The continued growth of international business is a key reason behind Zoomlion's Q4 and full-year net profit growth exceeding expectations. Based on the company's third quarter report, international business income was
The company operates in over 138 countries, boasting 350+ outlets and 3,000 international employees, constituting over 90% of its workforce. Future plans aim to have international business account for more than 50%. Key exports, such as construction cranes and earthmoving machinery, are prominent in Belt and Road Initiative countries. Utilizing an end-to-end direct business system, the company foresees enhanced market coverage and product penetration. The upcoming Zoomlion Smart Industrial City is expected to boost manufacturing efficiency and product quality through advanced technologies and digital applications. The company's performance forecast emphasizes operational improvements through comprehensive transformations, digital applications, and cost reduction measures.
In recent years, Zoomlion has accelerated its international business model transformation through the global village and localization concepts, achieving notable progress in key products and markets. By 2023, it claimed the highest market share in the engineering crane sector in the
A significant achievement was the bulk export launch of earth-moving machinery to
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SOURCE Zoomlion
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