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Major Chinese maker of construction machinery: cranes, concrete equipment, excavators and earth-moving machines.
Major Chinese maker of construction machinery: cranes, concrete equipment, excavators and earth-moving machines.
Machines are sold through dealers and directly to large contractors, often with buyer financing, so volumes follow China's property and infrastructure cycle. Overseas sales have grown to a larger share of the business than before. The same company also trades in Shenzhen as 000157.
In one line: A Chinese Caterpillar/Terex for cranes and concrete equipment.
Moat: narrow (scale, distribution, brand). Large domestic distribution/service network and scale versus smaller machinery makers.
Headquarters: Changsha, China · Founded: 1992 · Employees: 35,344
Size Zoomlion Heavy Industry Science & Technology (1157.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $7.63B, the 201st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.27 on 6 Nov 2026.
Performance Over six months the shares fell 35.5%, against -13.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 23.0% over the last twelve months (peer median +17.6%); the operating margin is 7.4% (peer median 13.7%).
Valuation It trades at 8.1× forward earnings against a peer median of 22.8× (cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.2 points below its cost of capital (7.5% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$60.8B | HK$56.5B | HK$49.3B | HK$52.0B | HK$48.4B |
| Revenue growth | — | +15% | -5% | +7% | — |
| Gross profit | HK$16.6B | HK$15.8B | HK$13.9B | HK$14.3B | HK$10.6B |
| EBITDA | HK$6.28B | HK$6.13B | HK$4.83B | HK$4.53B | HK$2.55B |
| Net income | HK$4.53B | HK$5.05B | HK$3.82B | HK$3.92B | HK$2.73B |
| Free cash flow | HK$2.04B | -HK$380M | -HK$2.62B | HK$262M | HK$87.2M |
| Capital expenditure | HK$3.55B | HK$5.05B | HK$4.38B | HK$2.10B | HK$1.78B |
| Total debt | n/a | HK$53.0B | HK$42.4B | HK$47.6B | HK$40.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Zoomlion Heavy Industry Science & Technology 1157.HK | $7.63B | -36% | +23% | 7% | 8.1× | 12.6% |
| Sany Heavy Industry 6031.HK | $24.2B | -27% | +25% | 11% | 12.9× | -1.1% |
| XCMG Construction Machinery 000425.SZ | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1157.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | -10.5% | 9th highest of 21 |
| 6-month return | -35.5% | -13.5% | 6th lowest of 20 |
| Distance from 52-week high | -50.6% | -47.8% | 11th highest of 21 |
| Revenue growth (TTM) | +23.0% | +17.6% | 9th highest of 21 |
| Operating margin | 7.4% | 13.7% | 3rd lowest of 21 |
| Forward P/E | 8.1× | 22.8× | cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.6% | 17.2% | 5th least demanding of 15 |
| Growth delivered (Del g) | -5.0% | +11.8% | lowest of 15 |
| Hurdle (Req g minus delivered) | +17.6 pp | +11.7 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -4.2 pp | -1.9 pp | 9th lowest of 21 |
| EV / EBITDA | 16.5× | 14.6× | 4th most expensive of 10 |
| Net debt / EBITDA | 6.6× | 0.6× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zoomlion Heavy Industry Science & Technology 1157.HK | Hong Kong | $7.63B | -36% | +23% | 7% | 8.1× | 12.6% | -5.0% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Wuxi Lead Intelligent Equipment 300450.SZ | China | $7.88B | -41% | +28% | 10% | 22.9× | 10.4% | +19.9% |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Shenzhen Han's CNC Technology 3200.HK | Hong Kong | $8.58B | -66% | +109% | 21% | 9.9× | n/a | n/a |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| IMI IMI.L | United Kingdom | $8.81B | +3% | +8% | 21% | 19.9× | 14.3% | +4.8% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Beijing E-Town Semiconductor Technology 688729.SS | China | $8.94B | -14% | +10% | 12% | 52.3× | n/a | n/a |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |