On August 23, 2010, Weichai Power Co., Ltd. (Hong Kong Stock Exchange stock code: 2338; Shenzhen Stock Exchange stock code: 000338) announced its 2010 interim results. From January to June 2010, Weichai Power achieved a total operating revenue of 33.22 billion yuan, an increase of 110.3% year-on-year, and a net profit of 3.23 billion yuan, a year-on-year increase of 164.7%. Benefited industry prosperity index soared, and operating indicators hit a record high In the first half of the year, China’s heavy truck market has seen explosive growth as the fastest growing automotive segment. Benefiting from the soaring industry climate index, Weichai Power sold a total of 222,106 heavy-duty engines, an increase of 118.7% year-on-year, 5.8 percentage points higher than the industry. The company's supporting share in the heavy-duty card market with a total mass of over 14 tons reached 38.0%, an increase of 0.9 percentage points over the same period of 2009. In the same period, due to the lagging investment effect of RMB 4 trillion, a large number of engineering projects entered the construction phase of construction. The construction machinery industry ushered in a new round of rapid growth. In the first half of the year, the company sold a total of 68,047 construction machinery engines, an increase of 64.4% year-on-year, including 61,498 units of 5-ton loader engines, a year-on-year increase of 58.1%. The company's market share of loaders with a load of 5 tons and above reached 73.2%. Weichai Power's Shaanxi Fast Gear Co., Ltd. and Shaanxi Heavy Truck Co., Ltd. also achieved a significant increase in first-half results. Fast sold a total of 492,220 gearboxes, an increase of 109.0% year-on-year, and continued to maintain its leading position in the industry. In light of the outstanding market performance of the new model F3000, Shaanxi Heavy Gas sold a total of 60,106 heavy trucks in the first half of the year, an increase of 118.2% year-on-year, ranking fourth in China's heavy truck industry and entering the top six in the world. The product structure is further optimized and the diversified layout is becoming more reasonable The engine is one of the main business segments of Weichai Power and currently covers a full range of 2L-33L diesel engine products to meet the needs of different customers' diesel engines. In the first half of the year, the company's multi-cylinder diesel engine products (including Weichai Power Yangchai) sold 370,000 units, ranking first in the industry. Among them, Weichai Power's Yangchao's integrated effect was obvious. During the period, it sold 68,000 units of 2-4L engines and reached a record high; the WP5/7 engine passed over 30,000 hours and 1.2 million kilometers of experimental processes, and its performance was excellent. Supporting; Baudouin 16-33L engine products and market advantages gradually appear, sales steadily increased. In the same period, Fast Transmission broke through the tradition of relying heavily on the heavy-duty truck market and has already entered the markets of medium- and light-duty trucks, agricultural vehicles and passenger car transmissions. In the first half of the year, the sales volume of non-heavy truck transmissions was nearly 60,000 units, with the highest monthly output exceeding 10,000 units. Hande Axle Bridge has realized the extension and adjustment of products ranging from small bridges to large bridges, from bridges to bridges, from highway bridges to non-road bridges, and from small to large tonnages. The product spectrum covers three major bridges: bus bridges, truck bridges and construction vehicles. series. Strengthen strategic product advantages and lead industrial upgrading Weichai Power has an absolute advantage in the high-power, large-tonnage market and has become the biggest beneficiary of the dumbbell-type development trend of the commercial vehicle industry. The company has the only domestic mature 12L high-power engine and mature 12-16 gear transmission products, leading the industry to upgrade, and become the biggest beneficiary of industrial structure upgrade. In the first half of 2010, the company’s 12-liter engine sales increased by 310% year-on-year, and the 12-16-speed transmission increased by 470% year-on-year. Relying on technological innovation, Weichai Power continues to lead the trend of China's power technology. Since entering the Phase III emission stage for heavy trucks, the company has a high-powered, high-speed, "blue-engine" engine with independent intellectual property rights, which has won wide recognition in the market for its advantages of environmental protection, energy conservation, and stability. With the 2010 domestic heavy-duty truck market, "blowout" The sales volume of the “Lan-Qing†engine market hit a record high. In the first half of the year, it sold a total of 197,543 sets of 10-12L III State III engines, and the market advantage has been continuously consolidated. With the launch of China IV and China V common-rail engine products, the company's market advantage has been further enhanced. Shaanxi Heavy Duty's new product, the DeLong F3000 series, has been sought after by the market once it is launched, creating the highest sales of new products in the Chinese automotive industry. In the first half of 2010, sales of the F3000 series have already accounted for one-third of the total sales of Shaanxi Heavy Duty Truck heavy trucks. With the launch of this product as a symbol, Shaanxi Heavy Duty Truck will leap onto a new development platform, and the leading role of the vehicle will become more prominent. As the earliest enterprise in the