Shang Hai Zheng Quan Bao·2025-08-29 19:49Core Viewpoint - Zoomlion reported a revenue of 24.855 billion yuan for the first half of 2025, reflecting a year-on-year growth of 1.30%, while net profit attributable to shareholders reached 2.765 billion yuan, up 20.84% [2] Financial Performance - The company achieved a non-recurring net profit of 1.925 billion yuan, marking a 30% increase year-on-year [2] - In Q2, the non-recurring net profit was 1.051 billion yuan, showing a 50% year-on-year growth and further improvement in quarter-on-quarter growth [2] - Gross margin stood at 28.15%, an increase of 0.17 percentage points year-on-year; net profit margin was 11.12%, up 1.8 percentage points; and non-recurring net profit margin was 7.75%, up 1.71 percentage points [2] - Operating cash flow net amount reached 1.752 billion yuan, a significant increase of 112% year-on-year [2] Business Segments - The traditional business segments, including concrete machinery and engineering hoisting machinery, showed a recovery in domestic sales and an increase in market share for exports [2] - The emerging business segments are rapidly growing, with earthmoving machinery revenue increasing by 22%, accounting for nearly 20% of total revenue [3] - The mining machinery segment experienced high-speed growth, establishing annual procurement and strategic cooperation with several large state-owned enterprises [3] - The aerial work machinery segment is advancing in electrification and intelligent upgrades, with a factory in Hungary accelerating construction [3] - The agricultural machinery segment maintains a leading market share in domestic drying machines and wheat machines, with continuous improvement in market share for other products [3] Global Expansion - The company reported overseas revenue of 13.815 billion yuan, a 15% increase year-on-year, accounting for 55.58% of total revenue, up 6.48 percentage points [4] - The African market saw a year-on-year growth of over 179%, while the Middle East, Southeast Asia, and Australia/New Zealand maintained rapid growth [4] - Emerging market sales accounted for 39% of total sales [4] Shareholder Returns - The company plans to distribute a mid-term dividend of 2 yuan per 10 shares (including tax), totaling 1.73 billion yuan [4] - Since its listing, the company has conducted 28 dividend distributions totaling 30.61 billion yuan, exceeding the total amount raised from the capital market, with a historical overall dividend ratio of 47% [4] - The company has also engaged in large-scale share buybacks, totaling approximately 5 billion yuan [5]