Zoomlion in profit warning

摘要

In a profit warning, covering the period 1 January, 2016, to 30 June, 2016, Zoomlion Heavy Industry Science & Technology Company estimates it has made a loss of between CNY800 million (€107.42 million) and CNY870 million (€116.82 million). The state-owned construction equipment manufacturer - which recently abandoned its €3.05 billion attempt to take over US cranemaker Terex - said there has been no significant improvement in the market demand in China's construction machinery.