Zoomlion Heavy Industry Science and Technology Co., Ltd. Provides Earnings Guidance for the Period from January 1, 2016 to June 30, 2016
July 14, 2016 at 07:37 am EDT
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Zoomlion Heavy Industry Science and Technology Co., Ltd. provided earnings guidance for the period from January 1, 2016 to June 30, 2016. For the period, the company expected net loss attributable to the equity shareholders of the company in the range of RMB 800,000,000 to RMB 870,000,000 or basic loss per share in the range of approximately RMB 0.10 to RMB 0.11. Reasons for estimated changes in the results are the effect of persistent decline in revenue from construction machinery sector; effect of the compensation for loss of office to employees; and effect of fluctuation in exchange rate.
Zoomlion Heavy Industry Science & Technology Co., Ltd. specializes in the development, manufacturing and marketing of industrial construction equipment. Net sales break down by family of products and services as follows:
- construction equipment (94.2%): concrete machines, cranes truck, crawler trucks, tower cranes, road machinery and road maintenance machinery (motor graders, road rollers, coating cold milling), rotary drills, earth moving equipment (crawler loaders, bulldozers and excavators), materials handling machines, etc.;
- agricultural machinery (4.1%): harvesters, tillers, cultivators, tractors, drying machines, etc.;
- financial services (1.7%).
China accounts for 94.1% of net sales.
ZOOMLION HEAVY INDUSTRY SCIENCE AND TECHNOLOGY CO., LTD. 
