On the evening of August 27th, Zoomlion released its 2026 half-year report. During the reporting period, the company achieved a revenue of 27.135 billion yuan, an increase of 9.17% year-on-year, and both domestic and overseas revenues increased. Domestic revenue was 11.6 billion yuan, an increase of 5.08% year-on-year, and overseas revenue was 15.535 billion yuan, an increase of 12.45%.
In the first half of the year, the company achieved an attributable net profit of 2.102 billion yuan. If the impact of the currency appreciation factor on the phased exchange rate losses is excluded, the attributable net profit was 2.802 billion yuan, an increase of 17.19% year-on-year. It is worth noting that the exchange rate loss this period belongs to the phased book exchange rate fluctuation, and most of the related projects have not been settled at the end of the reporting period and do not directly correspond to the current operating cash outflow. The company's main business operating fundamentals and core business development trends remain stable.
The company implements the high-quality development strategy, adheres to value sales orientation, and continuously improves operating quality while achieving revenue growth. The operating cash flow net amount in the first half was 2.42 billion yuan, an increase of 38.12% year-on-year, and the collection rate was 103.82%, an increase of 5.31 percentage points compared with the previous year. The operating quality and risk resistance capacity have been further enhanced.
01
The globalization strategy is advancing in depth
The local layout is constantly improving
The regional market structure is further optimized
With its unique end-to-end, digital, and local overseas business development model, Zoomlion has continuously deepened its layout of overseas markets. In the first half of the year, the company achieved overseas revenue of 15.535 billion yuan, an increase of 12.45% year-on-year, with overseas revenue accounting for 57.25%, an increase of 1.67 percentage points year-on-year.
In the overseas market, the company's products cover 170+ countries and regions around the world. The markets in various regions are developing collaboratively, and the market structure is further optimized. Among them, Europe, Africa, Southeast Asia, the Middle East, Central Asia, and South America have balanced proportions, effectively avoiding risks from fluctuations in a single market. In the first half of the year, the growth rates of the five major regions - South America, Europe, Southeast Asia, Africa, and East Asia - were higher than the overall average.
In terms of local layout, the company continuously promotes the expansion of the service network to the core markets, accelerates the improvement of market layouts in Europe, South America, Africa, Australia and New Zealand, and builds a global coverage of overseas outlets. By the end of the first half of the year, the company has built 30 first-class airports, 530+ second and third-level outlets, more than 300 spare parts warehouses, and nearly 7,000 local employees in overseas areas. The Hungarian factory of intelligent high machines has been put into production, and the German factory has been expanded and upgraded into a multi-functional comprehensive platform. The global local layout has become increasingly complete.
In terms of management upgrade, the company deepens the flat management system, optimizes the operation mechanism of front, middle, and back office inspections, achieves 24-hour ultimate response for global business, and comprehensively enhances the operational efficiency of global business. It continuously promotes digital empowerment, covering the entire process of customer opportunities, business execution, and risk warning for precise control, and further enhances the comprehensive management ability of overseas business.
02
The relevant diversification strategy has achieved remarkable results
The dominant business segments have a stable position
The emerging business segments and future industries are accelerating their development
In the first half of 2026, the company's dominant business segments maintained a stable market position. Among them, the domestic product structure of concrete machinery continued to optimize, new electric products and high-end products such as large mixing stations and telescopic boom pump trucks were accelerated to be launched, the overseas market maintained a rapid growth rate, and the synergy with its subsidiary Italian CIFA was further deepened. Large-tonnage engineering cranes have been delivering batches of products continuously, and the international product range has been continuously improved. Construction cranes focused on high-quality orders, the contract quality and down payment ratio continued to improve, wind turbine tower cranes and the overseas high-end market achieved positive progress.
The emerging business segments are growing rapidly. In the first half of the year, the revenue of the second growth curve businesses such as earthmoving, mining, heavy machinery, and agricultural machinery totaled approximately 12.5 billion yuan, with a year-on-year growth of about 10%, and the combined revenue accounted for more than 46%. The revenue of earthmoving machinery accounted for about 20%, and the domestic growth rate was faster than the industry. The export scale of excavators remained at the forefront of domestic brands, and its overseas revenue accounted for the first place in the company's overseas total revenue. The new energy, unmanned driving, and large-tonnage high-end products of mining machinery were in high demand, and some new energy products passed the EU CE certification. High-altitude operation machinery continued to expand in Europe and emerging markets, and new delivery of products such as ultra-high-meter segment, mast column type, and fork trucks was continuously increasing. The Hungarian factory has been put into production and is accelerating integration into the global industrial ecosystem. Agricultural machinery focused on high-end, international, and new energy, promoted the implementation of products such as hybrid tractors and hybrid harvesters, and further expanded the overseas market through the group's channels.
The future industries are developing steadily. Zhongke Yungu has developed multiple embodied intelligent robot products, with the core components, operating system, complete machine technology, and scene applications fully autonomous controlled. It is one of the few AI-native robot enterprises that have fully self-developed humanoid robot technology, achieved scalable scene implementation, and continuously iterated data. It is also the only enterprise in the industry to achieve the research and development and implementation of embodied intelligent robots. Currently, Zoomlion has built a full-stack technology system that integrates algorithms, software, hardware, and scenarios, forming a differentiated core technology barrier, and continuously promoting embodied intelligent technology towards industrial application.
Industry experts stated that in the first half of 2026, the export of the construction machinery industry continued to grow, and policies related to equipment renewal continuously released the potential of domestic demand. Electricization and intelligence were accelerating their implementation. Facing complex and changing external environments, Zoomlion adhered to long-termism and continuously advanced the globalization and relevant diversification strategies, further improving its operating quality and development resilience. Looking forward to the future, with the acceleration of major project investments such as "six networks", the entry of the replacement window period for existing equipment, and the continuous strength of global infrastructure and mining capital investment, the company is expected to further open up growth space and promote long-term stable and high-quality development.