2014 Year of the Horse Plan: Zoomlion Pushes for Simulated Joint-Stock Reform

2014-02-08 481 0人评论

              2013 was the most difficult year for China's construction machinery industry, and 2014 is a year of deepening SOE reform. What plans does Zoomlion (000157), backed by the Hunan SASAC, have for the Year of the Horse?

  Zoomlion Chairman Zhan Chunxin said recently that reform will be the main theme of this year. He pointed out that Zoomlion will unswervingly advance the simulated joint-stock reform, adopting a "small headquarters, strong business divisions" structure to establish a highly unified system of responsibilities, rights, and interests, ensuring that the vitality of business units is maximized at the institutional level.

  It is reported that Zoomlion's 2014 "good start" vehicle departure ceremony was held yesterday. A fleet of 369 units with a total value of 660 million yuan was dispatched in batches to destinations at home and abroad, delivered to customers around the world. In the first three quarters of 2013, Zoomlion achieved operating revenue of 28.897 billion yuan and operating profit of 4.690 billion yuan.

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