Zoomlion Heavy Industry 中联重科
4 significant filings since 30 May 2026: 1 on share pledge, 1 on major holder buying and 1 on change of interest, and 1 other kind. The latest, on 11 Sep 2026: 关于持股5%以上股东及其一致行动人增持股份触及1%整数倍的公告. 1 unverified report logged, the latest on 8 Sep 2026.
自 30 May 2026 起有 4 份重大公告：share pledge 1 份、major holder buying 1 份、change of interest 1 份，另有 1 类。最新一份（11 Sep 2026）：关于持股5%以上股东及其一致行动人增持股份触及1%整数倍的公告。记录了 1 条未经核实的报道，最新一条见于 8 Sep 2026。
As of 25 Sep 2026 截至2026年9月25日
Zoomlion Heavy Industry is a construction machinery company listed on the Shenzhen Stock Exchange since 12 Oct 2000. The company reported revenue of RMB52.11bn and attributable net profit of RMB4.86bn in 2025, with profit up 38.0% year-on-year. Margins and returns were stable, with a 28.0% gross margin, 9.8% net margin and 8.3% ROE. At 30 Jun 2026, the balance sheet remained sound, with a current ratio of 1.75 and liabilities to assets at 58.6%. However, receivable days were high at 240, indicating slow collection. The stock has declined, with a one-year return of -20.2%. A share pledge by a holder with over 5% ownership was reported in Jul 2026. The company paid a dividend of RMB0.20 per share in Jul 2026.
中联重科是一家工程机械公司，于2000年10月12日在深圳证券交易所上市。公司2025年营业收入为521.07亿元，归母净利润为48.58亿元，同比上升38.0%。毛利率为28.0%，净利率为9.8%，净资产收益率为8.3%。截至2026年6月30日，资产负债率为58.6%，流动比率为1.75，财务状况稳健。但应收账款周转天数达240天，回款较慢。股价表现疲软，一年涨跌幅为-20.2%。2026年7月，持股5%以上股东质押股份。公司于2026年7月实施每股0.20元现金分红。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Receivables take over 180 days to collect 应收账款周转天数超过180天 | Receivables take over 180 days to collect. 应收账款周转天数超过180天。 | Long collection periods tie up working capital and increase credit risk. At 240 days, receivables may strain liquidity if cash inflows lag behind obligations. This could affect operational funding despite reported profit growth. 回款周期长会占用营运资金并增加信用风险。240天的周转天数可能导致现金流滞后于债务支付，影响运营资金，尽管利润增长。 |
- Change in attributable net profit for the six months to 30 Jun 2027, compared to RMB2.10bn in the same period of 2026.
2027年6月30日止六个月归母净利润较2026年同期21.02亿元的变化。 - Receivable days at 30 Jun 2027, compared to 240 days at 30 Jun 2026.
2027年6月30日应收账款周转天数较2026年6月30日的240天的变化。 - Any new filings on share pledges or freezes involving holders with over 5% ownership.
涉及持股5%以上股东的新增股份质押或冻结公告。
- Company: Zoomlion Heavy Industry 中联重科, Shenzhen Stock Exchange 000157; industry Construction Machinery; listed 12 Oct 2000.
公司：中联重科，深圳证券交易所 000157；行业：工程机械；上市日期：2000年10月12日。 - Close on 24 Sep 2026 RMB6.04; close on 24 Sep 2025 RMB7.96, RMB7.57 in today's terms; one-year change, adjusted for distributions and share changes -20.2%.
2026年9月24日收盘价6.04元；2025年9月24日收盘价7.96元（前复权7.57元）；一年涨跌幅（复权）-20.2%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB6.04 to RMB9.73.
52周区间（前复权）6.04元至9.73元。 - Market capitalisation RMB52.24bn; P/E TTM 12.4; price to book 0.91x.
总市值522.37亿元；市盈率（TTM）12.4；市净率0.91倍。 - Revenue 2025 RMB52.11bn; 2024 RMB45.48bn; change +14.6%.
营业收入2025年521.07亿元；2024年454.78亿元；同比+14.6%。 - Attributable net profit 2025 RMB4.86bn; 2024 RMB3.52bn; change +38.0%.
归属于母公司股东的净利润2025年48.58亿元；2024年35.20亿元；同比+38.0%。 - Net profit excluding non-recurring items, 2025 change +31.9%.
2025年扣除非经常性损益后的净利润同比+31.9%。 - Basic EPS 2025 RMB0.56; 2024 RMB0.41.
基本每股收益2025年0.56元；2024年0.41元。 - Operating cash flow per share 2025 RMB0.56; 2024 RMB0.25; operating cash flow to net profit 0.95x.
每股经营现金流2025年0.56元；2024年0.25元；经营现金流与净利润之比0.95倍。 - 2025 gross margin 28.0%; net margin 9.8%; ROE 8.3%.
2025年毛利率28.0%；净利率9.8%；净资产收益率8.3%。 - At 30 Jun 2026: liabilities to assets 58.6%; current ratio 1.75; quick ratio 1.27; receivable days 240; inventory days 213.
截至2026年6月30日：资产负债率58.6%；流动比率1.75；速动比率1.27；应收账款周转天数240；存货周转天数213。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB27.14bn, change +9.2%; attributable net profit RMB2.10bn, change -24.0%; operating cash flow per share RMB0.28.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入271.35亿元，同比+9.2%；归母净利润21.02亿元，同比-24.0%；每股经营现金流0.28元。 - In the 12 months to 25 Sep 2026: 1 distinct filing classed critical, high or as a lift; by class: 1 filing classed Share Pledge. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共1份；按类别：归为股份质押的公告1份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 17 Jul 2026, Share Pledge (high): filing titled 《关于持股5%以上股东股份质押的公告》.
2026年7月17日，股份质押：公告《关于持股5%以上股东股份质押的公告》。 - Ownership: largest holder at 30 Jun 2026: 香港中央结算(代理人)有限公司(HKSCC NOMINEES LIMITED), 17.91%.
股权：2026年6月30日第一大股东：香港中央结算(代理人)有限公司(HKSCC NOMINEES LIMITED)，持股17.91%。 - Latest distribution: ex-date 22 Jul 2026, cash RMB0.20 per share.
最近一次分配：除权除息日2026年7月22日，每股现金0.20元。 - Aurelian Grade D, score 36.2 of 100, graded within a peer group of 35 companies in its industry; no rank among peers is given.
金源评级D，得分36.2（满分100），于行业同业35家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。