new energy field in China, Weichai Power has developed diesel and gas hybrid heavy trucks and pure electric heavy trucks, and undertook the national 863 hybrid diesel engine development and application projects and the national 863 plan on heavy LNG commercial vehicle product development projects. . In January of this year, the Strategic Alliance for Industrial Technology Innovation of New Energy Power Systems for Commercial Vehicles and Construction Machinery was approved by the Ministry of Science and Technology. As the lead unit of the alliance, the company will gain support from a powerful new energy platform. In the first half of the year, the company’s gas engine sales ranked the top three in the industry and accounted for more than 85% of the domestic gas heavy truck market share. The management is effective and the future development space is huge 2010 was the year of management and improvement of Weichai Power. The company further promoted the WOS project by deepening the connotative development, and gradually solidified it into Weichai's unique operating model, creating a core competitive advantage that the company could not duplicate. In the first half of the year, the company strengthened basic management by optimizing and perfecting the enterprise management system, establishing a sound system to implement the safeguard mechanism, creating a continuous innovation atmosphere for all employees, establishing a lean manufacturing system, deeply developing quality exquisite projects, improving and innovating training mechanisms and comprehensive systems, etc. Seven system projects have further improved the company's management level. The cost control achieved remarkable results, and the proportion of three fees continued to decline. In the first half of 2010, the proportion of three fees was 8.5%, which was the lowest in the past six years. In the second half of the year, the economic situation at home and abroad remains complex and there are many uncertainties. China’s economic growth slowed down quarter by quarter, and inflation expectations have become more intense. However, overall, the government has taken a stabilization policy as the basis, accelerated the process of industrialization, started large-scale construction of affordable housing, continuously expanded the scale of private investment, and developed the western region. Continued advancement and the lagging effect of 4 trillion investment will continue to drive the heavy truck and construction machinery industry in the second half of the year. With the implementation of the State III emission standards intensified, the implementation of the National IV emission standards will soon become even more intense in the Chinese engine market in the next few years, but the company will rely on its powerful technology research and development capabilities, large-scale high-quality product manufacturing, and solid loyalty. The customer base will continue to lead the high-power engine market. Weichai Power is confident in the future development prospects. In the second half of the year, Weichai Power will further increase its R&D efforts, advance the volume promotion of National IV products in advance, and constantly improve product performance to better meet customer needs and fully prepare for the upcoming National IV phase. At the same time, it further promoted product and market structure adjustment work, accelerated the optimization and localization of more than 16 liters of engines of the French Baudouin company in the high power segment, and established a complete Weichai industrial power product line; in the low- and medium-power segments, relying on The newly developed 5- to 7-liter engine will continue to explore emerging markets such as passenger cars, non-loader construction machinery, and medium- and heavy-duty trucks; it will focus on improving the market network, expanding the international market, expanding the market service sector, and unwaveringly building market diversification advantages. A vertical and horizontally coordinated market layout has been established to achieve coordinated development of international, domestic, and post-markets, and to continuously reduce business risks. Tan Xuguang, Chairman and Chief Executive Officer of Weichai Power, said here: “In the long run, China’s economic fundamentals are still good. The process of urbanization, the promotion of regional economic development strategy, and the expansion of internal and external needs will drive the flow of people and logistics vehicles. Market demand: Equipment manufacturing industry, such as heavy-duty vehicles and construction machinery industry, as the cornerstone of the national strategic industry and national industry rejuvenation, the development prospects are very promising. Weichai Power will accelerate commercial vehicles in accordance with the principle of “strategic unification, independent operation, and resource sharingâ€. The coordinated development of the plate, powertrain plate, and auto parts plate will further integrate the company's advantageous resources, maximize the synergistic effect of the company's resources, enhance its ability to resist wind and waves, and strive to build the company into a vehicle-oriented and complete machine-oriented. And it has an internationalized enterprise group with the core technology of the powertrain and has become a unique and global leading equipment manufacturing group." Spring Air Gun,High Speed Spring Air Gun,Spring Air Gun With Safety,Spring Air Rifle Shaoxing Snowpeak Air Gun Factory , https://www.snowpeakairgun.com
May 20, 2021