30 Apr 2026 CMB International Global Markets | Equity Research | Company Update Zoomlion (1157 HK/000157 CH) Zoomlion (1157 HK/000157 CH) - Expect an improvement from 1Q26 In the post-1Q26 results call, Zoomlion explained that the lack of growth in China's market was due to the continuous shift of focus to overseas. On the margin side, Zoomlion attributed the gross margin contraction in 1Q26 to FX, which is a short-term impact as FX gains (related to the previous sales) will be recognized in the upcoming fi ...