Financial Performance - In 2021, the company's operating revenue reached RMB 67.13 billion, an increase of 3.11% compared to RMB 65.11 billion in 2020[25]. - The net profit attributable to shareholders decreased by 13.88% to RMB 6.27 billion from RMB 7.28 billion in 2020[25]. - The net profit after deducting non-recurring gains and losses was RMB 5.83 billion, down 7.61% from RMB 6.31 billion in the previous year[25]. - The net cash flow from operating activities dropped significantly by 64.63% to RMB 2.62 billion from RMB 7.42 billion in 2020[25]. - Basic earnings per share decreased by 22.45% to RMB 0.76, compared to RMB 0.98 in 2020[25]. - The total assets of the company increased by 4.94% to RMB 122.02 billion from RMB 116.27 billion at the end of 2020[25]. - The net assets attributable to shareholders rose by 21.66% to RMB 56.87 billion, up from RMB 46.74 billion in 2020[25]. - The company's total assets reached RMB 122.982 billion, with net assets amounting to RMB 58.260 billion[28]. - The sales revenue from construction machinery was RMB 63.523 billion, reflecting a year-on-year increase of 3.49%[34]. - The sales of aerial work machinery surged to RMB 3.351 billion, marking a significant growth of 310.76% year-on-year[38]. Digital Transformation and Innovation - The company emphasized the acceleration of digital transformation and innovation in new materials and new energy[22]. - The company is focusing on digitalization, intelligence, and green transformation to improve operational efficiency[32]. - The company has formed strategic partnerships with Huawei and China Mobile to enhance digital transformation and management processes[43]. - The application of "5G + Industrial Internet" in tower crane development has successfully transitioned to remote intelligent control, enhancing operational efficiency[44]. - The company has launched multiple intelligent manufacturing projects, including the "Intelligent Manufacturing Demonstration Factory" for excavators, which has been recognized nationally[45]. - Over 150 advanced intelligent manufacturing technologies have been implemented in production lines, with 25 being industry firsts, driving the company's leadership in smart manufacturing[46]. Market Expansion and International Presence - The overseas market is experiencing rapid expansion, contributing to significant growth potential[22]. - The company is expanding its international market presence, with high-altitude machinery sales covering 58 countries and regions across five continents[38]. - Overseas revenue increased by over 51.05% during the reporting period, with significant exports of large-tonnage crawler cranes, marking a breakthrough in the global high-end crawler crane market[54]. - The establishment of a factory in Italy has enabled localized production and sales of tower cranes and aerial work machinery, enhancing market penetration in Europe[55]. Research and Development - The company achieved a 62% year-on-year increase in patent applications, with a 48% increase in invention patent applications, and granted 727 patents, reflecting strong R&D capabilities[53]. - The company has made significant advancements in new energy products, including the world's first pure electric concrete pump truck and a 60-meter hybrid pump truck[51]. - The company has a dedicated R&D team of over 60 personnel focused on new energy engineering machinery core technology research[132]. Environmental, Social, and Governance (ESG) - The company emphasizes a commitment to sustainable development and social responsibility, aligning with national goals for carbon neutrality by 2060[117]. - The ESG governance structure has been enhanced under the board's leadership, with a dedicated team for ESG management[1]. - The company invested approximately RMB 50 million in safety measures in 2021, resulting in a continuous decline in minor injury incidents from 83 in 2019 to 53 in 2021, with a minor injury rate reduction of 30% year-on-year[150]. - The company reported zero confirmed cases of occupational diseases in 2021, maintaining a 100% experience rate for employees in positions with occupational hazards[152]. - The company has actively participated in community investment, aligning with national rural revitalization initiatives and collaborating with local governments and charities[184]. Employee Development and Welfare - The company achieved a 100% labor contract signing rate and provides comprehensive social insurance coverage for all employees[135]. - Employee satisfaction with cafeteria food improved from 77.9% in January to 90.2% by year-end, an increase of 12.3 percentage points[140]. - The company processed over 1,000 employee requests through its feedback platform in 2021, achieving a satisfaction rate of over 90%[137]. - The company has established strategic partnerships with 16 vocational colleges, signing cooperation agreements to train over 600 skilled workers in industrial robotics and CNC operations[160]. - The employee turnover rate for the company was 15.8% in 2021, with a higher turnover rate of 22.0% for employees aged 25 and below[146]. Safety and Compliance - The company has implemented a safety management system that includes annual KPI indicators and regular assessments of operational units[149]. - The number of environmental and safety regulations increased from 256 in 2020 to 347 in 2021, with the company ensuring compliance through training and evaluations[149]. - The company has established a comprehensive internal control system to prevent corruption and ensure transparency in decision-making processes[179]. - The company has not encountered any significant violations of anti-corruption laws or regulations during the year[183]. Supply Chain Management - The company has 918 suppliers within Hunan province and 1,978 suppliers outside the province, focusing on localizing and optimizing the supply chain[167]. - The company has implemented a performance management system that covers all employees, linking performance evaluations to personal development and recognition[164]. - In 2021, the company launched a full-process SRM information system project to improve supply chain management through digitalization and intelligence[169]. Community Engagement and Philanthropy - The company donated RMB 2 million to the "Love Changes Destiny" initiative, contributing a total of RMB 30 million over 19 years, assisting 72,000 students from low-income families[186]. - In response to the severe flooding in Henan in July 2021, the company donated 50 excavators and 50 tractors, valued at RMB 13.76 million, to aid disaster relief efforts[189]. - The company conducted a total of 11 public welfare activities throughout the year, donating cash and materials amounting to RMB 113,575[191].

