The hottest Zoomlion's net profit in the first qua

Zoomlion's net profit in the first quarter increased by 166% year-on-year, and the revenue of construction machinery increased by nearly 50%

on the evening of April 29, (000157) released the first quarter report of 2019. The report shows that during the period, the company achieved an operating revenue of 9.017 billion yuan, an increase of 41.76% year-on-year; The gross profit margin of the product reached 30.01%, with a year-on-year increase of 4.68 percentage points; The net profit attributable to shareholders of listed companies was 1.002 billion yuan, with a year-on-year increase of 165.98%; The net cash flow from the company's operating activities was 1.867 billion yuan, an increase of 311.56% over the same period last year

Zoomlion believes that the construction machinery industry was booming in the first quarter of 2019, and the market supply and demand were booming. The company continued to focus on construction machinery, insisted on strengthening and refining, and its core product competitiveness and market share increased steadily, while its revenue maintained a high growth rate; Gross profit margin, net profit margin and other profit indicators increased significantly year-on-year; Operating indicators such as accounts receivable and inventory turnover days continued to improve significantly. Adhering to the concept of high-quality development, the company has continuously enhanced its profitability through measures such as scale improvement and product structure optimization

the growth rate of the construction machinery sector is nearly 50%

driven by the advantages of equipment upgrading, infrastructure construction, environmental protection upgrading, artificial replacement, and the improvement of the market competitiveness of Zoomlion's products, the operating revenue of Zoomlion's construction machinery sector in the first quarter increased by nearly 50% year-on-year, driving the overall rapid growth of the company's revenue

the company achieved high-quality growth in the construction machinery sector by promoting 4.0 product engineering and developing emerging businesses. Zoomlion produced a batch of new pump extruders in the first quarter, including four bridges, 63 meters and 7-section arms. According to the number of screws, the extruders can be divided into single screw, twin screw and multi screw extrusion locomotives, ztc350h552 truck crane, and the industry's first national six standard vehicle mounted pump. After several years of operation, a batch of new zero swing zero drift testing machines have been produced. Emerging businesses such as aerial work platform products, machine-made sand, dry mixed mortar and jet manipulator continue to expand, and the situation is good

at the same time, the company improves the market response speed, actively develops the market, and strengthens the influence of products. Since the first quarter, Zoomlion concrete machinery, engineering cranes, construction cranes, piling workers, pavement, etc. have carried out spring ordering meetings across the country, and good news has been reported frequently, with a total of billions of orders. The market share of the company's core products concrete machinery and engineering hoisting machinery has increased steadily

the profitability of products has been greatly enhanced

during the reporting period, the net profit attributable to shareholders of listed companies was 1.002 billion yuan, an increase of 165.98% year-on-year; The gross profit margin of the company's products was 30.01%, up 4.68 percentage points year-on-year

green and intelligent 4.0 products not only create more value for customers, but also contribute more profits to Zoomlion. At the same time, the blessing of intelligent manufacturing further releases the development momentum of Zoomlion. Streamlined, automated and intelligent production improves production efficiency, reduces costs, and strengthens profitability

in the first quarter, Zoomlion's world's largest tower crane intelligent factory was grandly opened. The automated production line produced an average of 1 standard section every 10 minutes and a jib every 90 minutes. The intelligent factory of aerial work machinery also maintained good operation

at the same time, the company controlled various costs and expenses, strengthened throttling while opening up sources, and achieved a "hard decline" in the three expenses of finance, management and sales, which played a positive role in the growth of the company's net profit

net operating cash flow increased by 312%

according to the first quarterly report, the days of accounts receivable and inventory turnover at the end of the period were 269 and 153 days, respectively, 14 and 7 days less than the beginning of the period. The management and control of working capital and the improvement of asset operation efficiency are better than the industry level

Zoomlion continues to strengthen risk awareness, timely understand customers and front-line business through CRM system and big data platform, and firmly grasp the key points of risk control; By strengthening the management and control of working capital and improving the efficiency of asset operation, the robustness of the company's operation has been further strengthened, and the efficiency of asset turnover has been significantly improved

during the period, the net cash flow generated by the company's operating activities that can start from one production line was 1.867 billion yuan, which further decreased the cost compared with the same period last year, with an increase of 311.56%

Zoomlion said that it is expected that the construction machinery industry will continue to grow this year. The company's product structure is dominated by the hoisting and concrete equipment at the back end of the construction machinery construction. From the perspective of structure, it has sufficient stamina. This year, the company will further enrich its product portfolio and continue to increase its market coverage in its product lines such as concrete pump trucks, mixer trucks and truck cranes, which is expected to achieve a growth rate better than the industry average