Sanyi Heavy Industry expects to achieve a net profit of over 2.2 billion (US$300 million) in H1, down more than 70 percent, the worst half-year performance since 2018. Zoomlion Heavy Industry expects a net profit of up to 1.8 billion yuan, also down by around 70 percent.
Sanyi Heavy Industry has topped the excavator sales for 11 years. Last year’s excavator sales exceeded 100,000.
Zoomlion’s main products include concrete mixers and agricultural machinery.
