香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並表明概不對因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1157） 截至2023年6月30日止六個月未經審核中期業績公告 及 2022年報的補充公告 財務摘要 • 於2023年6月30日，本集團總資產為人民幣1,335.61億元，較2022年12月31 日增加人民幣100.44億元（即8.13%） • 截至2023年6月30日止六個月，本集團的營業額為人民幣240.75億元，較 2022年同期增加人民幣27.76億元（即13.03%） • 截至2023年6月30日止六個月，本公司股東應佔利潤為人民幣20.56億元， 較2022年同期增加人民幣3.20億元（即18.43%） ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1157） 二零二三年第一季度報告 摘要 中聯重科股份有限公司董事會現公告2023年第一季度報告。本季度報告內所載 的財務數據根據中國企業會計準則而編製，並均未經審計。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 中聯重科股份有限公司（「本公司」）董事會（「 董事會」）在此公告本公司截止於 2023年3月31日之三個月的未經審計資料（「2023年第一季度報告」、「本報告」）。 本報告內所載的財務數據根據中國企業會計準則而編製。本公告乃根據《香港聯 合交易所有限公司證券上市規則》第13.10B條而作出。 ...

Financial Performance - In 2022, the company's operating revenue was CNY 41.63 billion, a decrease of 37.98% compared to CNY 67.13 billion in 2021[7]. - The net profit attributable to shareholders was CNY 2.31 billion, down 63.22% from CNY 6.27 billion in the previous year[7]. - The net profit after deducting non-recurring gains and losses was CNY 1.29 billion, a decline of 77.82% from CNY 5.83 billion in 2021[7]. - The basic earnings per share decreased to CNY 0.27, down 64.47% from CNY 0.76 in 2021[7]. - The company's revenue decreased by 37.99% from RMB 67.13 billion in 2021 to RMB 41.63 billion in 2022[59]. - The cost of sales and services reduced by 36.54% from RMB 51.28 billion in 2021 to RMB 32.54 billion in 2022[60]. - Gross profit fell by 42.67% from RMB 15.85 billion in 2021 to RMB 9.09 billion in 2022, with a gross margin decline from 23.61% to 21.83%[61]. - Other income decreased from RMB 1.41 billion in 2021 to RMB 0.98 billion in 2022, primarily due to a reduction in government subsidies[62]. - Selling expenses dropped by 24.13% from RMB 3.47 billion in 2021 to RMB 2.63 billion in 2022[63]. - General and administrative expenses increased from RMB 1.98 billion in 2021 to RMB 2.40 billion in 2022, mainly due to increased inventory impairment losses[64]. - Net profit for the year decreased by 62.21% from RMB 6.42 billion in 2021 to RMB 2.43 billion in 2022[66]. Assets and Liabilities - The total assets at the end of 2022 were CNY 123.55 billion, an increase of 1.26% from CNY 122.02 billion at the end of 2021[7]. - The net assets attributable to shareholders decreased to CNY 54.74 billion, down 3.74% from CNY 56.87 billion in 2021[7]. - The company's leverage ratio increased to 53.90% in 2022 from 52.24% in 2021[8]. - Non-current assets reached RMB 49.915 billion in 2022, while current assets were RMB 73.602 billion, indicating a stable asset base[9]. - The total assets minus current liabilities stood at RMB 75.124 billion in 2022, reflecting a solid financial position[9]. - The net assets attributable to shareholders were RMB 54.705 billion at the end of 2022, down from RMB 56.831 billion in 2021[9]. - The total financial liabilities as of December 31, 2022, were RMB 63.737 billion, with RMB 46.967 billion due within one year[72]. Market Position and Strategy - The company maintained its leading market position in concrete machinery, with a market share that remains the highest in the industry for long-arm pump trucks and truck-mounted pumps[13]. - The company has established dual manufacturing bases in Weinan and Changsha for earth-moving machinery, enhancing production capabilities and market share[14]. - The agricultural machinery segment is focusing on new product development, with significant market shares in domestic wheat machines, dryers, rotary tillers, and transplanting machines[16]. - The company aims to enhance core competitiveness in R&D, manufacturing, management, sales, and service[6]. - The company aims to strengthen its market share in the domestic and overseas markets, focusing on high-end markets in Europe and America, achieving the highest market share for Chinese brands in Canada, Mexico, Brazil, and Poland[30]. - The company is accelerating the development of overseas markets with a localized team approach and differentiated market strategies[37]. Innovation and Development - The company emphasized a focus on high-quality development and innovation in new energy, new materials, and digital transformation for future growth[5][6]. - The company has made significant progress in digital transformation, focusing on IoT, cloud computing, big data, and industrial AI, aiming for a comprehensive upgrade in management and