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Zoomlion Captures Broad Blue Ocean Market with Emerging Segments Account for over 20% of Total Revenue in 2021In recent years, Zoomlion has been focusing its business plan on three major segments: construction machinery, agricultural machinery + smart agriculture, and new building materials. The annual report suggests that Zoomlion continued to keep construction machinery stabilized and improved in 2021, with an annual sales revenue of The sales revenue of earthmoving machinery, one of Zoomlion's emerging segments, increased by more than 21% compared to the same period in the prior year. The sales volume of medium and large excavator products with relatively good profitability saw substantial growth, and the overall market share increased at a steady pace. In aerial work machinery, the sales of Zoomlion aerial work machinery were In 2021, the commercialization of AI-enabled intelligent agricultural machinery picked up the pace, and the reliability of harvesting machinery and power machinery products was fully updated. The market share of wheat machines, dryers, rotary tillers, balers and rice throwers stayed at the forefront of the industry in Zoomlion's new building materials business was fully rolled out. The dry-mixed mortar equipment business grew at a stable pace, securing a solid place among the few on top in terms of domestic market share. Zoomlion will further diversify its operations, accelerate emerging segments, and develop its market in the new blue ocean market.
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