$ZOOMLION (01157.HK)$ The company announced its mid-year performance in 2024, with revenue of RMB 24.535 billion, a year-on-year increase of 1.91%. The company's shareholders' net profit was RMB 2.281 billion, a year-on-year increase of 10.94%. Basic earnings per share were 27.64 fen.
In the first half of the year, the company's overseas income grew strongly, with a year-on-year growth of over 39.2%. With the development of regions such as Latin America, Africa, and India, as well as breakthroughs in the markets of developed countries such as the European Union and North America, the sales proportion of the three major "main grain regions" in the Middle East, Central Asia, and Southeast Asia has decreased to around 36%, and the overseas market layout has become more diversified. The regional sales structure has been further optimized, showing a continuous high-speed growth trend of "blossoming in multiple areas".
Guided by the concept of "using internet thinking to run the company and extreme thinking to create products", the company closely focuses on the goal of high-quality development, accelerates the transformation and upgrading towards digitization, intelligence, and greenization, accelerates the development of emerging business sectors, cultivates and strengthens new growth poles and growth points, deepens international development, continuously enhances resilience and endogenous power, expands the industrial echelon, and achieves great expansion in overseas business.