; said Mr. Yang. &#8220;The company has established a global manufacturing, sales, and service network that covers over 100 countries and regions, creating core competitiveness in local markets.&#8221;<\/p>\n<p>The ZCC9800 crawler crane set the record as the largest tonnage crawler crane exported to mature global markets from <span class=\"xn-location\">China<\/span>. Multiple industrial parks and production bases were established in <span class=\"xn-location\">Belarus<\/span>, <span class=\"xn-location\">Kazakhstan<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">Pakistan<\/span>, <span class=\"xn-location\">Indonesia<\/span>, and <span class=\"xn-location\">Thailand<\/span> to boost local production. Its subsidiary CIFA has also realized localized production and sales of cranes in <span class=\"xn-location\">Italy<\/span>.<\/p>\n<p>The company will continue to accelerate its digital transformation, further invest in R&amp;D to upgrade technological products, and deliver strong results for its shareholders. <\/p>\n<p>\n        <b>About Zoomlion<\/b>\n      <\/p>\n<p>Founded in 1992, Zoomlion Heavy Industry Science &amp; Technology Co., Ltd. (01157.HK) is a high-end equipment manufacturing enterprise that integrates engineering machinery, agricultural machinery, and financial services. The company now sells more than 600 cutting-edge products from 56 product lines covering ten significant categories.<\/p>\n<p>\n        <a target=\"_blank\" href=\"http:\/\/www.zoomlion.com\/\" rel=\"nofollow noopener noreferrer\">www.zoomlion.com<\/a>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN37610&amp;sd=2021-04-09\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion-301265804.html\">http:\/\/www.prnewswire.com\/news-releases\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion-301265804.html<\/a><\/p>\n<p>SOURCE  Zoomlion<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN37610&amp;Transmission_Id=202104090819PR_NEWS_USPR_____CN37610&amp;DateId=20210409\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHANGSHA, China, April 9, 2021 \/PRNewswire\/ &#8212; On March 30, Zoomlion Heavy Industry Science &amp; Technology Co., Ltd. (&#8220;Zoomlion&#8221;; 1157.HK) released its 2020 annual report. Key Financial Highlights: Operating income reached CNY65.109 billion ($US9.92 billion), a year-on-year increase of 50.34%. Net profit attributable to shareholders of the listed company reached 7.281 billion yuan ($US1.11 billion), a year-on-year increase of 66.55%. &#8220;Zoomlion experienced a strong 2020,&#8221; stated Mr. Yang Duzhi, Secretary of the Board of Directors of Zoomlion. &#8220;Driven by the solid performance of the company&#8217;s core products and industry-leading profitability, the company reported a record high in revenue during the reporting period.&#8221; Operational Achievements: In 2020, the company&#8217;s construction machinery business achieved sales revenue of 61.383 billion yuan &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474176","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHANGSHA, China, April 9, 2021 \/PRNewswire\/ &#8212; On March 30, Zoomlion Heavy Industry Science &amp; Technology Co., Ltd. (&#8220;Zoomlion&#8221;; 1157.HK) released its 2020 annual report. Key Financial Highlights: Operating income reached CNY65.109 billion ($US9.92 billion), a year-on-year increase of 50.34%. Net profit attributable to shareholders of the listed company reached 7.281 billion yuan ($US1.11 billion), a year-on-year increase of 66.55%. &#8220;Zoomlion experienced a strong 2020,&#8221; stated Mr. Yang Duzhi, Secretary of the Board of Directors of Zoomlion. &#8220;Driven by the solid performance of the company&#8217;s core products and industry-leading profitability, the company reported a record high in revenue during the reporting period.&#8221; Operational Achievements: In 2020, the company&#8217;s construction machinery business achieved sales revenue of 61.383 billion yuan &hellip; Continue reading &quot;Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T12:22:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN37610&amp;sd=2021-04-09\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion\",\"datePublished\":\"2021-04-09T12:22:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/\"},\"wordCount\":477,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN37610&amp;sd=2021-04-09\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\\\/\",\"name\":\"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/","og_locale":"en_US","og_type":"article","og_title":"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion - Market Newsdesk","og_description":"PR Newswire CHANGSHA, China, April 9, 2021 \/PRNewswire\/ &#8212; On March 30, Zoomlion Heavy Industry Science &amp; Technology Co., Ltd. (&#8220;Zoomlion&#8221;; 1157.HK) released its 2020 annual report. Key Financial Highlights: Operating income reached CNY65.109 billion ($US9.92 billion), a year-on-year increase of 50.34%. Net profit attributable to shareholders of the listed company reached 7.281 billion yuan ($US1.11 billion), a year-on-year increase of 66.55%. &#8220;Zoomlion experienced a strong 2020,&#8221; stated Mr. Yang Duzhi, Secretary of the Board of Directors of Zoomlion. &#8220;Driven by the solid performance of the company&#8217;s core products and industry-leading profitability, the company reported a record high in revenue during the reporting period.&#8221; Operational Achievements: In 2020, the company&#8217;s construction machinery business achieved sales revenue of 61.383 billion yuan &hellip; Continue reading \"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-09T12:22:33+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN37610&amp;sd=2021-04-09","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion","datePublished":"2021-04-09T12:22:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/"},"wordCount":477,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN37610&amp;sd=2021-04-09","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zoomlion-announces-2020-annual-results-revenue-surged-50-34-yoy-to-reach-a-record-breaking-us9-92-billion\/","name":"Zoomlion Announces 2020 Annual Results: Revenue Surged 50.34% YoY to Reach a Record-breaking $US9.92 billion - 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