Zoomlion Heavy Industry Science and Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:51 am EDT
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Zoomlion Heavy Industry Science and Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 10,011.94 million compared to CNY 19,049.98 million a year ago. Revenue was CNY 10,011.94 million compared to CNY 19,049.98 million a year ago. Net income was CNY 906.37 million compared to CNY 2,415.51 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.11 compared to CNY 0.3 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. 
