Changes in Hong Kong stocks | Zhonglian Heavy Industries (01157) fell more than 10% after the results, net profit in the first half of the year fell nearly 24% year on year, and foreign exchange had a negative impact of 1.26 billion yuan

Zhitong Finance App learned that Zoomlion Heavy Industries (01157) dropped more than 10% after the results. As of press release, it had a decrease of 9.56% to HK$6.29, with a turnover of HK$666.13,400.

According to the news, Zoomlion Heavy Industries announced results. Revenue for the first half of the year was 27.135 billion yuan, up 9.17% year on year; domestic and overseas sales both achieved growth, with domestic revenue of 11.6 billion yuan, up 5.08% year on year, and overseas revenue of 15.535 billion yuan, up 12.45% year on year. Net profit attributable to the parent company during the period was 2.102 billion yuan, a year-on-year decrease of 23.97%.

Guojin Securities released a research report saying that the company's net exchange loss in the first half of the year was about 820 million yuan, and the net profit for the same period last year was about 440 million yuan, which had a negative impact of about 1.26 billion yuan over the previous year. Optimistic about the restoration of the domestic construction machinery boom, the continued expansion of overseas markets, and the steady growth of the company's revenue in emerging sectors such as earthwork and mining. As the impact of exchange weakens and operational efficiency improves, the company's profitability is expected to gradually recover.