Report
John Hu
EUR 147.86 For Business Accounts Only

Zoomlion's 1H Result Disappoints on Weak Construction Sales, One-Off Losses; Under Review

No-moat construction machinery firm Zoomlion reported disappointing first-half results, with its interim net loss doubling to CNY 832 million, mainly on one-off losses related to restructuring charges and foreign exchange losses, while deteriorating demand for construction machinery led revenue to drop 15% year on year to CNY 9 billion. While Zoomlion's environmental and agricultural product portfolios (40% of our 2016 revenue estimate) managed to achieve 8% and 12% year-on-year revenue growth o...
Underlying
Zoomlion Heavy Industry Science & Technology Co. Ltd. Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
John Hu

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