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Zoomlion Reports 20 Percent Increase in International Sales Revenue in 2020, Aims to Deepen Localization in 2021


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CHANGSHA, China, Feb. 10, 2021 /PRNewswire/ Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) has published an attributable net profit of 7 to 7.5 billion yuan ($US1.08-1.16 billion) in its 2020 performance forecast released on January 20, achieving 60-72 percent year-on-year growth. Profit after deduction of non-recurring gains and losses increased by 74-93.5 percent year-on-year.
Despite the downtrend in the global economy, Zoomlion s sales revenue in international markets saw a strong upward trend in 2020. Li Bin, deputy general manager of Zoomlion Overseas Company, attributed the achievement to the company s core competitiveness, especially big investments in research and development as well as carrying out an integrated localization strategy. ....

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