Weichai Power achieved a record high of 35.5 billion in operating revenue in 2009

Weichai Power (Shenzhen Stock Exchange stock code: 000338) released its 2009 performance report and its 2010 first quarter financial report on April 27. The report shows that in 2009 operating income reached 35.525 billion yuan, an increase of 7.2%, a net profit of 3.407 billion yuan, an increase of 76.4%, in 2009 earnings per share of 4.09 yuan, an increase of 76.3%.

The first quarter of 2010 report showed that operating income was 15.173 billion yuan, an increase of 146.1% year-on-year; earnings per share was 1.94 yuan, an increase of 351.2% over the same period last year.

In 2009, the company rose in contradiction under severe conditions, and a number of indicators ranked first in the industry

Affected by the global financial crisis, the heavy-duty truck market in China showed a tendency to decline afterwards in 2009. In the face of a complex economic environment, Weichai Power has led the industry development trend with a complete product structure, a complete industrial chain, a diversified market layout, leading products and technologies, and has strong anti-risk capabilities, enabling Weichai Power. The market advantage has been further improved, and various operating indicators continue to rank first in the industry. In 2009, a total of 226,170 heavy-duty truck engines were sold, an increase of 14.6% year-on-year; the market share of the 5-ton (or more) loader market reached 80.0%; and the market share of large passenger vehicles reached 20.0%, setting a record high.

The entire vehicle market is developing rapidly and the auto parts market continues to lead. In 2009, Shaanxi Heavy Duty Truck sold 58,498 heavy-duty trucks. Although it decreased by 8.8% year-on-year, its market share increased rapidly. It increased from the highest of 6.8% in 2005 to over 12.0%, making it one of the fastest growing companies in the industry. Fast sold 532,049 transmissions, a year-on-year increase of 14.5%, and the heavy truck market share reached 80.0%, maintaining its leading position in the industry. In the auto parts business, spark plugs have exceeded 100 million in sales, occupying more than 60.0% of the total in the mainframe market, and are in an absolute monopoly position. The total scale ranks first in the country and the top six in the world. The production and sales of automotive air-conditioning compressors exceeded 600,000 units, ranking the forefront of the industry.

In 2009, due to the decrease in demand for coal and iron ore and the shrinking area of ​​new real estate, the overall construction machinery industry experienced a significant decline. Weichai sold 82,125 construction engine engines and continued to outperform the industry.

Efficiently Integrate Advantageous Resources at Home and Abroad, Perfecting to Enter the International Market Service Network

In January 2009, in the context of the economic crisis, Weichai Power seized the opportunity to successfully acquire the French Boduuan Engine Company with 2.99 million Euros. Its leading product, the M26 engine, is an ideal power for luxury yachts, ships and power generation equipment. It is highly complementary to Weichai's existing product portfolio. At the end of 2009, the reorganization of Weichai Power's Yangzhou Diesel Engine Co., Ltd. was completed, which created the conditions for the construction of a million small-diameter power manufacturing base, marking the company's full implementation of the Yangtze River Delta business strategy.

While actively integrating high-quality resources at home and abroad, Weichai Power gradually improved its international network construction and enhanced its export advantages. In 2009, the construction of Weichai Power International Service Station was fully rolled out, and the number rapidly expanded from 25 to 70. It was distributed in 17 major markets, more than 60 countries and regions, and offices and branches were established in 25 countries. It has laid a solid foundation for the products to enter overseas markets. With the acquisition of Baudouin in France, it has expanded the market for high-end ships and power generation equipment in Europe and South Africa. With the establishment of the Weichai Singapore Baudouin branch, the company has established its sales service support center and logistics distribution warehouse in Southeast Asia. Training and remanufacturing center.

With the support of a powerful service network system, the company’s product exports have gradually increased, and the future has great potential. Engine outlet

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