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.
