Recently, Zoomlion Financial Services business factoring subsidiary, environmental sanitation industry company and a customer Jilin Province signed a total price of nearly 500 million "financing factoring contract", which is the environmental industry Zoomlion first time factoring financing mode to bid for government procurement projects, and the government as a single source procurement.

Reportedly, the customer is responsible for said financing factoring in government procurement will have a huge market space, compared with the previous financial products, factoring financing scheme is more flexible, more concise contract, signing a simpler and more efficient service this financial product can effectively improve Zoomlion overall competitiveness and customer satisfaction.

Factoring financing can not only expand the scale of government procurement, reducing pressure on financial resources, but also can effectively avoid competition and expand competitive advantage.

"This single-signed, can be used as an example to the surrounding areas of radiation, factoring financing to accelerate the marketing." Zoomlion business factoring subsidiary responsible person.