Tonight, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) released the annual performance report for 2021. 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.
emerging sector has full growth momentum
In 2021, affected by multiple factors such as repeated epidemics, rising prices of bulk commodities such as steel and dual control of energy, the growth rate of the industry fell, and enterprises in the construction machinery industry faced many challenges Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) focusing on the main business and carrying out relevant diversified layout, the market share of construction machinery products in the advantageous sector continued to consolidate, the emerging sector continued to make breakthroughs, the overseas business layout accelerated, and the company’s performance achieved contrarian growth.
Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) engineering hoisting machinery, construction hoisting machinery and concrete machinery continue to enhance their competitiveness and have a stable market position. The growth of emerging sectors is another highlight of Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) 2021 annual report. 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.
At the same time, the company continued to use the “global village thinking” to promote the reform and development of overseas business, achieved gratifying results in 2021, and the overseas revenue increased by 51.05% year-on-year.
continuously deepen the results of cost reduction and efficiency increase
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.
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 report, Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) period, the expense rate 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.
2022 is expected to usher in the trend of “low before high”
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.
The R & D concept of “technology is the root and product is the foundation” 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 period, the number of patent applications increased by 62% year-on-year, of which the number of invention patent applications increased by 48% year-on-year. A total of 727 patents were authorized in the whole year, with a year-on-year increase of 99.2%. It won one Chinese Patent Gold Award and two Chinese patent Excellence Awards. At the same time, it took the lead in releasing 8 series of new energy products and the industry’s first domestic carbon fiber boom pump truck and other industry-leading high-end products.
According to industry analysis, the construction machinery industry is expected to usher in the trend of “low before high” in 2022.
