Zoomlion Heavy Industry Science and Technology Co., Ltd. Provides Earnings Guidance for the Third Quarter and Nine Months Ended 30 September 2020
October 14, 2020 at 05:36 am
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Zoomlion Heavy Industry Science and Technology Co., Ltd. provided earnings guidance for the third quarter and nine months ended 30 September 2020. For the quarter, the company expects net profit attributable to the equity shareholders of the Company to be in the range of RMB 1,482 million to RMB 1,782 million and basic earnings per share to be in the range of RMB 0.20 to RMB 0.24.
For the nine months, the company expects net profit attributable to the equity shareholders of the Company to be in the range of RMB 5,500 million to RMB 5,800 million and basic earnings per share to be in the range of RMB 0.74 to RMB 0.78.
Zoomlion Heavy Industry Science & Technology Co., Ltd. specializes in the development, manufacturing and marketing of industrial construction equipment. Net sales break down by family of products and services as follows:
- construction equipment (94.2%): concrete machines, cranes truck, crawler trucks, tower cranes, road machinery and road maintenance machinery (motor graders, road rollers, coating cold milling), rotary drills, earth moving equipment (crawler loaders, bulldozers and excavators), materials handling machines, etc.;
- agricultural machinery (4.1%): harvesters, tillers, cultivators, tractors, drying machines, etc.;
- financial services (1.7%).
China accounts for 94.1% of net sales.