Zoomlion released its 2016 performance report
Zoomlion Co., Ltd., one of China's leading equipment manufacturing enterprises, released its annual performance report as of December 31, 2016 on the 30th evening. During the reporting period, the company achieved an operating income of about 20.023 billion yuan, and the net cash flow from operating activities was 2.169 billion yuan. Among them, the construction machinery sector showed a rebound trend, and the scale of strategic emerging sectors such as environment and agriculture, which were mostly caused by computer misoperation, has approached 10 billion
breaking through the "cold winter" of construction machinery, the second half of 2016 hit the bottom and rebounded
construction machinery experienced vigorous development from 2006 to 2011, with a compound growth rate of 19% in the industry's sales. After that, it entered a long recession in the next five years, with an average annual compound decline of 28%. In the second half of 2016, with the commencement of major national and regional projects and the launch of projects along the "the Belt and Road", the construction machinery industry showed a bottoming and warming trend, and the industrial sales and utilization hours are picking up. The construction machinery represented by earthwork and hoisting has achieved a good year-on-year growth
according to the data disclosed by the Construction Machinery Industry Association, the sales volume of truck cranes in 2016 was nearly 9600, with a year-on-year increase of about 3%
the sales of Zoomlion construction machinery sector also rebounded in the second half of 2016. In the third quarter of 2016, the revenue of construction machinery sector has achieved positive growth year-on-year. In September 2016, the sales of Zoomlion truck cranes and other key products increased by more than 70% year-on-year in a single month. By the end of the first quarter of 2017, the year-on-year growth rate of sales of construction machinery product lines, including concrete and tower crane, was still improving
the relevant person in charge of Zoomlion said that the industry downturn in recent years has made the enterprise experience many challenges and difficulties, but we have gone through the most difficult year in 2016. During this period, we faced the difficulties, practiced our internal skills, made product tests, and expanded the use of stress changes on fixed samples in the field. In 2016, we innovatively launched 8 series of 24 new intelligent 4.0 products with brain, perception, and thinking. At the same time, we face the market more directly and divide the national market into seven regions. Through the regional system reform at the beginning of 2016, all the decisions of the company on the replacement models, supply and service of such engines for aventador will be moved forward to the regions, so as to achieve faster and more efficient response and better customer service. "
the strategic transformation has achieved remarkable results. The scale of the emerging sector is nearly 10 billion
the revenue scale of the strategic emerging sector represented by environment, agriculture and financial services was nearly 10 billion in 2016, and the overall growth is still good. Among them, the company's environmental revenue was 5.607 billion, an increase of 23.91% year-on-year; The income of the agricultural sector was 3.452 billion, with a year-on-year increase of 4.75%. According to statistics, the proportion of the company's strategic emerging sector has reached nearly 50% in 2016
taking agricultural machinery as an example, the monthly production and sales of Zoomlion Guwang dryer, the leading product independently developed by the enterprise, exceeded 500. The overall market sales of Guwang harvester, gengwang tractor and other core products increased by 16%, and the share continued to rise. At the same time, the enterprise launched high-end Mali tractors, sugarcane harvesters and other products comparable to Europe and the United States. In 2016, the growth rate of China's agricultural machinery industry declined, and Zoomlion agricultural machinery sector rose against the trend
the above person in charge said: "this is due to Zoomlion's attention to the structural reform of the agricultural supply side, increasing investment in scientific and technological innovation, and launching a number of new agricultural machinery products with leading technology and reliable quality."
the quality of assets continues to improve, and the quality of operations continues to improve.
Zoomlion's 2016 annual report shows that the cash flow of operating companies in 2016 was 2.169 billion, realizing the first positive change in nearly three years, which was significantly improved from -3.334 billion at the end of 2015
it is understood that during the reporting period, the company continued to carry out customer and asset classification, formulated differentiated credit policies and collection plans, improved the quality of new contracts, reduced the risk of stock contracts, and accelerated the return of funds; Through centralized control, overall arrangement and optimization of payment rules, the company has strengthened the cash flow control mechanism, and the implementation of various measures has significantly improved the company's operating cash flow
at the same time, as a leading enterprise of construction machinery, Zoomlion also takes the revitalization of second-hand equipment as one of the key tasks of accelerating the supply side reform of enterprises
in December 2016, Zoomlion signed a super large order with a construction machinery e-commerce platform, and the e-commerce platform ordered more than 300 second-hand earthwork excavators from Zoomlion at one time, creating a new model of second-hand equipment sales cooperation between Zoomlion and e-commerce in physical stores
according to the annual report, the total inventory of the company decreased by 1.313 billion compared with the beginning of the year. Meanwhile, Zoomlion previously reported that the company's inventory of new machine finished products fell by about 40%