manufacturing models[19]. - The company has successfully developed 127 major new products in 2022, with nearly 77% of projects focused on digitalization, intelligence, and greening[25]. - The company has achieved breakthroughs in new energy products across lithium batteries, electric drives, and hydrogen energy, leading the industry in green technology[27]. - The company has developed 15 new energy products, including the world's first pure electric spider-type aerial work platform and a 220-ton hybrid all-terrain crane[28]. - The company has established a smart manufacturing industrial cluster, with the world's only fully automated excavator manufacturing base and multiple intelligent production lines in operation[21]. Environmental, Social, and Governance (ESG) - The company has identified 23 significant ESG issues for the year, based on the guidelines from the Hong Kong Stock Exchange and the SASB[87]. - The company is committed to achieving the "3060" dual carbon goals and has developed a preliminary plan for carbon emission accounting to support its green transformation[91]. - The company emphasizes safety, green development, and high-quality development as part of its corporate vision, continuously improving its environmental management system[91]. - The company has implemented a comprehensive environmental management system and achieved all parks obtaining pollution discharge permits, ensuring compliance with design discharge requirements[93]. - The total greenhouse gas emissions in 2022 amounted to approximately 173,047.25 tons, a decrease from 208,096.31 tons in 2021, with a greenhouse gas emission density of 4.16 tons per million revenue, up 34% from 3.10 tons per million revenue in 2021[96]. - The company has implemented strict waste management practices, categorizing waste into recyclable, non-recyclable, and hazardous waste, and ensuring compliance with national regulations[97]. Employee and Talent Management - The company employs around 25,283 staff members as of December 31, 2022[47]. - The employee turnover rate for the year was 13.90%, with a higher rate of 25.2% for those aged 25 and below[112]. - The company has maintained a 100% labor contract signing rate and full coverage of social insurance for employees[108]. - Employee satisfaction with the cafeteria services has consistently remained above 90%[110]. - The company has implemented various employee welfare programs, including marriage and maternity benefits[109]. - In 2022, the company trained a total of 25,283 employees, achieving a training coverage rate of 100%, with an average training hour per employee of 30.78 hours[125]. Corporate Governance - The company has established measures and reporting procedures to prevent corruption and ensure compliance[179]. - The company has conducted 12 large-scale integrity education sessions, involving various employee groups, to strengthen the anti-corruption atmosphere[153]. - No violations of anti-corruption laws or regulations were found during the year, and no corruption incidents were reported[156]. - The board of directors is responsible for overseeing the company's overall ESG vision and strategies, reviewing progress on ESG goals at least twice a year[85]. Community Engagement - In 2022, the company invested over 10 million yuan in community initiatives, focusing on charity donations, education support, and emergency rescue efforts[157]. - The company contributed 690,000 yuan to rural construction and education in Hunan province, improving infrastructure such as roads and health centers[158]. - A total of 2 million yuan was donated to support university students from impoverished areas, continuing an 18-year commitment to educational assistance[159]. - The company organized volunteer activities, including tree planting, with over 80 young volunteers participating in community service[164].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並表明概不對因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致的任何損失承擔任何責任。 Zoomlion Heavy Industry Science and Technology Co., Ltd.* 中聯重科股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1157） 截至2022年12月31日止年度的全年業績公告 財務摘要 • 2022年本集團的收入為人民幣416.31億元，較2021年減少人民幣255.00億 元（即-37.99%）。 • 2022年歸屬於本公司股東的本年度利潤為人民幣23.47億元，較2021年減少 人民幣39.45億元（即-62.76%）。 • 2022年基本每股收益為人民幣27.80分，與2021年基本每股收益人民幣 75.78分相比減少人民幣47.98分。2022年攤薄每股收益為人民幣27.68分， 與2021年攤薄每股收益人民幣75.29分相比減少人民幣47.61分。 • 董事會建議2022年末期股利為每股人民幣0.32元。 ...

