Zoomlion Heavy Industry Science and Technology Co Ltd
Zoomlion Heavy Industry Science and Technology Co., Ltd. researches, develops, and manufactures machinery in China and internationally. Its products include excavators, loaders, bulldozers, lifts, cranes, concrete pumps, harvesters, forklifts, drilling rigs, and firefighting vehicles. The company also provides inspection, client training, and machine services. It was formerly known as Changsha Zoomlion Heavy Industry Science and Technology Development Co., Ltd. and changed its name in October 2011. Founded in 1992, it is based in Changsha, China.
Zoomlion's overseas growth and new products offset weak first-half profit
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Overseas revenue keeps climbing Zoomlion's overseas revenue reached 30.5 billion yuan in 2025, up 30.5%, and now makes up nearly 60% of total sales. This reduces reliance on China's slow construction market and supports the stock by showing global demand for its machines.
Overseas growth is the main long-term force behind Zoomlion's earnings and share price.
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First-half profit drops sharply First-half net profit fell 24% to 2.1 billion yuan, and adjusted profit fell 57%. Revenue rose 9%, but currency losses and weak domestic margins hurt the bottom line. This is a real counterweight that can pressure the stock.
The profit decline is the biggest negative factor and directly affects investor confidence.
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New products and smart manufacturing advance Zoomlion delivered its first 700-horsepower hybrid tractor and plans to mass-produce humanoid robots. Its excavator factory makes one machine every six minutes. These moves open new markets and improve efficiency, supporting future growth.
New product launches and automation show Zoomlion's innovation and long-term competitiveness.
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Possible sale of Luchang Technology stake Zoomlion may transfer its controlling stake in Luchang Technology to a new-energy battery buyer. If completed, it could bring cash but also end a business line. The outcome is uncertain, so the stock impact is unclear.
This event could change Zoomlion's asset mix and is a new development for investors.
Q3 2026
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Zoomlion's overseas growth and new products offset weak first-half profit
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Overseas revenue keeps climbing Zoomlion's overseas revenue reached 30.5 billion yuan in 2025, up 30.5%, and now makes up nearly 60% of total sales. This reduces reliance on China's slow construction market and supports the stock by showing global demand for its machines.
Overseas growth is the main long-term force behind Zoomlion's earnings and share price.
▼
First-half profit drops sharply First-half net profit fell 24% to 2.1 billion yuan, and adjusted profit fell 57%. Revenue rose 9%, but currency losses and weak domestic margins hurt the bottom line. This is a real counterweight that can pressure the stock.
The profit decline is the biggest negative factor and directly affects investor confidence.
▲
New products and smart manufacturing advance Zoomlion delivered its first 700-horsepower hybrid tractor and plans to mass-produce humanoid robots. Its excavator factory makes one machine every six minutes. These moves open new markets and improve efficiency, supporting future growth.
New product launches and automation show Zoomlion's innovation and long-term competitiveness.
◆
Possible sale of Luchang Technology stake Zoomlion may transfer its controlling stake in Luchang Technology to a new-energy battery buyer. If completed, it could bring cash but also end a business line. The outcome is uncertain, so the stock impact is unclear.
This event could change Zoomlion's asset mix and is a new development for investors.
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Zoomlion Signs US$300 Million Credit Insurance Policy and US$50 Million Factoring Deal
Zoomlion Heavy Industry Science & Technology signed a US$300 million portfolio credit insurance policy and an initial US$50 million non-recourse factoring agreement at its 2026 Global Financial Partners Summit and Signing Ceremony in Shanghai on September 11. The US$300 million policy was signed with a double-A-rated international insurer and leading institutions, while the initial US$50 million non-recourse factoring agreement was signed with an overseas bank. Developed over six months with international insurers and financial institutions, the arrangement lets overseas installment receivables covered by the policy be factored with an overseas bank on a non-recourse basis, giving Zoomlion a structured way to finance overseas receivables rather than handling them transaction by transaction. The framework is designed to turn those receivables into scalable, standardized and replicable investment-grade assets. The agreements come as Zoomlion's international revenue rose 12.45% year over year to RMB 15.54 billion, or approximately US$2.31 billion, in the first half of 2026, accounting for 57.25% of total revenue. More than 40 financial and insurance partners from Singapore, Indonesia, Thailand, France, Kazakhstan, Hong Kong SAR and other markets attended the summit, where CFO Du Yigang reviewed cooperation with global financial partners and outlined plans for overseas financial and insurance services.
