Zoomlion H1FY26 Results: Revenue rises 9.2% to RMB 27.14 billion
- Revenue rose 9.17% YoY to RMB 27.14 billion in H1 2026
- International revenue grew 12.45% to RMB 15.54 billion, now 57.25% of total
- Operating cash flow surged 38.12% to RMB 2.42 billion
- Diversified segments (earthmoving, mining, etc.) contributed >46% of revenue

*this image is generated using AI for illustrative purposes only.
Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) reported first-half 2026 revenue of RMB 27.14 billion (approx. US$4.04 billion), a 9.17% year-over-year increase driven by expansion in both domestic and international markets.
Financial Performance
The company’s top-line growth was underpinned by strong cash generation. Net cash from operating activities rose 38.12% to RMB 2.42 billion (approx. US$360.1 million), indicating improved liquidity alongside revenue expansion.
| Metric | H1 2026 | Change |
|---|---|---|
| Revenue | RMB 27.14 billion | +9.17% |
| International Revenue | RMB 15.54 billion | +12.45% |
| Operating Cash Flow | RMB 2.42 billion | +38.12% |
What the Numbers Show
International operations now constitute the majority of Zoomlion’s business. With international revenue at RMB 15.54 billion, it accounts for 57.25% of total revenue, an increase of 1.67 percentage points from the prior year. This shift highlights the company’s growing dependency on overseas markets for top-line growth.
International Expansion
International revenue grew 12.45% to RMB 15.54 billion (approx. US$2.31 billion). Growth in South America, Europe, Southeast Asia, Africa, and East Asia outpaced the overall international growth rate. As of June 30, 2026, Zoomlion operated more than 30 primary business hubs, over 530 secondary outlets, and nearly 7,000 local employees globally.
Key infrastructure developments included:
- Commencement of production at its Hungarian aerial work platform factory.
- Expansion of its German facility into a multipurpose hub.
- Strengthened local sales and service capabilities across Europe, South America, Africa, Australia, and New Zealand.
Segment Performance
Earthmoving machinery emerged as the largest contributor to international revenue, accounting for approximately 20% of total company revenue. Combined revenue from earthmoving, mining, aerial work platforms, and agricultural machinery reached approximately RMB 12.5 billion (approx. US$1.86 billion), up about 10% year-over-year. This diversified portfolio segment now represents more than 46% of total revenue.
Core concrete and crane machinery businesses maintained solid positions. The company advanced electric product rollouts, including large mixing plants and long boom pump trucks, while deepening collaboration with Italian subsidiary CIFA.
Technology and Future Outlook
Zoomlion continues to invest in embodied intelligence through subsidiary ZValley Technology Co., Ltd., which has developed several AI robot products. Several new energy mining products received EU CE certification, facilitating entry into international markets. The company cited infrastructure investment and equipment replacement trends as key demand drivers going forward.
How might the increasing reliance on international markets (now over 57% of revenue) expose Zoomlion to geopolitical risks or currency fluctuation volatility in the second half of 2026?
What specific strategies is Zoomlion employing to maintain its 12.45% international revenue growth rate amidst potential trade barriers or protectionist policies in key regions like Europe and South America?
To what extent will the newly EU CE-certified new energy mining products contribute to revenue diversification, and how quickly can they capture market share from established competitors?































