Ge Long Hui A P P·2025-11-03 05:35Group 1 - The core viewpoint of the report indicates that Zoomlion's Q3 revenue increased by 25% year-on-year to 12.3 billion yuan, exceeding Bank of America's expectations by 21% [1] - Excluding one-time items, core profit slightly rose by 1% year-on-year to 718 million yuan [1] - For the first three quarters of the year, cumulative revenue grew by 8% year-on-year to 37 billion yuan, while net profit increased by 25% year-on-year to 3.9 billion yuan [1] Group 2 - Operating cash flow for the period increased significantly by 137% year-on-year to 2.9 billion yuan [1] - Bank of America noted that Zoomlion is actively developing robotic products, with new production lines expected to be operational by 2026, potentially serving as a long-term growth engine [1] - Based on revised revenue forecasts, Bank of America raised its earnings projections for 2025-2026 by 5% and adjusted the target price for Zoomlion's H-shares from 7.6 HKD to 8.5 HKD, and for A-shares from 10.4 CNY to 10.9 CNY, maintaining a "Buy" rating due to the company's strengthening position in overseas markets and contributions from new products [1]