Weichai Power: The first three quarters of net profit increased 75-105% year-on-year
Weichai Power is a key enterprise in R&D, manufacturing, and sales of national internal combustion engines, and is also the first company in the Chinese diesel engine industry to be listed in Hong Kong. The company’s internal combustion engine products are widely used in heavy-duty automobiles, buses, construction machinery, marine applications, and power generation. market. In the first three quarters, the company realized a basic earnings per share of 5.76 yuan, operating income of 46.9 billion yuan, an increase of 84.45%; net profit attributable to the parent company owners 4.8 billion, an increase of 101.54%%. Weichai Power is expected to accumulate net profit for the year 2010 from 59630 million yuan to 6985.2 million yuan, an increase of 75% to 105%.
In recent years, the rapid development of China's economy has laid the foundation for the sustainable development of the automotive industry. It has also created conditions for the development of equipment manufacturing industries such as heavy trucks and construction machinery, and brought opportunities. With the mature development of the domestic logistics and transportation industry, more and more users have a greater demand for high-end products. As a leading company in the domestic heavy truck technology, Weichai Power benefits from this development trend, among which: with independent intellectual property rights The high-power high-speed "blue engine" engine has won widespread recognition in the market for its advantages of environmental protection, energy saving and reliability. With the "blowout" of the domestic heavy truck market in 2010, the sales volume of the "blue engine" engine market hit a record high; Weichai Power Shaanxi Heavy-Duty Trucks Co., Ltd., a subsidiary of the company, ranks fourth among heavy-duty trucks with its outstanding market performance of new models. Its annual sales volume is expected to approach 112,000 units; Shaanxi Fastest Gear Co., Ltd., a controlling subsidiary, continues to maintain its absolute position in the industry. Leading position.
Although a series of measures such as the introduction of the “New State Ten Articles†for real estate New Deal and the state’s further increase in energy conservation and emission reduction have limited the rapid growth of the construction machinery industry to a certain extent, it is affected by the lagging investment of RMB 4 trillion. The construction project entered the construction phase of construction, and the construction machinery industry ushered in the unexpectedly rapid growth. The company's engineering machinery engine products have a stronger dominance and sales continue to grow.
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