On Monday, Weichai Power Co., Ltd. announced an interim report, which showed that Weichai Power achieved a net profit of 3.502 billion yuan in the first half of this year, an increase of 8.26% year-on-year; earnings per share were 2.1 yuan. A total of 198,000 units of 10L and 12L State III engines were sold. The company’s heavy-duty engine products are still firmly positioned in the heavy truck market and loader market.
Affected by the declining heavy-duty truck market, during the reporting period, the company sold a total of 21,000 heavy-duty truck engines, which was 5.3% less than the same period of last year. The company’s holding subsidiary, Shaanxi Heavy-duty Trucks Co., Ltd., sold a heavy truck 6.3 in the first half of the year due to the outstanding market performance of new models. Ten thousand vehicles, a year-on-year increase of 5.1%, continued to outperform the industry. The company's subsidiary, Shaanxi Fast Gear Co., Ltd. sold a total of 441,000 gearboxes. Although it fell 10.4% year-on-year, it still maintained its absolute leading position in the industry.
During the reporting period, the company achieved operating income of approximately RMB 3,662,741,380,000, an increase of 10.24% over the same period of last year. The net profit attributable to the shareholders of the listed company was approximately RMB 3501.7006 million, an increase of 8.26% over the same period of last year. Basic earnings per share was RMB 2.10, which was 8.25% higher than the same period of last year.
In the first half of 2011, the company’s independently developed R&D engine, Lanqing WP5 and WP7, were successfully matched with excavators and passenger cars and gradually recognized by customers. In the first half of the year, the sales of WP5 and WP7 engines increased by 312.5% ​​year-on-year. The engine product portfolio The competitive advantage is more obvious, and the development prospects of enterprises will be even broader.
According to the medium-term planning of Weichai Group, the plan points out that in the next 5 to 10 years, two major engine manufacturing bases will be built: the high-tech industrial park manufacturing bases that produce 4-15 liters of high-speed diesel engines and the high-powered 10,000 horsepower Medium-speed diesel-based manufacturing base.
In 2015, the high-power engine will achieve 1.5 million sales targets. By 2020, it will achieve sales of 1.4 million units of truck-mounted engines, 120,000 units of passenger cars, 680,000 units of construction machinery, 200,000 units of ship machinery and power generation equipment, and a total sales volume. Breakthrough 100 billion yuan.
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