zoomlion equity, debt and subsidiaries

Accuracy score :
97%

Zoomlion Heavy Industry Science and Technology Co Ltd

Summary (from latest annual report – 2014)

  • Total equity  : 6.6 billion USD
  • Market Cap is 35 billion HKD = 4.5 billion usd ( last price of the stock is 2.20 HKD)
  • Zoomlion Heavy Industry Science and Technology Co Ltd is a construction machinery manufacturer providing comprehensive and diversi?ed products and value-added services
  • Equity of total company decreased from 6.7 billion USD in 2013 to 6.6 billion in 2014
  • Company has 2.5 billion USD in cash on account
  • Total equity – cash on account = 6.6 billion usd – 2.5 billion usd = 4.1 billion usd
  • In 2014 company has 2.56 billion usd short-term debt, long – term debt was 2.69 billion usd           (In 2013 company had 2.36 billion usd short-term debt , long-term debt was 2.05 billion usd)
  • Zoomlion balance sheet has become weaker in 2014 (In latest annual report - total equity decreased to 6.6 billion  USD from 6.7 in 2013, total debt was 5.25 billion usd in 2014)
  • Company's revenue decreased in 2014 to 4.16 billion usd from 6.2 billion in 2013
  • Net income decreased in 2014 to 95 million USD from 620 million usd in 2013
  • In 2014 company paid 370 million usd dividend to its shareholders

Zoomlion Heavy Industry Science and Technology Co Ltd

Zoomlion Heavy Industry Science and Technology Co Ltd is a construction machinery manufacturer providing comprehensive and diversi?ed products and value-added services. Zoomlion bought the British company Powermole in the early 2000 ( amount was not disclosed), in 2008 Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa, Zoomlion has paid 163 million Euros for a 60 percent stake). In April 2014, the Company completed the acquisitions of m-tec mathis technik GmbH and its subsidiaries (collectively “m-tec Group”) with a cash consideration of EUR35 million (equivalent to RMB296 million).

Zoomlion subsidiaries

  • Compagnia Italiana Forme Acciaio S.p.A.  – worth 250 million usd, (100% ownership)          
  • Shaanxi Zoomlion Earth Working Machinery Co., Ltd. – worth 580 million usd, (100% ownership)
  • Hunan Zoomlion Axle Co., Ltd. – worth 580 million usd, (88,6% ownership)
  • Zoomlion Material Handling Equipment Co., Ltd. – worth 156 million usd, (100% ownership)
  • Zoomlion Finance and Leasing (Beijing) Co., Ltd. – worth 390 million usd, (100% ownership)
  • Hunan Zoomlion International Trade Co., Ltd. – worth 117 million usd, (100% ownership)
  • Hunan Teli Hydraulic Co., Ltd. – worth 234 million usd, (77,6 % ownership)
  • Hunan Zoomlion Special Vehicles Co., Ltd. – worth 85 million usd, (100% ownership)
  • Zoomlion Finance and Leasing (China) Co., Ltd. – worth 300 million usd, (100% ownership)
  • Hunan Zoomlion Crawling Crane Ltd. – worth 480 million usd, (100% ownership)
  • Hunan Zoomlion Hardware Co., Ltd. – worth 150 million usd, (100% ownership)
  • Shanghai Zoomlion Pile Foundation Machinery Co., Ltd. – worth  120 million usd, (100% ownership)
  • Hunan Zoomlion Intelligent Technology Co., Ltd. – worth 120 million usd, (100% ownership)
  • Hunan Zoomlion Concrete Machinery Site Equipment Co., Ltd. – worth 500 million usd, (100% ownership)
  • Zoomlion H.K. SPV Co., Limited – worth 120 million usd, (100% ownership)
  • m-tec mathis technik GmbH  - worth 50 million usd, (100% ownership)
  • Zoomlion Commercial Factoring (China) Co., Ltd. – worth 150 million usd, (100% ownership)

 

Total = 4.38 billion usd

 

All of the above subsidiaries are incorporated and operate in the PRC, except for CIFA and m-tec which is incorporated and operates in Italy and Germany, respectively. All of the above subsidiaries are limited liability companies.

Opinion about the company

Fundamentally it is a not good company (Total debt is very big (5.25 billion usd), company has fell in revenues, big amount of cash on company's account, ROE is negative : around -1,50 %).