Zoomlion Heavy Industry Science and Technology Co., Ltd. Provides Earnings Guidance for the Period from January 1, 2019 to June 30, 2019
July 12, 2019 at 05:04 am EDT
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Zoomlion Heavy Industry Science and Technology Co., Ltd. provided earnings guidance for the period from January 1, 2019 to June 30, 2019. For the period, the company expects net profit attributable to the equity shareholders of the company in the range of RMB 2,400 million to RMB 2,700 million increase by 171.71% to 212.42% when compared to RMB 864 million corresponding period in the last year. Basic earnings per share in the range of RMB 0.31 to RMB 0.34 compared to RMB 0.11 a year ago.
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. 
