Year-on-year growth of 20.4% Weichai Power achieved a net profit of 5.287 billion yuan in the first half of the year

December 01, 2023

On August 29, 2019, Weichai Power disclosed the semi-annual report for 2019. During the reporting period, the company achieved operating income of approximately 90.862 billion yuan, and the net profit attributable to shareholders of listed companies was approximately 5.287 billion yuan, an increase of 10.5% and 20.4% respectively.
The report shows that in the first half of the year, the company sold 394,000 engines of various types, up 10.7% year-on-year; sold 582,000 sets of gearboxes, up 11.3% year-on-year; sold 458,000 trucks of various types, up 26.5% year-on-year; 218,000 units, an increase of 10.5% year-on-year, the market share reached 33.2%, an increase of 3.9%. Shaanxi Heavy Machinery Co., Ltd., a subsidiary of the company, sold 87,000 heavy trucks in the first half of the year, up 3.1% year-on-year, with a market share of 13.2%. The company's controlling subsidiary, Shaanxi Fast Gear Co., Ltd. sold a total of 582,000 transmissions in the first half of the year, a year-on-year increase of 11.3%. Among them, the heavy-duty truck transmission market share is about 80.5%. The company's overseas holding subsidiary, KION Group, achieved sales revenue of 4.36 billion euros in the first half of the year, a year-on-year increase of 12.6%.
Weichai engine
The report shows that the company will accelerate the deployment of new formats, new energy and new technologies in the first half of the year, and promote the construction of large-caliber high-speed engines, fuel cell engines, and Linde Hydraulics; in the global strategic layout of big data, smart driving, car networking and other future new Science and technology, focus on breaking through the key technology of "card neck"; firstly put hydrogen fuel cell buses in batches in Weifang and other places; the 200-ton hydrogen energy mine card project jointly developed with Guoneng Group was promoted in an orderly manner.
Reading volume: Source: Chinese network of truck: Le Feng

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