Financial Performance - Revenue for the reporting period was CNY 21,299,497,985.01, a decrease of 49.82% compared to CNY 42,449,327,997.98 in the same period last year[18]. - Net profit attributable to shareholders was CNY 1,715,822,741.96, down 64.62% from CNY 4,850,093,179.87 year-on-year[18]. - Basic earnings per share decreased by 66.10% to CNY 0.20 from CNY 0.59 in the previous year[18]. - The company reported a total comprehensive income of CNY 1,494 million, down from CNY 4,883 million in the same period last year[22]. - The company achieved operating revenue of RMB 21.299 billion in the first half of 2022, a decrease of 49.82% compared to the same period in 2021[55]. - Net profit attributable to shareholders was RMB 1.736 billion, down 64.40% year-on-year[55]. - Gross profit for the same period was RMB 4,426 million, down 58.3% from RMB 10,614 million in 2021[96]. - Operating profit decreased to RMB 1,802 million, a decline of 68.5% from RMB 5,713 million in the previous year[96]. - Total comprehensive income for the same period was RMB 1,494 million, down 69.4% from RMB 4,883 million in 2021[100]. Assets and Liabilities - Total assets increased by 6.84% to CNY 130,363,574,637.10 from CNY 122,018,160,397.82 at the end of the previous year[18]. - Net assets attributable to shareholders decreased by 3.27% to CNY 55,008,854,187.80 from CNY 56,867,851,034.55[18]. - Current assets rose to RMB 80,934 million, an increase of 11.3% from RMB 72,714 million at the end of 2021[102]. - Current liabilities increased to RMB 59,336 million, a rise of 19.4% from RMB 49,675 million at the end of 2021[104]. - The company's total equity attributable to shareholders was RMB 54,972 million, down 3.2% from RMB 56,831 million at the end of 2021[106]. - The company’s total liabilities increased, with a notable rise in accounts payable and other payables by RMB 3,516 million during the reporting period[115]. Cash Flow - Cash flow from operating activities was CNY 1,857,312,306.03, a decline of 55.02% compared to CNY 4,129,602,305.37 in the same period last year[18]. - Cash and cash equivalents amounted to RMB 16.254 billion as of June 30, 2022[56]. - The net cash generated from operating activities was RMB 1.598 billion, a decrease primarily due to lower sales[57]. - The net cash generated from financing activities was RMB 1,781 million, a significant decrease from RMB 8,146 million in the previous year[126]. - The net increase in cash and cash equivalents was RMB 3,091 million, compared to RMB 4,019 million in the previous year[126]. Market and Product Development - The company plans to focus on new product development and market expansion strategies to improve future performance[18]. - The company achieved a significant increase in overseas sales, maintaining high growth in the export market for engineering machinery despite a decline in domestic sales due to project delays and pandemic impacts[26]. - The company launched 11 new models of tower cranes, receiving positive market feedback and further enhancing its competitive position in the construction machinery sector[30]. - The domestic market share for high-altitude operation machinery increased to the industry leader, with products now covering 71 countries and regions globally[31]. - The company has launched 63 major new products in the first half of the year, with 24 products officially released, achieving 29 digital technology and 27 intelligent technology applications, accounting for nearly 30% of the projects focused on "digitalization, intelligence, and greening"[45]. Acquisitions and Investments - The company completed the acquisition of Luchang Technology, becoming the controlling shareholder, which focuses on smart driving solutions and vehicle networking[38]. - The company completed the acquisition of a 29.99% stake in Shenzhen Luchang Technology Co., Ltd. for a total cash consideration of RMB 780 million[144]. - The company completed the acquisition of an additional 23.83% equity in Luchang Technology for a total cash consideration of RMB 620 million, reducing non-controlling interests by RMB 132 million and capital reserves by RMB 488 million[147]. Research and Development - Research and development expenses for the six months were RMB 1,122 million, down 44.0% from RMB 2,005 million in 2021[96]. - The company has filed nearly 600 patent applications in the first half of the year, a 27% increase year-on-year, with over 40% being invention patents, and 67% of patents focusing on "digitalization, intelligence, and greening"[49]. - The company has made significant advancements in new energy technology, completing prototype verification for 13 core technologies and initiating 18 new component development projects[46]. Governance and Compliance - The company has complied with all applicable provisions of the Corporate Governance Code, with the exception of the separation of the roles of Chairman and CEO, which are held by Dr. Zhan Chunxin[69]. - The company believes that the dual role of Chairman and CEO is beneficial for effective business strategy formulation and execution[69]. - The company’s audit committee has discussed the accounting standards adopted and reviewed the interim report prepared in accordance with International Accounting Standard 34[71]. Shareholder Information - As of June 30, 2022, the total number of shares outstanding is 8,677,992,236, with 99.66% being unrestricted shares[73]. - The largest shareholder, HKSCC Nominees Limited, holds 18.19% of the shares, with a decrease of 266,720 shares during the reporting period[75]. - The second-largest shareholder, Hunan Xingshan Investment Holdings Group Co., Ltd., holds 14.44% of the shares, with no change during the reporting period[75]. - The employee stock ownership plan holds 390,449,924 shares, representing 4.50% of the total shares[78]. - The company has implemented a share repurchase plan to incentivize key talent and support digital transformation and international expansion[54].

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].