Financial Performance - Total revenue for the reporting period reached RMB 42.45 billion, an increase of 47.25% compared to RMB 28.83 billion in the same period last year[14] - Net profit attributable to shareholders was RMB 4.85 billion, up 20.70% from RMB 4.02 billion year-on-year[14] - The net cash flow from operating activities surged by 179.19%, amounting to RMB 4.13 billion compared to RMB 1.48 billion in the previous year[14] - Basic earnings per share increased to RMB 0.59, reflecting a growth of 9.26% from RMB 0.54[14] - The net profit for the period attributable to equity shareholders was RMB 4.88 billion, compared to RMB 4.03 billion in the same period last year[16] - In the first half of 2021, the company achieved operating revenue of 42.449 billion yuan, a year-on-year increase of 47.25%[22] - The net profit attributable to shareholders was 4.876 billion yuan, reflecting a year-on-year growth of 21.14%[22] - Revenue from concrete machinery and crane products amounted to RMB 34.150 billion, up 42.4% year-on-year[47] - Revenue from agricultural machinery products reached RMB 1.609 billion, reflecting a year-on-year increase of 52.4%[47] - The company reported a total comprehensive income of RMB 4,883 million for the period, compared to RMB 3,863 million in 2020[114] Assets and Liabilities - Total assets as of June 30, 2021, were RMB 136.73 billion, representing a 17.59% increase from RMB 116.27 billion at the end of the previous year[13] - Net assets attributable to shareholders reached RMB 55.38 billion, an 18.47% increase from RMB 46.74 billion year-on-year[13] - Non-current assets totaled RMB 47.08 billion, while current assets amounted to RMB 89.61 billion[18] - The company's leverage ratio was 58.64%, slightly down from 58.84% at the end of the previous year[18] - As of June 30, 2021, total current liabilities increased to RMB 62,990 million, up from RMB 46,928 million in the previous year, representing a 34.2% increase[118] - Total non-current liabilities decreased to RMB 17,168 million from RMB 21,465 million, indicating a reduction of 20.1%[118] - The company's net assets rose to RMB 56,532 million, up from RMB 47,850 million, marking an increase of 18.0%[120] Cash Flow and Investments - As of June 30, 2021, the company had cash and cash equivalents of RMB 14.068 billion[48] - The net cash generated from operating activities for the six months ended June 30, 2021, was RMB 4.000 billion, driven by increased sales and collections[48] - The net cash used in investing activities during the same period was RMB 8.127 billion, primarily for purchasing financial products and structured deposits[49] - The net cash from financing activities was RMB 8.146 billion, including RMB 6.088 billion from issuing new shares[51] - Capital expenditures for the six months ended June 30, 2021, totaled RMB 1.044 billion[52] Research and Development - Research and development expenses for the period were RMB 2,005 million, significantly higher than RMB 1,048 million in the previous year[110] - The company continues to focus on research, development, and production of engineering and agricultural machinery, indicating ongoing commitment to innovation and market expansion[136] - Patent applications have increased by 136% year-on-year, with 266 patents granted in the first half of the year, reflecting the company's strong R&D capabilities[41] Market and Product Development - Sales revenue from construction machinery reached 40.426 billion yuan, up 47.80% year-on-year[24] - The company maintained its market leadership in key products, with over 100% year-on-year growth in large-tonnage truck cranes[24] - High-altitude operation machinery sales amounted to 1.736 billion yuan, a significant increase of 397.95% year-on-year[27] - The agricultural machinery sector saw major breakthroughs, with market shares for key products like wheat harvesters and drying machines remaining among the top two in the domestic market[29] - The dry-mixed mortar equipment business continued to grow steadily, maintaining a leading position in the domestic market[30] Strategic Initiatives - The company is accelerating the commercialization of smart agriculture, with a rapid rollout of its smart farming cloud platform[29] - The company has accelerated its digital transformation by establishing strategic partnerships with Huawei and China Mobile, focusing on innovative breakthroughs in traditional management and business models[32] - The application of "5G + Industrial Internet" in tower crane development has successfully transitioned from ground operations to remote intelligent control, enhancing the automation level of tower cranes[32] - The company has initiated a localization strategy overseas, focusing on key countries and regions, and has become the first domestic agricultural machinery manufacturer to obtain long-term supplier qualifications from the United Nations[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 345,202[73] - The largest shareholder, HKSCC Nominees Limited, holds 18.21% of the shares, while Hunan Xingxiang Investment Holding Group Co., Ltd. holds 14.45%[74] - The company raised approximately HKD 11.36 billion through the issuance of 193,757,462 new H-shares at a net price of about HKD 5.811 per share[63] Corporate Governance - The company has maintained compliance with corporate governance codes and has no discrepancies with regulatory requirements[66] - The audit committee has reviewed the interim report prepared in accordance with International Accounting Standard 34[69] - The company has adopted all applicable corporate governance codes and has effectively managed its internal controls[67]

