Due to the boom in demand, Zoomlion’s net profit increased by 80% year-on-year.
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The announcement pointed out that the increase in company performance was mainly due to an increase in market demand, a significant synergy effect of the main product, and a significant increase in sales revenue over the same period of last year.
According to an IFR report from Thomson Reuters, Zoomlion has passed a Hong Kong listing hearing and this week launched a referral inquiry, which will last for a week and a half to two weeks. The company plans to issue no more than 1 billion H shares and raises approximately US$1.5 billion in funds, which will be used for overseas expansion and to supplement working capital. CICC, Goldman Sachs, JP Morgan Chase and Morgan Stanley arranged the deal.