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Recently, Zoomlion, a leading enterprise in China’s construction machinery industry, was covered by CCTV2’s Financial News at Noontime for continuing to rank first in the world in terms of tower crane sales which exceeded RMB 10 billion in the first half of the year. Its intelligent tower crane plant has been operating at full capacity since the first half of the year, with an average of one tower crane rolling off the production line every 18 minutes.
Since the beginning of the year, domestic construction machinery manufacturers have found themselves exceptionally busy. From the production workshop to the sales channel, each production line has been operating at full capacity as orders have kept pouring in from home and abroad.
▲Zoomlion tower cranes at a construction site
Zoomlion tower cranes were selling like hot cakes in the first half of the year. In fact, Zoomlion’s intelligent tower crane plant has been operating at full capacity since the first half of the year, with an average of one tower crane rolling off the production line every 18 minutes. Since 2019, Zoomlion has continued to rank first in the world in terms of tower crane sales. It is worth mentioning that in 2021, it took only half a year for Zoomlion to reach its annual sales of 2019.
Vice President of Zoomlion Tang Shaofang talking proudly about the sales growth of the company
"In the first half of this year, Zoomlion once again saw growth by leaps and bounds, with its tower crane sales exceeding RMB 10 billion, which took the company 9 months to realize last year and 12 months the year before last. That is to say, the company has been growing more and more rapidly. I mentioned RMB 10 billion just now. Then how big is it? It is equivalent to the sum of the sales of the world's largest and second largest in the past," said Tang Shaofang, Vice President of Zoomlion.
▲Liang Dai, Deputy General Manager of Zoomlion Construction Lifting Machinery Co., Ltd., introducing the intelligent plant
Doubling efforts to build intelligent plants has become the mainstream trend in the construction machinery industry. "Since Phase II of the intelligent plant (Phase II) was completed, 12 intelligent production lines have been put into operation, forming an overall intelligent manufacturing pattern of one intelligent plant, two lighthouse workshops, three intelligent 3-dimensional warehouses and four black-lamp production lines. It is expected that our overall production capacity will double on the basis of the first half of the year," said Liang Dai, Deputy General Manager of Zoomlion Construction Lifting Machinery Co., Ltd.
▲Zoomlion’s intelligent tower crane plant working at full capacity
According to industry insiders, the valuation of domestic construction machinery enterprises has been generally underestimated. Considering the double, high-speed growth in construction machinery export, it is suggested to keep a close eye on the leading companies with large market shares.