Zoomlion Heavy Industry Science and Technology Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2017
January 30, 2018 at 07:33 am EST
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Zoomlion Heavy Industry Science and Technology Co., Ltd. provided earnings guidance for the year ended December 31, 2017. For the year, the company expects net profit attributable to the equity shareholders of the company of RMB 1,300 million to RMB 1,400 million. Basic earnings per share to be between RMB 0.1701 to RMB 0.1832 per share. The net profit for the full year of the company was positive due to the recovery of construction machinery industry and upgrade of the company's product structure, the company recorded a significant increase in revenue as compared to the corresponding period of last year, among which, the construction machinery segment, the core business of the Company, recorded a significant increase in revenue as compared to the period of 2016.
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. 
