Zhi Tong Cai Jing·2025-11-03 08:17Core Viewpoint - Bank of America Securities has raised its earnings forecast for Zoomlion Heavy Industry Science and Technology Co., Ltd. for 2025-2026 by 5% based on increased revenue projections, maintaining a "Buy" rating due to the company's strengthening position in overseas markets and contributions from new products [1] Financial Performance - In Q3, Zoomlion's revenue increased by 25% year-on-year to 12.3 billion RMB, exceeding the bank's expectations by 21% [1] - For the first three quarters of the year, cumulative revenue grew by 8% year-on-year to 37 billion RMB, while net profit rose by 25% to 3.9 billion RMB [1] - Operating cash flow for the period surged by 137% year-on-year to 2.9 billion RMB [1] Price Target Adjustments - The target price for Zoomlion's H-shares has been raised from 7.6 HKD to 8.5 HKD, and the target price for its A-shares has been increased from 10.4 RMB to 10.9 RMB [1] Product Development - Zoomlion is actively developing robotic products, with new production lines expected to be operational by 2026, which may serve as a long-term growth engine for the company [1]