000157.CS · Capital · Positive Zoomlion signed a US$300M credit insurance policy and US$50M non-recourse factoring deal to finance overseas receivables
Roadrover Technology's controlling shareholder Zoomlion plans share transfer; control may change and trading halted
Roadrover Technology announced on the evening of September 29 that its controlling shareholder Zoomlion Heavy Industry Science and Technology is planning to transfer its shares in the company through methods including an agreement-based transfer. The counterparty belongs to the new energy battery industry, and the matter could lead to a change in the company's control. Trading in the company's shares will be suspended from the market open on September 30, with the suspension expected to last no more than two trading days. The announcement showed that the relevant agreement has not yet been signed, and the planned change of control still carries some uncertainty, with the possibility of termination not ruled out. Roadrover Technology hit its daily limit up on September 29, and its share price has risen more than 20 percent since the start of September, though it is still down about 9.13 percent cumulatively this year. The company's 2026 semi-annual report showed that consolidated operating revenue during the reporting period was 153 million yuan, down 16.38 percent year on year. Net profit attributable to shareholders of the listed company was a loss of 22.02 million yuan, compared with a loss of 46.51 million yuan in the same period last year, narrowing the loss by 52.65 percent year on year.
002813.CS · Capital · Neutral Controlling shareholder plans share transfer that could change control; agreement unsigned and termination possible, so impact is uncertain.
000157.CS · Capital · Neutral Zoomlion plans to transfer its Roadrover stake via agreement, a capital/M&A move whose outcome and impact on Zoomlion are unclear.
Luchang Technology Plans Change of Control, Trading Suspended from Tomorrow
Luchang Technology announced on the evening of September 29 that it had received notice from its controlling shareholder, Zoomlion Heavy Industry Science and Technology, that Zoomlion is planning to transfer its shares in the company through methods such as a negotiated transfer. The counterparty in this transaction is in the new energy battery industry, and the matter may lead to a change in the company's control. Trading in the company's shares will be suspended from the market open on September 30, 2026, with the suspension expected to last no more than two trading days. Before the suspension, the company's share price had risen for several consecutive days and hit the daily limit on September 29. Luchang Technology is mainly engaged in the development, production, sales and services of automotive intelligent products. In 2022, Zoomlion obtained control of the company through share transfers and a tender offer. In terms of performance, the company achieved operating revenue of 374 million yuan in 2025, up 3.61 percent year on year, while net profit attributable to shareholders of the listed company was a loss of 9.37 million yuan, compared with a loss of 5.54 million yuan in the same period last year. In the first half of this year, operating revenue was 153 million yuan, down 16.38 percent year on year, and net profit attributable to shareholders of the listed company was a loss of 2.2 million yuan, compared with a loss of 4.65 million yuan in the same period last year.
000157.CS · Capital · Neutral Zoomlion plans to transfer its controlling stake in Luchang Technology via negotiated transfer, potentially ceding control of the subsidiary.
Zoomlion Delivers First 700-Horsepower DX7004 Hybrid Tractor
Zoomlion Heavy Industry Science & Technology Co., Ltd. has completed the first delivery of its DX7004 hybrid tractor, the world's most powerful hybrid wheeled tractor, at the 2026 Heilongjiang International Agricultural Machinery Exhibition in Heilongjiang, northeast China. The handover marks the 700-horsepower DX7004's entry into customer deployment and represents an important step in the commercial rollout of Zoomlion's ultra-high-horsepower hybrid agricultural machinery. The tractor's dual motors deliver a rated output of 700 horsepower and a peak output of up to 1,200 horsepower, built on Zoomlion's self-developed hybrid power architecture with in-house core components and control systems, and it integrates a digital chassis, the EPiot smart driving system and the AOS intelligent operations platform for autonomous driving and centimeter-level precision. Compared with leading international tractors in the same horsepower class, the DX7004 can reduce fuel consumption by 10% to 40% and improve operating efficiency by 15%. The first unit was delivered to a large-scale grower from Harbin, Heilongjiang, following the model's official launch at Zoomlion Smart Industry City in Changsha on Sept. 28, 2025.
