Welcome!

Microsoft Cloud Authors: John Basso, Liz McMillan, Pat Romanski, Glenn Rossman, Elizabeth White

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
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.