智通财经网·2025-09-02 06:57Core Viewpoint - Bank of America Securities reports that Zoomlion Heavy Industry (01157) recorded revenue of 12.7 billion RMB in Q2, remaining roughly flat year-on-year, aligning with expectations [1] Financial Performance - Operating profit decreased by 5% to 1.1 billion RMB, which is 22% lower than the bank's expectations [1] - Net profit fell by 1% to 1.4 billion RMB, exceeding the bank's expectations by 21%, primarily due to higher-than-expected foreign exchange gains [1] Earnings Forecast - Bank of America Securities raised its earnings forecasts for Zoomlion for 2025 to 2027 by 1.7%, 1.5%, and 5% respectively [1] - The target price for the stock was increased from 7.2 HKD to 7.6 HKD, maintaining a "Buy" rating [1] Future Outlook - Management plans to expand overseas production capacity, with a factory in Hungary set to commence operations in Q4 [1] - The company aims to enhance its sales and service network to capture a larger share of overseas markets [1] - Domestic revenue in the first half of the year declined by 12% to 11 billion RMB, mainly due to weak demand for aerial work platforms and tower cranes, but the company anticipates a slight improvement in domestic demand supported by policy measures [1]