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 28,827,233,677.59, representing a 29.49% increase compared to RMB 22,262,105,264.98 in the same period last year[11]. - Net profit attributable to shareholders of the listed company reached RMB 4,018,267,583.52, a 55.97% increase from RMB 2,576,288,984.24 year-on-year[11]. - The basic earnings per share increased to RMB 0.54, up 63.64% from RMB 0.33 in the previous year[11]. - The company reported a total comprehensive income attributable to shareholders of RMB 3,830 million, compared to RMB 2,570 million in the previous year[14]. - The company's revenue for the current period under Chinese accounting standards is approximately CNY 4.02 billion, a significant increase from CNY 2.58 billion in the previous period, reflecting a growth of about 55.9%[19]. - The company reported a net profit of RMB 4,025 million for the six months ended June 30, 2020, a significant increase compared to the previous period[104]. - Total comprehensive income for the same period was RMB 3,830 million, reflecting a decrease from RMB 4,058 million in the prior year[104]. - The company reported a pre-tax profit of RMB 4,726 million for the first half of 2020, compared to RMB 3,120 million in 2019, indicating a year-over-year growth of approximately 51.5%[106]. Assets and Liabilities - Total assets as of June 30, 2020, were RMB 108,373,851,454.11, a 17.71% increase from RMB 92,068,028,637.66 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company were RMB 44,310,971,343.09, reflecting a 14.02% increase from RMB 38,863,231,588.26 at the end of the previous year[12]. - As of June 30, 2020, the total equity attributable to shareholders was RMB 21,411 million, an increase from RMB 17,394 million at the end of 2019[104]. - The company reported accounts receivable of RMB 33.734 billion as of June 30, 2020, an increase from RMB 30.437 billion on December 31, 2019, which is a rise of about 10.4%[146]. - The total accounts payable increased from RMB 19,061 million to RMB 25,402 million year-over-year, indicating a significant rise in liabilities[183]. Cash Flow and Investments - The cash flow from operating activities was RMB 1,479,118,441.92, down 58.63% from RMB 3,575,081,807.12 in the same period last year[11]. - Net cash generated from operating activities for the six months was RMB 1.387 billion[47]. - Cash used in investment activities amounted to RMB 1.203 billion, primarily for purchasing capital-protected financial products[48]. - Cash used in financing activities was RMB 2.020 billion, including repayment of bank loans of RMB 40.598 billion and new bank loans of RMB 41.719 billion[49]. - The company reported a net cash outflow from investing activities of RMB (1,203) million for the six months ended June 30, 2020, compared to RMB (3,584) million in the same period of 2019[108]. Research and Development - The company has increased its investment in research and development to optimize product structure and improve quality, further consolidating its market advantage[28]. - The company reported a significant increase in R&D expenses, which rose to RMB 1,048 million from RMB 461 million year-over-year[87]. - Research and development expenses increased to RMB 1,048 million, up from RMB 461 million in 2019, reflecting a significant investment in innovation[123]. Market Position and Strategy - The construction machinery sales volume remains the highest globally, with the company maintaining a leading market share in tower cranes and concrete machinery, achieving record sales figures[25]. - The agricultural machinery segment has seen a strategic shift towards high-tech products, with key products like wheat harvesters and drying machines maintaining a top market share domestically[28]. - The company plans to continue expanding its market presence and invest in new product development and technology advancements[11]. - The company is focusing on enhancing its core component production capabilities to improve competitiveness and self-sufficiency in key parts[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 257,435[61]. - The largest shareholder, Hunan Provincial Government State-owned Assets Supervision and Administration Commission, holds 1,253,314,876 shares, representing 15.87% of total issued shares[62]. - Zoomlion's employee stock ownership plan holds 390,449,924 shares, accounting for 4.94% of total issued shares[64]. - The company proposed an interim dividend of RMB 0.21 per share for the six months ended June 30, 2020[52]. Financial Instruments and Fair Value - The fair value of investments in Yingfeng Environment was RMB 3.293 billion as of June 30, 2020, up from RMB 2.463 billion on December 31, 2019, reflecting a significant increase of approximately 33.6%[141]. - The total fair value reserve for unlisted equity securities recognized in other comprehensive income will be transferred to retained earnings upon sale[200]. - The company reported a significant increase in the fair value of financial instruments compared to the previous year, with total financial assets measured at fair value through other comprehensive income rising from RMB 2,367 million to RMB 2,602 million[196]. Employee and Stock Options - The company recognized RMB 198 million in expenses related to the equity incentive plan during the six months ended June 30, 2020, compared to RMB 59 million for the same period in 2019[190]. - As of June 30, 2020, there were 77,213,962 unexercised stock options and 21,206,109 exercisable stock options[189]. - The company did not grant any stock options during the six months ended June 30, 2020, maintaining the total at 21,206,109 exercisable options[190].