Weichai Power Co., Ltd（「Weichai Power」Or「Company」；2338.HK，000338.SZ）We are pleased to announce that as of December 31, 2022,（「During the reporting period」）Audited annual results prepared in accordance with PRC GAAP。
Summary of 2022 Annual Results：
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RMB million
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Year ended 31 December
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Change
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2022
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2021（After adjustment）
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（%）
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Operating income
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175,157.54
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220,215.07
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-20.46%
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Net profit（Attributable to shareholders of the parent company)
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4,905.01
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9,492.61
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-48.33%
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Business Performance Shows Resilience，High proportion of dividend returns to shareholders
2022，Facing the downward pressure of macro-economy and industry，The company responded positively，Steady operation，New technology、New products、Continuous breakthroughs in new business，Overall performance outperformed the industry，Realized operating income of about 1751.600 million yuan，The net profit attributable to the parent company was approximately 49 percent.RMB 100 million。At the same time，The company insists on a high proportion.、Steady dividend policy，Continuously create value and return for shareholders，Share the development dividend，Cash dividend ratio reaches 45% in 2022%，The highest in the past five years.，Since the listing, the cumulative amount of cash dividends has exceeded 24 billion yuan.。
The power assembly has significant advantages.，R & D helps to enhance value
During the reporting period，The company sells all kinds of engines 57..30,000 units。Heavy Truck Engine Market Share Rises to 32.2%，Among，400-The market share of the 500 horsepower engine is as high as 49%， The market share of the trunk logistics transportation market above 500 horsepower rose to 18.%；Construction Machinery Engine Market Share Rises to 34%，Continue to maintain the leading position in the industry。Comprehensive improvement of scientific and technological research and development capabilities，Innovative achievements lead the development of the industry。Released the world's first body thermal efficiency breakthrough 51%、52%A commercial diesel engine，Continuously set new world records，Continue to lead the development of the global internal combustion engine industry。Blockbuster releaseWP14H、WP15H、WP15NGAnd brand newTSeries of high-end engine products，Leading in all aspects of technology and performance indicators，Leading industry transformation and upgrading。
High-end breakthrough of heavy Truck，Best export performance in history
During the reporting period，The company sold a total of 80,000 heavy Trucks.，Breakthrough in the high-end market，Leading China into a New Era of High-powered High-end Heavy Truck Energy Saving。2022，Shaanxi Heavy Duty Truck's High-power Series High-end Products Successfully Listed，XSales of 6000 series products exceeded 2000 Vehicles。At the same time，Actively integrate“The Belt and Road”Co-construction and sharing，Grasp the opportunities in the international market，Sales in overseas markets increased by 79% year-on-year%To 3.40,000，Create the best result in history。
Both production and marketing of large-bore engines are booming，High-end hydraulic pressure continues to work
Large Cylinder Diameter High Speed Engine Continues to Develop Market Segmentation，Achieve high-speed growth。2022，Sales increased by 70% year on year%To more than 8800 units，Revenue increased by approximately 109% year on year%To 29.500 million yuan，Overseas market revenue accounted for 70 percent%。Differentiated Competitive Advantage of Hydraulic Power Assembly，The high-end hydraulic power assembly of construction machinery independently built by the company is fully introduced to the market.，The First Hydrostatic Power Assembly Successfully Achieved Batch Installation and Matching，Leading a new round of upgrading of the industry。During the reporting period，The company's high-end hydraulics achieved domestic revenue of 6.500 million yuan，Compound growth rate in recent 5 years 27%。
New Energy Is Ready for Commercialization to Accelerate Breakthroughs
The company controls the world's leading high-quality resources，Open up multiple energy transformation paths。During the reporting period，Focus on pure electric powertrain technology，Complete the electric drive axle assembly、Product development of central drive assembly and core components，Industry-leading product performance。Speed up the technical research and commercialization of hydrogen energy route，Development 15-260kWFull range of fuel cell product platform，The first port hydrogen fuel cell heavy truck demonstration operation project was launched in Qingdao Port.，China's first highway hydrogenation station put into operation in Zibo；The 49-ton fuel cell heavy truck supporting Weichai power products has a mileage of more than 240000 kilometers.；In Jinan、Weifang、Buses equipped with Weichai hydrogen fuel cell engines have been launched in batches in Wuxi and other cities.，The total mileage is more than 25 million kilometers.。
Five firsts in agricultural equipment，Leading the industry to upgrade intelligently
The company gives full play to its synergistic advantages.，Promoting large-scale agricultural equipment、High-end、Intelligent transformation and upgrading。During the reporting period，Weichai Lovol achieved an operating income of 171.600 million yuan，The total sales volume of agricultural equipment products increased substantially throughout the year.，Its scale ranks first in the domestic industry.。The main products lead the whole line.，Large Tractor of 200 horsepower and above、Wheat machine、The market share of corn machine is the first in China.。Take the lead in carrying out a number of major national scientific and technological projects，Leading the industry to high-end。Domestic first commercial 240 horsepowerCVTMass commercial application of intelligent Tractor，Successfully build the overall solution of smart agriculture，Science and Technology Help Guard the Granary。
Intelligent Logistics Xu Li's upward profit has improved significantly.
Overcoming the adverse macroeconomic environment，Overseas holding subsidiaries of the CompanyKION Group AG（「Kai Ao」）Achieve high order volume，Revenue grew 8% year over year.2%To 111.400 million euros。Receiving material、Impact of rising energy and logistics costs and supply chain disruption，Net profit has declined。During the reporting period，Kion implements a package of measures to improve operational resilience and profitability，Significant quarter-on-quarter improvement in profitability in the fourth quarter of 2022，The ability to resist crises has been continuously enhanced.。
Look to the future，The company will continue to consolidate its leading position in the industry.，Promote products to high-end，Ensure the expansion of core market advantages，The strategic market continues to increase.。Expand the global leading advantage of power system，Quickly improve the competitiveness of new energy，Promote the competitiveness of heavy trucks to lead the world，Helping agricultural equipment to lead the transformation and upgrading of the industry，Give full play to the advantages of high-end hydraulic power assembly and actively expand the high-end market，Accelerating Intelligent Logistics to the First Echelon in China，Promote the company to achieve steady and positive development with high-end technology and diversified formats。
