As of the close of trading on June 6, 2026, Zoomlion Heavy Industry (000157) had a closing price of 7.52 yuan that day and a total market value of 65.04 billion yuan, ranking fourth in the total market value of A-shares in Hunan Province.
The company is the world’s leading construction machinery equipment manufacturing enterprise, with a domestic market share of 26.0% for concrete machinery, a 24.0% domestic market share for engineering hoisting machinery, and a global market share of 35.0% for the high-meter segment of aerial work machinery.
Zoomlion was established in August 1999 and listed on the Shenzhen Stock Exchange in October 2000. It was registered in Changsha City, Hunan Province and has no actual controller.
Its ownership structure is relatively dispersed and stable. The largest shareholder, Hong Kong Securities Clearing Company (Nominees) Co., Ltd., holds 17.91% of the shares, and the second largest shareholder, Hunan Xingxiang Investment Holding Group Co., Ltd., holds 14.53% of the shares.
From the perspective of revenue structure, the first quarter report of 2026 shows that overseas revenue is 7.390 billion yuan, accounting for 57.1%, which is the core profit source; domestic revenue is 5.562 billion yuan, accounting for 42.9%.
Core products include concrete machinery, engineering hoisting machinery, aerial work machinery, and earthmoving machinery.
In terms of industry structure, the first-level industry of Shenwan, a subsidiary of Zoomlion, is machinery and equipment, and the second-level industry is engineering machinery.
The upstream of the industrial chain includes raw materials and components such as steel, engines, and hydraulic parts, while the downstream covers infrastructure, real estate, mining, agriculture, energy and other fields.
In 2025, China’s construction machinery market size will be approximately 750 billion yuan, +8.2% year-on-year; the global construction machinery market size will be approximately US$230 billion, +5.7% year-on-year.
The core high-prosperity segmented tracks include China’s aerial work machinery market, the global mining machinery market and the global agricultural machinery market.
The company’s core competitiveness is significant.
In terms of smart manufacturing barriers across the entire industry chain, it has 18 smart factories and more than 420 smart production lines. The “Excavator Shared Manufacturing Smart Factory” was selected into the first batch of national pilot-level smart factories, and the performance of concrete machinery and crane products has reached the international leading level.
In terms of globalization barriers, overseas business revenue accounts for 57.1%. Its products cover more than 170 countries and regions. It has more than 30 first-class business airports and more than 430 outlets. It has about 6,000 overseas localized employees. In 2025, overseas business will grow by 30.52% year-on-year.
In terms of technological innovation and patent barriers, in 2025, R&D investment accounted for 11.07% of operating income, and 1,772 patents were applied for, including 960 invention patents. The cumulative number of valid invention patents is 3,786, ranking first in the industry, and it has developed 3 world-leading and 3 industry-first products.
In terms of financial indicators, total operating income in 2025 is 52.107 billion yuan, +14.58% year-on-year; net profit attributable to shareholders of listed companies is 4.858 billion yuan, +38.01% year-on-year.
Total operating revenue in the first quarter of 2026 was 12.952 billion yuan, +6.89% year-on-year. Revenue maintained steady growth, with overseas revenue growing 12.52% year-on-year as the main support. However, the decline in net profit was mainly due to the decrease in non-recurring gains and losses and the increase in exchange losses. The cash flow from operating activities continued to improve, and the company’s repayment status was good.
In the future, Zoomlion’s growth drivers will be clear.
Overseas markets continue to expand, and overseas revenue is planned to grow by more than 15% in 2026; aerial work machinery is ramping up, and the Hungarian factory will reach full production in Q2 of 2026, with revenue expected to grow by more than 25%; earthmoving machinery is increasing in scale, with revenue expected to grow by more than 20%; embodied intelligent robots are industrialized, and the first batch of humanoid robots will be mass-produced and delivered in Q3 of 2026.
Generally speaking, Zoomlion is a leading company in China’s construction machinery industry. Its global layout has achieved remarkable results, effectively hedging domestic industry cycle fluctuations, and it has made early plans in the fields of intelligent manufacturing, new energy and embodied intelligent robots, and has long-term growth potential.
However, it also faces operational, industry and financial risks. Investors need to continue to pay attention to core variables such as overseas market revenue growth, the production status of the Hungarian factory of aerial work machinery, domestic infrastructure investment growth and accounts receivable turnover rate.