Business Performance - In 2020, Zoomlion achieved its best-ever operating performance and quality, driven by a focus on intelligent, digital, and green transformation[23]. - The company achieved operating revenue of RMB 65.11 billion in 2020, representing a year-on-year increase of 50.34%[34]. - Net profit attributable to shareholders reached RMB 7.30 billion, up 66.55% compared to the previous year[34]. - The basic earnings per share increased to RMB 0.98, reflecting a growth of 68.97% year-on-year[29]. - The total assets at the end of 2020 amounted to RMB 116.27 billion, a 26.29% increase from the previous year[29]. - The net cash flow from operating activities was RMB 7.42 billion, up 19.33% from 2019[29]. - The company reported a net profit of RMB 7,371 million for 2020, an increase from RMB 4,285 million in 2019, showcasing strong financial performance[77]. - The company's revenue increased by 50.34% from RMB 43,307 million in 2019 to RMB 65,109 million in 2020, driven by strong market demand in the engineering machinery sector[82]. Strategic Initiatives - The company accelerated the development of advanced manufacturing, with a focus on emerging industries, establishing a trillion-level industrial cluster[23]. - Zoomlion is advancing towards deep intelligence, automation, and new energy in its technology and product offerings[23]. - The company is building over 18 globally leading lighthouse factories as part of its smart industrial city initiative[23]. - Zoomlion is committed to accelerating the construction of its smart industrial city, focusing on efficiency, ecology, and intelligence[25]. - The company plans to optimize its industrial layout and global resource allocation to drive better development through higher levels of openness[25]. - The company emphasizes the importance of intelligent manufacturing as a core future competitiveness factor[23]. - The company plans to expand its emerging business in agricultural machinery, optimizing product structure and enhancing manufacturing process control[63]. Research and Development - Continuous investment in R&D is prioritized, with a focus on core technologies and new product development to drive sustainable growth[63]. - The company filed nearly 800 patent applications in the year, with about 50% being invention patents, and was awarded 350 patents, ranking first in the machinery industry for authorized invention patents[53]. - Research and development expenses increased to RMB 3,345 million in 2020 from RMB 1,516 million in 2019, highlighting a commitment to innovation[77]. Market Performance - Sales revenue from construction machinery products was RMB 61.38 billion, marking a 49.75% increase year-on-year[36]. - The agricultural machinery sector showed increased market activity due to government support and rising grain prices[34]. - The company achieved significant growth in core product orders and sales, with concrete machinery, engineering cranes, and construction hoisting machinery showing continuous high growth and increasing market share[37]. - The domestic market share for truck cranes and crawler cranes reached historical highs, with truck cranes over 30 tons leading the industry in sales, and crawler cranes holding the top domestic market position[37]. Environmental Commitment - The company emphasizes a commitment to sustainable development and corporate social responsibility, focusing on resource conservation and environmental protection[127]. - The company invested approximately RMB 59 million in environmental protection technology upgrades in 2020[134]. - The total greenhouse gas emissions amounted to approximately 204,410.92 tons in 2020, an increase from 169,007.69 tons in 2019[140]. - The company has established a comprehensive environmental management system to ensure compliance with environmental laws and regulations[136]. - The company plans to continue improving air quality through technological means and various production methods[136]. Employee Engagement and Welfare - The company has added nearly 4,500 new employees during the reporting period, contributing to stable employment in society[154]. - The total number of employees exceeds 23,500, with 66.16% of employees aged 35 or younger, indicating a sustainable employment structure[154]. - The company has established various employee welfare programs, including health check-ups and diverse paid leave systems[154]. - The company has adhered to all relevant labor laws, achieving a 100% labor contract signing rate[152]. Community Support and Social Responsibility - In 2020, the company invested over 27.41 million yuan in targeted poverty alleviation and social welfare initiatives, benefiting more than 10,000 individuals in impoverished areas[181]. - The company donated a total of 1.26 million yuan in anti-epidemic materials and 2.5 million yuan in cash to support COVID-19 relief efforts[183]. - The company has cumulatively donated over 28 million yuan to the "Love Changes Destiny" charity project over 18 years, aiding more than 45,000 impoverished college students[183]. - The company organized cash donations of 2.5 million RMB from employees to support COVID-19 prevention efforts[188]. Safety and Compliance - The company has established safety production committees at both group and subsidiary levels to ensure effective safety management[158]. - The company has not reported any work-related fatalities in the past three years, including the reporting period[159]. - The company has implemented a comprehensive performance evaluation system for safety production, aiming to reduce the total number of accidents[158]. - The company strictly adheres to labor standards and has not employed any child labor during the reporting period, ensuring compliance with national laws[167].