Zoomlion Heavy Industry Science and Technology (000157) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥45.48 billion, down 3.39% year-over-year; net profit attributable to shareholders was ¥3.52 billion, up 0.41% year-over-year.

• Overseas revenue grew over 30%, now accounting for more than half of total revenue.

• Traditional product lines maintained strong domestic positions; new businesses and agricultural machinery saw rapid growth.

• Significant investments in R&D and digital transformation supported innovation and operational efficiency.

Financial highlights

• Operating income: ¥45.48 billion, down 3.39% year-over-year.

• Net profit attributable to shareholders: ¥3.52 billion, up 0.41% year-over-year.

• Gross margin: 28.1% (calculated from segment data).

• Basic EPS: ¥0.41, down 4.65% year-over-year.

• Operating cash flow: ¥2.14 billion, down 21.03% year-over-year.

• Total assets: ¥123.75 billion, down 5.44% from previous year-end.

Outlook and guidance

• Domestic construction machinery market expected to recover from the bottom in 2025, with government stimulus and infrastructure projects driving demand.

• Overseas expansion and product upgrades in high-end, intelligent, and green equipment remain strategic priorities.

• Agricultural machinery to benefit from policy support and equipment renewal, with focus on high-end and smart products.