disclose the annual performance report of 2021 on March 30, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) 3. During the reporting period, the company achieved an operating revenue of 67.131 billion yuan, a year-on-year increase of 3.11%. Under the background of repeated global epidemics and multiple pressures on the industry, during the reporting period, the company deeply cultivated its main business and made efforts to develop emerging sectors. Its revenue increased against the trend and achieved high-quality development.
Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) said that in 2021, the Chinese market of construction machinery industry gradually stabilized, the international market demand increased, the company strengthened the integration and innovation of new technologies such as new digital, new energy and new materials, the product market competitiveness continued to enhance, the contribution of overseas markets and emerging sectors continued to grow, the operating efficiency continued to improve, the company achieved new results in high-quality development during the period, and the subsequent growth momentum was full.
leading sectors continue to improve and strengthen diversified layout and enhance growth momentum
In 2021, affected by the repeated impact of the epidemic, the commencement of construction, the rise in the price of bulk commodities such as steel, the dual control of energy and other factors, the growth rate of the industry fell, and the enterprises in the construction machinery industry faced many challenges Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) focus on the main business, carry out relevant diversified layout, and go forward in multiple directions. The market share of advantageous construction machinery products continues to consolidate, the emerging sectors continue to break through, the overseas business layout is accelerated, and the company’s performance has achieved contrarian growth.
According to the annual report, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) the three “champion” products of engineering hoisting machinery, construction hoisting machinery and concrete machinery continued to enhance their competitiveness and stable market position during the reporting period. In terms of crane business, the sales volume of truck cranes of 30 tons and above ranked first in the industry, and the sales volume of large tonnage truck cranes increased by more than 30% year-on-year; China’s market share of super large tonnage crawler crane ranks first in the industry. The sales of construction hoisting machinery hit a new record, and the sales scale ranked first in the world. In terms of concrete machinery, the market share of long boom pump truck, on-board pump and mixing station still ranks first in the industry; The advantages of lightweight mixer products are prominent, and the market share ranks among the top three in the industry.
It is worth mentioning that the sales volume of Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) emerging sector is growing rapidly. The report shows that the company’s sales of high-altitude operation machinery reached 3.351 billion yuan in 2021, with a significant year-on-year increase of 310.76%. While China’s market share ranks among the top three in the industry, the overseas market has performed well, covering 58 countries and regions on five continents. The earth moving machinery vigorously cultivated has formed a dual manufacturing base layout of “Weinan + Changsha”. The sales volume of Zhongda excavation products with good profitability has increased significantly. The overseas revenue of earth moving machinery is also very dazzling, and the sales scale has reached a new high over the years.
In addition, emerging sectors such as aerial work machinery, earth moving machinery, new building materials and agricultural machinery and Jiangsu Nonghua Intelligent Agriculture Technology Co.Ltd(000816) have accounted for more than 20% of the company’s revenue, with a year-on-year increase of nearly 6 percentage points, and the development trend is good. Relevant diversified layout has further enhanced Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) core competitiveness and won broader development space for the company. In 2021, the company’s overseas revenue increased by 51.05% year-on-year.
continuously deepen the results of cost reduction and efficiency increase, and continuously improve the quality and efficiency of operation and Management
According to the annual report, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) ending inventory decreased by 7.85% compared with the beginning of the year, inventory turnover days decreased year on year, and inventory turnover efficiency continued to improve; The quality and operation level of the company’s business and assets continue to be optimized.
In 2021, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) faced with the industry common pressure of the rising price of bulk raw materials of steel, the company achieved cost reduction and efficiency increase through cost reduction and cost control.
According to the introduction, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) strengthen the construction of supply chain system, promote the localization of overseas suppliers and suppliers from other provinces on the premise of ensuring resource advantages, optimize the layout of supply chain, ensure supply security, reduce costs and increase efficiency. At the same time, the company has integrated high-quality resources globally, built a global manufacturing, sales and service network, deeply promoted end-to-end management, and reduced the sales expense rate; Accelerate the construction of digital transformation and end-to-end management, realize the comprehensive mobility of business management and reduce the rate of management expenses.
According to the annual report, the expense rate during Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) period decreased by 1.2% year-on-year, of which the sales expense rate decreased by 1.04% and the management expense rate decreased by 0.51% year-on-year.
Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) said that the company continued to adopt “four reduction” measures to optimize the product structure, reduce the costs of purchased and self-made parts, improve the gross profit margin of products, give play to the synergy with partners and maximize the input-output efficiency.
digital, intelligent and green transformation and upgrading accelerated
In recent years, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) accelerated the transformation and upgrading of digitization, intelligence and greening, strengthened the integration and innovation of new technologies such as new digital, new energy and new materials, and consolidated the foundation of high-quality development of the company.
In 2021, the construction of 14 lighthouse factories built by the company with Zoomlion smart industry city as the core was in full swing. Among them, the Zhongda digging assembly intelligent production line in the excavator Park of shoukai district was put into operation, and the “digging Machinery Intelligent Manufacturing demonstration factory” project was selected as the unit that unveiled the national intelligent manufacturing pilot demonstration factory; Changde, the world’s largest tower crane intelligent factory, has been put into operation, and the industrial foundation of the world’s first tower crane has been further consolidated; Yuanjiang mixer intelligent factory has been opened and put into operation, and the intelligent manufacturing level is leading in the world; The intelligent industrial park of key hydraulic components (hydraulic valves) in Changde was completed and put into operation, and the independent and controllable ability of high-end hydraulic valve manufacturing was further improved; In addition, the construction of intelligent manufacturing parks such as planned high-end hydraulic cylinders, engineering axles, Changde agricultural machinery and Ma’anshan foundation construction machinery has been promoted in an orderly manner.
“Technology is the root and product is the foundation” has always been the R & D concept Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) adheres to, which is reflected in the increasing R & D expenses and has achieved fruitful results. In 2021, the company’s R & D expenditure was 3.865 billion yuan, a year-on-year increase of 15.56%. During the reporting period, the number of patent applications of the company increased by 62% year-on-year, of which the number of patent applications for invention increased by 48% year-on-year. A total of 727 patents were authorized throughout the year, with a year-on-year increase of 99.2%. The company won one Chinese Patent Gold Award and two Chinese patent Excellence Awards. At the same time, the company released 8 series of new energy products and the industry’s first domestic carbon fiber boom pump truck and other industry-leading high-end products.
Industry analysts believe that at the end of 2021, the central economic work conference clearly put forward strategic measures to carry out infrastructure investment moderately in advance, which will bring sustainable development impetus to the construction machinery industry. According to the policy transmission cycle, the construction machinery industry is expected to usher in the trend of “low before high” in 2022.
Looking forward to the future, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) said that the company will continue to use the thinking of the Internet as the enterprise and the ultimate thinking as the product, adhere to the concept of “technology is the root and product is the foundation”, make the technology, quality, cost and service to the extreme, strengthen the core competitiveness, accelerate the transformation and upgrading of digitization, intelligence and greening, make efforts to make relevant diversified layout, seize the new market opportunities of China and the world, and realize sustainable and steady development.
