Gelonghui, April 7 | Guotai Junan Research Report pointed out that the 23-year performance of Zoomlion Heavy Industries (1157.HK) is in line with expectations. The traditional dominant business is improving steadily and the quality of its emerging business is growing rapidly. It is optimistic about the company's performance growth and maintains a “gain” rating. As a leading construction machinery enterprise, the company has a smooth overseas market layout, leading the industry's digitalization and new energy innovation. With the recovery of the domestic construction machinery industry, performance is expected to be released rapidly. The annual report revealed that it is proposed to distribute a cash dividend of 3.20 yuan (tax included) for 10 shares, with a total dividend of more than 2.7 billion yuan, a dividend rate of about 80%, and a dividend rate of 3.99%. The 2024 “Equipment Renewal Plan” is being actively promoted to expand market demand in the construction machinery industry and accelerate the arrival of the domestic construction machinery renewal and replacement cycle. The domestic construction machinery industry is expected to recover in 2024.