Robotics & Physical AI › Industrial Automation & Cobots Technology
000157.CS · Demand · Positive First DX7004 hybrid tractor delivered to a customer, marking commercial rollout and customer deployment of Zoomlion's ultra-high-horsepower hybrid agricultural machinery.
Zoomlion Promotes High-End and New-Energy Agricultural Machinery, Expanding to Over 70 Countries Worldwide
Zoomlion, a major Chinese heavy machinery manufacturer, is advancing the premiumization and new-energy transition of its agricultural machinery, with products now available in over 70 countries worldwide. In response to stricter environmental regulations and the push for smart agriculture, the company is accelerating the development of new agricultural machinery equipped with electrification and autonomous driving technologies, and has already expanded exports to Southeast Asia and Africa. Additionally, Zoomlion is focusing on customization to meet local needs and strengthening its after-sales service system to enhance its competitiveness in overseas markets.
000157.CS · Demand · Positive Expansion to over 70 countries and exports to Southeast Asia and Africa indicate growing demand for its agricultural machinery.
Zoomlion Heavy Industry's 2026 interim net profit was 2.102 billion yuan, down 23.97% year-on-year
Zoomlion Heavy Industry released its interim report on August 28, 2026, showing total operating revenue of 27.135 billion yuan, up 9.17% year-on-year, and net profit attributable to the parent of 2.102 billion yuan, down 23.97% year-on-year. Net cash inflow from operating activities was 2.42 billion yuan, up 38.12% year-on-year. The company's asset-liability ratio was 58.61%, gross margin was 26.82%, ROE was 3.65%, and diluted earnings per share was 0.24 yuan. The number of shareholders was 216,100, and the top ten shareholders held 58.34% of total share capital.
Zoomlion's first-half net profit attributable to parent falls 23.97% to 2.102 billion yuan
Zoomlion Heavy Industry Science and Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 2.102 billion yuan, down 23.97% year on year. Operating revenue was 27.135 billion yuan, up 9.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 831 million yuan, down 56.8% year on year. Net operating cash flow was 2.42 billion yuan, up 38.1% year on year. Earnings per share were 0.24 yuan. In the second quarter, operating revenue was 14.18 billion yuan, up 11.3% year on year. Net profit attributable to the parent was 1.22 billion yuan, down 10.1% year on year. Net profit attributable to the parent after deducting non-recurring items was 229 million yuan, down 78.2% year on year. As of the end of the second quarter, total assets were 144.517 billion yuan, up 8.5% from the end of the previous year. Net assets attributable to the parent were 57.65 billion yuan, up 0.1% from the end of the previous year. During the reporting period, the company's concrete machinery business grew more than 34.11% year on year in scale, and domestic sales of earthmoving machinery grew more than 24.19% year on year. Overseas revenue reached 15.535 billion yuan, accounting for 57.25% of total revenue.
Zoomlion Showcases Industrial Embodied Intelligence at 2026 World Robot Conference
Zoomlion Heavy Industry Science & Technology is showcasing its embodied intelligence technologies and robotic products for industrial applications at the 2026 World Robot Conference in Beijing. The company is presenting the bipedal humanoid robot Z01, the wheeled humanoid robot Z03, and the quadrupedal robot dogs D15 and D40, along with its self-developed joint modules. Zoomlion is also featuring Robot Ops, an embodied intelligence operating system that debuted at Hannover Messe in April 2026, and ZBrain, an embodied intelligence system that enables traditional industrial robots to perform autonomous sensing, decision-making, and execution. The company has validated its robots across nearly 20 manufacturing scenarios at Zoomlion Smart City, where they have been deployed in active manufacturing environments.
