In the heavy truck industry, Weichai power can not be ignored.
According to the data show that in 2017 from January to September, the cumulative sales of heavy trucks to 860. From March 2017 began heavy truck market has remained at 90,000 sales, especially in September heavy truck sales of 100,000, the chain An increase of 7% over the same period last year 5.29 million sales growth of 89% .Industry analysts believe that heavy truck sales growth related to the company's performance, including Weichai power, including the relevant company three quarterly market expectations, Diesel power third quarter results notice, the first three quarters of net profit is expected to increase more than 100%.
'Weichai power to promote the transfer mode, adjust the structure, to seek transformation and upgrading, and continuously enhance the ability of independent innovation and international development level, the overall strength and the strength of Anti-risk ability to continuously improve. 'Weichai power insiders in an interview with reporters admitted:' Weichai power is no longer a simple engine company, but with the engine-related multi-industry groups. '
steady development
According to Weichai Power official data, the first three quarters of the consolidated operating income of 162.9 billion yuan, an increase of 83% .Wei Chai Power in the interim report summary sales show a substantial increase in the reasons for the implementation of the " Market recovery and so on.
In the second half of 2017, the recovery trend of the developed economies as a whole was obvious, the domestic economy was slowed down by the growth rate of infrastructure investment, the price level was stable and the export trade was steady and so on. The economy was expected to stabilize in the second half of the year. Infrastructure investment, driven by the implementation of policies and regulations, equipment updates and other favorable factors such as superposition, is expected this year, heavy trucks, construction machinery and other industries showed a substantial growth trend, is conducive to the future development of the company. 'The insiders estimate.
However, it is noteworthy that emissions regulations, since January 1, 2018, the country all manufacturing, import, sales and registration of light diesel vehicles, must meet the requirements of Ⅴ standard. The insiders admitted: 'This is the company's Product development, technology upgrades put forward higher requirements.
'In general, the heavy truck will continue to show a relatively good growth momentum.' Zhong Weiping expressed concern for the development of heavy truck market, 'the future to maintain sales in the 500,000 to 600,000 years will be normal, too high or too low mean The market is immature.
Internationalization strategy
According to statistics, the total amount of overseas M & A transactions in China in 2016 is expected to reach 150 billion US dollars, an increase of 35% over 2015, but some studies have pointed out that only 13% of China's enterprises are profitable.
For the Weichai Group, the international strategy has been its bright spot, its overseas operating income accounted for more than four years for more than four percent, up to 49% .At present, the Weichai Group has five European and American enterprises, five Chinese and foreign Listed companies, eight high-end industrial brands. 'Weichai power from a Weifang engine business started today to become the world's enterprises. Weichai power in the ever-changing adjustment, and the gradual emergence of global enterprises and unified values.' Weichai Power Chairman Tan Xuguang said.
The Weichai power of the international layout of the earliest dates back to 2012, first with the Italian Ferretti Group launched a strategic cooperation in September the same year, Weichai Group and Germany Kay proud group signed a strategic cooperation agreement.
In 2016, Weichai Group and the Ministry of Industry and Industry of Belarus signed a memorandum of investment, invested 50 million US dollars in Belarus to build an annual output of 20,000 units of the engine manufacturing base in September this year, Weichai Group and the Belarus Group signed Weichai Mazda joint venture company. Weichai Power in the joint venture company has 70% of the shares, the Maiz Group has 30% of the shares. The two sides signed the first batch of 1,100 commercial contracts. According to the plan to November 2018 8 days ago to complete the plant construction.
In April this year, Weichai Power invested 60 million US dollars (about 413 million yuan), and the US NASDAQ listed company Power Solutions International Inc. (hereinafter referred to as PSI) signed a share purchase agreement, holding its 7.5 million shares of common stock , Accounting for 40.71% of its total issued share capital, becoming its largest shareholder.
Nearly 10 years, Weichai power into R & D funds accumulated to more than 150 billion yuan.Which regardless of the operating performance of the year, the company's annual R & D investment accounted for never less than 5%. 'Strong technical strength and market development capability is Weichai Of the emboldened. 'Tan Xuguang said.
Tan Xuguang has publicly stated: 'In recent years, Weichai power always adhere to the principle of strategic investment, through the acquisition of European Kay proud, Linde, the United States Dematic, investment in North America and the European market, the depth of the layout' along the way 'along the country and region , The layout of the major global markets has been basically completed in the future, we will make full use of the rich strategic resources have been controlled, effectively play a global business collaboration, deep plowing the global strategic market, and continuously enhance the degree of globalization and brand awareness.