Sun Changjun, vice president of Zoomlion disclosed to reporters on a conference call yesterday that in the future the company will accelerate the development speed of environmental sanitation machinery, agricultural machinery, heavy trucks and financial industry, among which sanitation machinery will expand and will be relocated to new ones in August this year. Production base.
"This year, the machinery industry is relatively weak, and we have been thinking about whether there should be some new breakthroughs." Sun Changjun said that for the environmental and mechanical sector, the company has high hopes.
The sanitation machinery is now under the Zoomlion subsidiary. The products include sweepers, snow-removal vehicles and other complete sets of equipment. Although last year it also had $3.03 billion in revenue, it ranked third in sales revenue in the eight business segments. "We intend to continue to develop the manufacturing of construction waste, sewage sludge prevention and control equipment in the future."
He said that the current production of environmental sanitation machinery is mainly in the old campus of China United Science and Technology Park. There are many product lines in the area of ​​180 mu of science and technology parks, and there is a bottleneck in the development of sanitation machinery. Therefore, the company will completely relocate the sanitation machinery production line to another area of ​​600 mu in August this year. “The new industrial base is still in Changsha. It takes about 15 minutes by car to the Zoom Valley Industrial Park of Zoomlion.â€
Sun Changjun said that the development of environmental sanitation machinery is being concerned by Zoomlion, in addition to meeting the needs of domestic urbanization and the huge domestic demand for environmental protection products, it can also increase the valuation of Zoomlion.
“Now the valuation of domestic machinery listed companies has been reduced from 12 times to 8 times and 5 times, and the valuation of environmental sanitation listed companies is even more than 30 times. Therefore, increasing the input of sanitation machinery can also improve us. Corporate recognition in the capital market."
In addition to the above sections, Zoomlion will also be involved in two new markets, such as agricultural machinery and heavy trucks. “The market for agricultural machinery is very large, and the mid-to-high end is basically dominated by Japanese and American companies. Although China’s own agricultural machinery company has a certain basis, but the market share is not high, and the product types are also scattered. We hope to rely on our previous projects. The advantage of machinery is to make agricultural machinery into one of our business highlights, and in the heavy truck industry, we will not do some superposition of overcapacity, but will cooperate with top international technology and production companies. See our specific planning details for this part of the business.â€
According to the current revenue structure of Zoomlion, 80% of its revenue comes from the traditional construction machinery such as concrete, lifting machinery, road piling, and earthmoving machinery. According to Sun Changjun, in the next three to five years, the environmental sanitation machinery The financial services industry, such as heavy-duty trucks and agricultural machinery, will even have a certain percentage of improvement. It is estimated that the total income of the latter several plates will reach more than 30% of the company's income.
“Before, some voices interfered with Zoomlion, if we believe that our performance was fraudulent, the executive curve MBO, management use of the interests of listed companies, etc. We will respond to these events one by one today and are willing to accept Detailed investigations by departments and SASAC. At the same time, we are also preparing to initiate relevant legal procedures and prosecute individual companies to safeguard the interests of small and medium shareholders."
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