Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. is mainly engaged in developing and manufacturing major high-tech equipment in the areas of engineering industry and agricultural industry. With more than 20 years of innovation and development, the company is now a global enterprise possessing 9 major categories and 49 product lines, as well as nearly 800 leading products. Zoomlion is China's first construction machinery company to be listed on both Shenzhen and Hong Kong stock exchanges, with registered capital amounting to RMB 7.664 billion. At present, the company is actively promoting strategic transformation, aiming to build a high-end equipment manufacturing enterprise integrating engineering machinery, agricultural machinery and financial services. Industrial Distribution Zoomlion has manufacturing bases around the world, among which there are 14 large industrial and technological parks in China, including Zoomlion Science and Technology Industrial Park, Zoomlion 1st Lugu Industrial Park, Zoomlion 2nd Lugu Industrial Park, Zoomlion Wangcheng Industrial Park, Zoomlion Quantang Industrial Park, Zoomlion Guanxi Industrial Park, Zoomlion Hanshou Industrial Park, Zoomlion Deshan Industrial Park, Zoomlion Jinshi Industrial Park, Zoomlion Yuanjiang Industrial Park, Zoomlion Weinan Industrial Park, Zoomlion Huayin (Huashan) Industrial Park, Zoomlion Shanghai (Songjiang) Industrial Park, Zoomlion Wuhu Industrial Park and Zoomlion Kaifeng Industrial Park, and also five industrial and technological parks abroad, including CIFA Industrial Park in Italy, M-TEC Industrial Park in Germany, India Industrial Park, Brazil Industrial Park and Belarus Industrial Park. Zoomlion has covered more than 100 countries and regions worldwide and has already made market arrangements to follow the Belt and Road initiative. Zoomlion products have been well sold to the markets in the Middle East, South America, Africa, Southeast Asia, Russia as well as many high-end markets in the USA, Europe and Australia. The company has subsidiaries in nearly 20 countries in the East Asia, Southeast Asia and Europe, etc., also industrial and technological parks in Italy, Germany, India, Brazil and Belarus as well as more than 50 resident offices around the world. Centered on UAE and Brazil, logistics network and parts supply system with worldwide coverage are gradually set up. Institutional Innovation As an enterprise restructured from a scientific research institute, Zoomlion has established a benign system and institution in which science and technology supports industry while industry reversely feeds science and technology by constantly promoting reforms, making it a model for the transformation of state-owned scientific research institutes. As a listed company that has established modern corporate system, Zoomlion has obtained both economic and social benefits through performing mergers and acquisitions, participating in the reform, reorganization and restructuring of traditional state-owned enterprises and putting new institution and new technologies into the old enterprises. In the new round of reform after the 3rd Plenary Session of 18th CPC Central Committee, Zoomlion’s institutional innovation has been set as a good example of mixed ownership by SASAC. Zoomlion pioneers in integrating overseas resources in China’s construction machinery industry; by integrating many high-quality assets around the world via capital leverage, the company has realized fast expansion and has established a global network of manufacturing, sales and services. Up to now, Zoomlion has successively merged PowerMole Company in England, CIFA Company in Italy, M-tec Company in Germany, Raxtar Company in Netherlands and Ladurner Company in Italy, and very good results have been achieved. In 2008, Zoomlion merged CIFA Company in Italy, the 3rd largest concrete machinery manufacturer in the world, and became the pioneer and leader in the internalization of Chinese construction machinery. What’s more, this merger and acquisition has been cited by Harvard University as a classic case. Technological Innovation Zoomlion grew out of former Changsha Construction Machinery Research Institute of Ministry of Construction, which boasts over 50 years of technology accumulations and is the place where Chinese construction machinery technologies originated. While inheriting the technology accumulations and industry mission of a national scientific research institute, Zoomlion is making constant efforts to provide products, technologies and overall solutions that contribute to customers’ success via technological innovations. Zoomlion has been approved as one of the first national innovative enterprises, national technology innovation demonstration enterprises, key hi-tech enterprises of the National Torch Program, national industrial product ecological design pilot enterprises and national IPR demonstration enterprises by national ministries and commissions