Zoomlion Heavy Industry Science and Technology (000157) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥52.11 billion, up 14.58% year-over-year; net profit attributable to shareholders was ¥4.86 billion, up 38.01% year-over-year.

• Cash flow from operating activities increased 127.53% year-over-year to ¥4.87 billion.

• Overseas revenue grew 30.52% year-over-year, now accounting for 58.56% of total revenue.

• Traditional segments (concrete, crane, construction machinery) maintained leading market positions; emerging businesses and robotics accelerated.

• Significant R&D investment with 1,800+ projects, 361 new products, and 601 new international certifications.

Financial highlights

• Gross margin for engineering machinery was 28.75%, agricultural machinery 20.00%, and financial services 95.93%.

• Basic and diluted EPS were both ¥0.56, up 36.59% year-over-year.

• Total assets at year-end were ¥133.14 billion, up 7.59% from the previous year.

• Net assets attributable to shareholders were ¥57.57 billion, up 0.75% year-over-year.

• R&D expenditure was ¥2.95 billion, 5.67% of revenue.

Outlook and guidance

• 2026 expected to see continued domestic market recovery, policy-driven equipment upgrades, and robust export demand.

• Focus on high-quality growth, digital and green transformation, and global expansion.

• Continued investment in R&D, intelligent manufacturing, and new energy products.