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          Overview

          Weichai Power Co., Ltd. (HK2338, SZ000338)was founded in 2002 by the main sponsor, Weichai Holding Group Co., Ltd. and qualified domestic and foreign investors. It is the first combustion engine company listed in Hong Kong stock exchange, as well as the first company returning to China mainland stock market. In 2018, Weichai’s sale revenue reaches 159.26 billion RMB, and the net income attributable to parent reaches 8.66 billion RMB.

          Business

          Weichai has always adhered to the operation strategy of product-driven and capital-driven, and is committed to developing products with three core competitiveness: quality, technology and cost. It has successfully built the synergetic development pattern among powertrain (engine, transmission, axle,hydraulics), vehicle and machinery, intelligent logistics, finance, after-service and other segments. The Company owns famous brands such as “Weichai Power Engine”, “Fast Gear”, “Hande Axle”, “Shacman Heavy Truck”, and “Linder Hydraulics”.

          Industry Base

          The company has formed the Weifang-centered all series power industrial base, the Xi’an-centered heavy-duty vehicle and powertrain industrial base, the Chongqing-centered big-power engine and light-duty vehicle industrial base, and the Yangzhou-centered automobile electronics and parts industrial base. Our brands, such as "Weichai Power engine", "Fast Gear", "Hande Axle" and "Shaanxi Heavy Duty Truck" are playing a leading and dominant role in the relevant domestic market, forming the concentration effect of brands. In Auguest, 2012, the company signed the strategic cooperation agreement with KION Group Germany, marked the core technologies of enterprise directly into the world's leading level.

          R & D

          Weichai owns the State Key Laboratory of Engine Reliability, National Engineering Technology Research Center for Commercial Vehicle’s Powertrain, National Commercial Vehicle and Construction Machinery New Energy Power Innovation Strategic Alliance, National Professional Makers’ Space, “Academician Workstation”, “Post-doctoral Workstation” and other R&D platforms. The Company has the national intelligent manufacturing model base, as well as cutting-edge technology innovation centers in US, Germany, and Japan, R&D centers in Weifang, Shanghai, Xi’an, Chongqing, Yangzhou, etc. in China, and the global collaborative R&D platform to make sure that the technology stays at global leading level.

          Services

          Weichai has established a service network composed by more than 5,000 authorized maintenance service centers throughout China, and more than 500 overseas maintenance service centers. Weichai products are exported to more than 110 countries and regions.

          Honor

          In recent years, Weichai has won National Quality Award, China Trademark Gold Award – Trademark Innovation Award, National Demonstration Base of Enterprise Culture and National Quality Award. The “Heavy-duty commercial vehicle powertrain key technology and industrialization” was awarded the first prize of National Science and Technology Progress Award in 2018.

          Strategy

          Weichai Power takes “Green Power, International Weichai” as its mission, takes “customers’ maximum satisfaction” as its aim, and has formed unique enterprise culture. Facing the future, Weichai launched its 2020-2030 strategy: by 2020, traditional business will surpass world-class level; By 2030, new energy business will lead the global industry development; Become a respectable world top 500 international enterprise with continuously rising competitiveness.

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