Zoomlion Heavy Industry Science and Technology Co., Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2019
April 04, 2019 at 10:22 am
Share
Zoomlion Heavy Industry Science and Technology Co., Ltd. provided earnings guidance for the first quarter ended March 31, 2019. For the period, the company expects net profit attributable to the equity shareholders of the company of RMB 850 million to RMB 1,050 million increased by 125.61% to 178.69% when compared to corresponding period in the last year. Basic earnings per share of RMB 0.11 to RMB 0.13. In the first quarter of 2019, benefited from continuous recovery of the construction machinery industry and the increase of market share of the Company's leading products, the Company achieved significant increase in the operating income of the construction machinery segment when compared to the corresponding period in the last year.
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. 