Hunan manufacturing survey: Carbon paper breaks Japanese and German monopoly, Zoomlion's overseas revenue share approaches 60%
During the "Vibrant China Survey Tour" Hunan stop, Jiemian News found that a group of manufacturing enterprises in Hunan are achieving industrial breakthroughs through technological innovation, globalization, and digital intelligence. Jinyang Hydrogen Energy, a subsidiary of KBC Corporation, has built a production line with an annual capacity of 300,000 square meters of carbon paper, breaking the long-term monopoly of Japan's Toray, Germany's SGL, and South Korea's JNTG, and beginning to change the bottleneck situation where the domestic substitution rate was less than 5%. Zoomlion Heavy Industry Science and Technology recorded overseas revenue of 30.515 billion yuan in 2025, up 30.52% year on year, with overseas revenue accounting for nearly 60% of the total, an increase of 7.15 percentage points from the previous year. It has about 9,000 overseas employees covering more than 170 countries. Jinshi City has gathered 41 biomanufacturing enterprises. Lier Bio achieved the world's first industrialization of glufosinate-P, and Xinhexin Bio holds nearly 70% of the global market share for corticosteroids. The local government plans to grow the biomanufacturing industry's output value to 30 billion yuan by 2030. At Zoomlion's Smart Industrial City, one excavator rolls off the production line every six minutes on average. The company has invested more than 10 billion yuan in digitalization and plans to deploy 1,000 to 2,000 embodied intelligent robots over the next five years.
Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Technology
Robotics & Physical AI › Industrial Automation & Cobots Technology
Robotics & Physical AI › Humanoid Robots Technology
000157.CS · Demand · Positive Overseas revenue up 30.52% to 30.515 billion yuan, with overseas share nearing 60%.
688598.CG · Technology · Positive Subsidiary Jinyang Hydrogen Energy breaks foreign monopoly with carbon paper production line, boosting domestic substitution.
002258.CS · Technology · Positive Lier Bio achieves world's first industrialization of glufosinate-P, a technological breakthrough.
湖南新合新生物医药有限公司 · Demand · Positive Holds nearly 70% global market share for corticosteroids, indicating strong demand.
Changsha Construction Machinery Accelerates Overseas Expansion as Top Firms' Overseas Revenue Share Exceeds Half
The construction machinery industry cluster in Changsha is shedding its strong cyclical label through intelligent, global, and high-end transformation. In 2025, overseas revenue accounted for 58.56 percent, 64 percent, and 64.88 percent of total revenue at leading companies Zoomlion, Sany Heavy Industry, and Sunward Intelligent Equipment respectively. From January to April this year, Changsha's construction machinery exports reached 12.11 billion yuan, up 20.1 percent year on year, accounting for 91.6 percent of the province's total exports. Zoomlion's shared manufacturing smart factory for excavators rolls out one excavator every six minutes on average, with a comprehensive automation rate above 85 percent. The company plans to complete a humanoid robot factory and begin mass production within the year, while continuing to improve its overseas localization layout. In 2025, its overseas revenue reached 30.515 billion yuan, up 30.52 percent year on year.
Hunan's first-half GDP growth of 2.7% drops out of China's top ten, as the shift from old to new growth drivers faces a test
Hunan Province's GDP grew 2.7% year-on-year in the first half, two percentage points below the national rate of 4.7%, placing it in the lower range among provinces that have disclosed data. The engineering machinery pillar enterprises are collectively under earnings pressure. Sany Heavy Industry saw its first-quarter 2026 net profit attributable to the parent rise only 0.46%, Zoomlion Heavy Industry's net profit attributable to the parent fell 37.30% year-on-year in the same period, and Sunward Intelligent Equipment expects its first-half net profit attributable to the parent to drop by 71.93% to 79.95% year-on-year. The share prices of the three companies have cumulatively fallen by more than 60%, 50%, and 40% respectively from their 2021 highs. Meanwhile, Changsha's internet-famous consumer spending remains hot, with 7.6575 million tourist visits during the May Day holiday and total provincial consumption of 63.969 billion yuan. However, new consumer brands such as Sexy Tea and Ningji have not gone public, and the A-share consumer sector is still dominated by traditional retail and trade, unable to offset the downward pressure from industry. In the first half, the added value of high-tech manufacturing above designated size in the province grew 4.0%, contributing 58.2%, but the scale of emerging industries is still small and cannot make up for the growth gap in traditional equipment manufacturing.
000157.CS · Demand · Negative Hunan's GDP growth lags national rate, and engineering machinery pillar faces earnings pressure; Zoomlion's net profit fell 37.30%.
002097.CS · Demand · Negative Hunan's GDP growth lags national rate, and engineering machinery pillar faces earnings pressure; Sunward expects first-half net profit to drop 71.93%-79.95%.
600031.CG · Demand · Negative Hunan's GDP growth lags national rate, and engineering machinery pillar faces earnings pressure; Sany's Q1 net profit rose only 0.46%.
