Zoomlion Heavy Industry Science & Technology Co Class H ( (ZLIOF) ) has released its Q4 earnings. Here is a breakdown of the information Zoomlion Heavy Industry Science & Technology Co Class H presented to its investors.
Zoomlion Heavy Industry Science & Technology Co., Ltd. is a leading Chinese company specializing in the research, development, manufacturing, and sale of construction and agricultural machinery, as well as providing finance lease services.
Zoomlion’s latest earnings report for the year ended December 31, 2024, reveals a slight decline in revenue and profit compared to the previous year. The company’s revenue from continuing operations reached RMB45,478 million, marking a 3.39% decrease from 2023, while profit attributable to equity shareholders stood at RMB3,521 million, down by 0.82%.
Key financial metrics include a gross profit of RMB12,810 million, a slight decrease from the previous year. The company experienced a reduction in research and development expenses, which fell to RMB2,769 million from RMB3,441 million in 2023. Despite the overall decline in revenue, the agricultural machinery segment saw significant growth, with revenue increasing to RMB4,646 million from RMB2,089 million in 2023.
Zoomlion’s board proposed a final dividend of RMB0.3 per share, reflecting the company’s commitment to returning value to shareholders. The company also highlighted its strategic focus on expanding its presence outside mainland China, with revenue from international markets increasing to RMB23,314 million.
Looking ahead, Zoomlion remains focused on enhancing operational efficiency and exploring growth opportunities in both domestic and international markets. The management is optimistic about the company’s ability to navigate challenges and capitalize on emerging opportunities in the machinery sector.