Zoomlion's profit warning

摘要

In a profit warning release, covering the period 1 January 2016 to 30 June 2016, Zoomlion Heavy Industry Science and Technology Company estimates it has made a loss of between RMB 800 million (US$ 119.5 million) and RMB 870 million (US$ 129.99 million). The state-owned construction equipment manufacturer - which recently abandoned its US$ 3.4 billion attempt to take over US cranemaker Terex - said there has been no significant improvement in the market demand in China's construction machinery.