Welcome!

Microsoft Cloud Authors: David H Deans, Yeshim Deniz, Janakiram MSV, Andreas Grabner, Stackify Blog

News Feed Item

Zoomlion Heavy Industry Science & Technology Development Co., Ltd Released its 2012 Annual Results

Hong Kong, Apr 13, 2013 - (ACN Newswire) - Zoomlion Heavy Industry Science & Technology Development Co., Ltd ("Zoomlion" or "the Company") (Stock code: 1157.HK) today announced its annual results as of December 31, 2012. International and domestic annual reports of the Company had been respectively audited by KPMG and Baker Tilly China for which issued standard unqualified opinion.

Financial summary

-- Operating income of the group in 2012 was RMB48071 million
-- Yearly profit attributable to shareholders of the company in 2012 was RMB7330 million
-- Earnings per share in 2012 was RMB0.95
-- Dividend issued in the end of 2012 proposed by Board of Directors was RMB2

In accordance with international principles of financial reports, Zoomlion realized operating income of RMB48071 million, up 3.77% from the previous year; realized net profit attributable to shareholders of the parent company was RMB7330 million, 9.12% down from the previous year, and basic EPS was RMB0.95; net cash flow from operating activities was RMB2611 million, 38.88% up from the previous year (in accordance with Chinese generally accepted accounting principles, net cash flow from operating activities was RMB2996 million, up 41.42% from the previous year). It's proposed by the Board of Directors to issue cash dividends of RMB2 (inclusive of tax) per 10 shares to shareholders on a basis of the total shares of 7,705,954,050 shares.

The Company took account of, that in 2012, languid international market recovery, evident growth slowdown in China's economy, production capacity surplus in domestic engineering plant industry, intensified competition and significantly declined sales growth. Confronted with severe circumstances, focusing in the two development topics of "management reform" and "internationalization", Zoomlion took steps to optimize process, strengthen internal control, strictly keep down risks, lower costs and increase efficiencies to maintain a smooth overall operation.

Market share of major products elevated
In 2012, market share of major products of the Company saw a constant increase: in respect of concrete machineries, market share of truck-mounted pumps of the Company increased in evidence to land a leading position in the market, and market share of the three major products of mixing trucks, truck-mounted line pumps and mixing plants occupied the first place in domestic market; with respect to hoisting machineries, market share of tower crane occupied solidly the first place in the industry and sales of crawler cranes and tyre cranes was the No.1 in domestic market; regarding earthmoving machineries, market share of bulldozer of the Company leaped to the second place in domestic market.

Continual and steady product gross profit
According to the annual report, the overall gross profit margin of Zoomlion basically remained stable as compared with that in last year and arrived at 32.3% in 2012, only 0.1% down from the previous year. It's worth mentioning that, sales of concrete machinery accounted for relatively large proportion of the Company's overall sales, and accumulated gross profit margin of concrete machinery amounted to 33.94% in last year, and still ranked first among business sectors of the company.

Outstanding risk control
In 2012, the company comprehensively deepened its construction of overall risk control management joint-action mechanism, consolidated receivables management, strictly prevented and controlled operational risks. As of the end of 2012, the Company owned cash and cash equivalent worth over RMB20 billion, up 25.25% from the previous year; net cash flow from operating activity was RMB2611 million, up 38.88% from the previous year. Meanwhile, despite increase in the beginning of 2012, receivables of the Company started to decrease as compared with that of in the end of the third quarter of 2012.

The Company believed that, despite current hard times in the industry, Zoomlion was bestowed with a precious strategic opportunity. Zoomlion has attained relatively favorable superiority in the market thanks to its forward looking strategic layout. Look into the future, Chairman Zhan Chun Xin expressed that: Zoomlion will still uphold the business principles of "adopting general policies and outlining surprising market tactics" to grasp current strategic opportunity. Relying upon comprehensive innovation, the company will seek improvement in stability and realize sound growth. Also, the company will deepen its reform and center on the market, with technology and talent as its root to perfect three-dimensional matrix management mode; the company will uphold practical, skillful and quick operation ways of working, with an aim to make out new enterprise development blue map.

About Zoomlion Heavy Industry Science & Technology Development Co., Ltd

Zoomlion Heavy Industry Science & Technology Development Co., Ltd is a leading construction machinery company in China. The Company was listed in Stock Exchange of Hong Kong Ltd and is the first listed company in both A and H share markets in China's engineering machinery industry. The Company is mainly engaged in the R & D and manufacturing of advanced technologies and equipment for national key infrastructure construction projects, including construction engineering, energy engineering, environment engineering and transportation engineering projects. The company's two business segments, concrete machinery and hoisting machinery, both rank second in the globe.

This press release is distributed by Wonderful Sky Financial Holdings Limited on behalf of Zoomlion Heavy Industry Science & Technology Development Co., Ltd.


Source: Zoomlion Heavy Industry Science & Technology Development Co., Ltd

Contact:
Wonderful Sky Financial Holdings Limited
Sun Liang/ Tiffany Liu / Renee Min
Tel: (852) 2851 1038
Fax: (852) 2598 1588 
Email: [email protected] / [email protected] / [email protected]   




Copyright 2013 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that Pulzze Systems will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems Inc, provides the software product "The Interactor" that uniquely simplifies building IoT, Web and Smart Enterprise Solutions. It is a Silicon Valley startup funded by US government agencies, NSF and DHS to bring innovative solutions to market.
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...