Zoomlion H1 2026 Revenue Up 9.17%, Overseas Share Exceeds 57%

Zoomlion released its 2026 interim report, showing revenue of RMB 27.135 billion, up 9.17% year-on-year, with growth in both domestic and overseas markets. Domestic revenue reached RMB 11.6 billion, up 5.08%, while overseas revenue rose 12.45% to RMB 15.535 billion, accounting for 57.25% of total revenue, an increase of 1.67 percentage points year-on-year. Net profit attributable to shareholders was RMB 2.102 billion, down 23.97%, mainly due to temporary exchange losses. Excluding this factor, net profit attributable to shareholders was RMB 2.802 billion, up 17.19%. Operating cash flow net inflow was RMB 2.42 billion in the first half, up 38.12%, reflecting enhanced operational quality and resilience.

In overseas business, the company continued to deepen its "end-to-end, digital, localized" development model, with products covering more than 170 countries and regions. Regional markets developed in coordination, and the market structure further improved. Revenue contributions from Europe, Africa, Southeast Asia, the Middle East, Central Asia, and South America were balanced, effectively mitigating single-market volatility risks. Five regions—South America, Europe, Southeast Asia, Africa, and East Asia—grew faster than the overall average. As of the end of the reporting period, the company had built over 30 first-tier air hubs globally, more than 530 second- and third-tier outlets, and over 300 spare parts warehouses, with about 6,600 overseas local employees. The intelligent high-altitude work platform factory in Hungary was completed and put into operation, while the German factory was upgraded and expanded into a multifunctional integrated platform. The company now operates more than ten overseas manufacturing bases in Italy, Germany, Hungary, Turkey, Mexico, Brazil, and India, transitioning from "product export" to "local manufacturing," with overseas product portfolio coverage reaching 67.5%.

Emerging business segments accelerated growth. In the first half, revenue from earthmoving, mining, high-altitude work platforms, and agricultural machinery totaled approximately RMB 12.5 billion, up about 10% year-on-year, accounting for over 46% of total revenue. Earthmoving machinery contributed about 20% of revenue, with domestic growth outpacing the industry, and excavator export volumes maintained a leading position among domestic brands, with overseas revenue ranking first among all business segments. Mining machinery saw strong market performance in new energy, unmanned, and large-tonnage high-end products, with some new energy products obtaining EU CE certification. High-altitude work platforms continued to expand in European, American, and emerging markets, with new deliveries of ultra-high-lift, mast-type, and telehandler products. Agricultural machinery advanced toward "high-end, international, new energy" directions, promoting hybrid tractors and hybrid harvesters, and leveraging group channels to further expand overseas markets.

Embodied intelligence, as a future industry the company is accelerating, has led to the development of two new products: the Z01 bipedal humanoid robot and a 15KG-class quadruped robot, with steady progress in automated production line construction. Zhongke Yungu's humanoid robot factory is scheduled to be completed and put into operation within the year, gradually moving to batch production and market sales. The company has built a full-stack technology system integrating "algorithms, software, hardware, and scenarios," planning to deploy embodied intelligent robots on a large scale in smart factories, promote deep human-machine collaboration, continuously accumulate real-world scenario data, and leverage the data flywheel effect to iteratively improve intelligence levels. The company has replicated mature smart manufacturing solutions across multiple global factories and is advancing pilot applications of humanoid robot prototypes in machining, logistics, assembly, and quality inspection.

As of the end of the reporting period, the company had cumulatively built and put into operation 20 smart factories and over 440 smart production lines globally, including 16 unmanned "black-light" lines, deploying more than 3,000 industrial robots, aggregating over 600 production line patents, with production line automation exceeding 90% and AI application scenarios exceeding 80%. The company continued to deepen its "pin-shaped" flat management system, optimize the "front, middle, and back office spot-check" operating mechanism, achieve 24-hour extreme response for global business, and advance digital empowerment covering customer opportunities, business execution, and risk warning across the entire process.