Zoomlion Fully Owns New Energy Technology Company with Registered Capital of 300 Million Yuan
Hunan Zoomlion New Energy Technology Company, fully owned by Zoomlion, was recently established with a registered capital of 300 million yuan. Its business scope covers charging pile sales, electric vehicle charging infrastructure operation, energy storage technology services, and sales of hydrogen refueling and storage facilities for stations.
000157.CS · Capital · Positive Zoomlion fully owns a new energy technology company with 300 million yuan registered capital, expanding into charging piles, energy storage, and hydrogen facilities.
Zoomlion's ZT82J straight-boom aerial work platform, the world's tallest in its category with a maximum working height of 82.3 meters, received an Outstanding Flagship Product Award at the company's Seventh Science and Technology Innovation Conference. Product manager He Jipeng and his team drove the project from concept to mass production, overcoming the lack of any mature industry benchmark to balance overall dimensions, total weight, and structural rigidity. The team developed a proprietary multi-edge boom cross-section and optimized telescoping configurations after more than ten rounds of simulation, ensuring vertical and lateral stiffness while meeting weight-reduction targets. They also integrated turntable and chassis optimization, precisely reinforcing weak stress points and reducing redundant steel to enhance anti-fatigue and anti-overturning performance. He Jipeng said the award recognizes the team's progress in ultra-high-reach aerial work platforms and boosts confidence to continue breaking through technical barriers.
000157.CS · Technology · Positive Zoomlion developed the world's tallest straight-boom aerial work platform, winning an award for technological breakthrough.
Zoomlion's 21-Ton Excavator for Middle East Wins Outstanding Flagship Product Award
Zoomlion Heavy Industry Science & Technology Co., Ltd. has received an Outstanding Flagship Product Award at its Seventh Science and Technology Innovation Conference for a 21-ton crawler hydraulic excavator designed specifically for the extreme heat, dust, and prolonged breaker operations common in the Middle East. The excavator was developed by a team led by Wu Baoshuo, deputy director of the Medium and Large Excavator Research Institute at Zoomlion Earthmoving Machinery Company, to handle temperatures exceeding 50 degrees Celsius and hydraulic breaker work that can account for more than 70% of operating time. Engineers redesigned the airflow layout, optimized the cooling core, strengthened structural components, and enhanced dust protection through improved air intake and cab sealing. The team validated improvements through on-site testing at customer worksites in the Middle East, collecting sensor data and completing thousands of breaker cycles, while Zoomlion's headquarters testing center supported three months of high-frequency breaker durability testing. Wu noted that the award recognizes years of customer-focused engineering and that the team will continue learning from the jobsite to build reliable equipment.
000157.CS · Technology · Positive Won Outstanding Flagship Product Award for a specialized excavator designed for extreme Middle East conditions, demonstrating product innovation and customer-focused engineering.
Zoomlion Showcases AI and Green Tech at Seventh Innovation Conference
Zoomlion Heavy Industry Science & Technology hosted its seventh Science and Technology Innovation Conference on June 16, showcasing over 130 innovations in AI, intelligent equipment, green technology, and high-end manufacturing. Chairman and CEO Zhan Chunxin said the company must use AI to empower industries and accelerate its transition to a technology-driven, value-growth company. Digital, intelligent, and green products accounted for 74.5% of product sales in 2025, and the company spends about 8% of annual revenue on R&D. International revenue reached 30.5 billion yuan in 2025, roughly 59% of total sales, and Zhan outlined plans for localized overseas R&D and technical support. The conference recognized 84 achievements with total bonuses of 22 million yuan, and the Future Value Award went to ZValley for its 1.3-meter bipedal humanoid robot project.
Artificial Intelligence › AI Applications & Copilots Technology
Robotics & Physical AI › Industrial Automation & Cobots Technology
Robotics & Physical AI › Humanoid Robots Technology
Artificial Intelligence › Edge & On-device AI Silicon Technology
000157.CS · Technology · Positive Showcased over 130 innovations in AI, intelligent equipment, and green tech, with 74.5% of sales from digital/intelligent/green products and 8% R&D spend.
ZValley · Technology · Positive ZValley won the Future Value Award for its 1.3-meter bipedal humanoid robot project, recognized at the conference.
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