On March 29, Weichai Power's 2017 Annual Results Conference was held in Hong Kong. Facing investors and media reporters, Weichai Power Chairman Tan Xuguang explained the company's operating performance in detail.
We handed out a high-level transcript to investors: In 2017, our operating income reached RMB 151.569 billion, up 62.7% year-on-year; net profit attributable to mothers was RMB 6.81 billion, up 178.9% year-on-year.
In addition, our ROE also exceeds 20%. This is a real value. In this regard, Tan Xuguang said: 'I don't know if it's better than me.'
In the past 2017, our business structure has undergone major adjustments, the product structure of the entire series has become more balanced, and the proportion of high-value-added products has increased substantially. We have shaken off the dilemmas of cyclical companies.
In 2018, the market share of Weichai’s heavy truck engines will continue to increase. We are ready for new energy and the smart logistics sector is playing a huge role.
In the face of the future, Tan Xuguang interpreted the 2020-2030 strategy. 'We are assured that by then, Lao Tan will not retire,' Tan Xuguang said wittyly.