On the evening of August 30th，Weichai Power Releases 2023 Interim Results。The report shows，Realized operating income of 1061 in the first half year.3.5 billion yuan，Year-on-year growth of 22%；Realized net profit attributable to parent company 38.9.9 billion yuan，Year-on-year growth of 63%；Net profit after deduction increased by 124% year on year%To 36.RMB 100 million，Gross profit margin increased by 1% year-on-year.7 percentage points to 19.4%；Net cash flow from operating activities increased by 123.5% year on year%To 128.RMB 900 million，Cash flow is strong。
Since 2023，The overall economic operation has shown a good trend of recovery.，Market demand is gradually recovering.，More favorable factors for industry development，From January to June this year，The sales volume of China's heavy Truck industry is 48.80,000，Year-on-year growth of 29%。As the leading enterprise in China's heavy Truck industry chain，The performance of Weichai Power is outstanding.。
High horsepower、Natural gas engines and other market segments are full of bright spots, and the market share and revenue have achieved a double rise.
It is understood that，Weichai Power's main products include a full range of engines.、Gearbox、Axle、Hydraulic products、A heavy Vehicle、Forklift、Supply chain solutions、Fuel cell systems and components、Agricultural equipment、Automotive electronics and parts, etc.，Among，Engine products are exported to more than 150 countries and regions around the world，Widely used and served in global Trucks、Passenger car、Construction machinery、Agricultural equipment、Ship、Electricity and other markets。“Weichai engine”“Fast transmission”“Hand axle”“Shaanxi Automobile Heavy Truck”“Linde hydraulic”“Weichai Lovol Smart Agriculture”And so on deep customer trust.，Brand cluster effect has been formed.。
The first half of this year，Facing the complex development situation，Weichai Power System Planning、Reasonable arrangement、Precise measures，Continue to deepen reform、Actively develop market segments、Continue to increase R & D investment、Take strict precautions against operational risks，Continuous improvement of overall operational quality，Continue to maintain steady development。
During the reporting period，Weichai Power has steadily increased its market share in various segments.，The market position of each product continues to lead.。
Look at it in detail，Engine sales of Weichai Power in the first half of this year were 36.70,000 units，Year-on-year growth of 29%，Among them, the market share of domestic heavy truck engines above 500 horsepower has reached 31.7%，Year-on-year increase of 19.7 percentage points，Substantial increase in profitability；Engine Export Sales Volume 3.90,000 units，Year-on-year growth of 52%，Among them, heavy truck engine sales increased by 81.%To 14.20,000 units，Market share up to 38.4%，Leading position continues to highlight。In addition，Transmission sales in the first half of the year 42.50,000 units，Year-on-year growth of 33%；Export sales 2.20,000 units，Year-on-year growth of 93%；Axle sales 36.Ten thousand，Year-on-year growth of 31%。
In addition，In the first half of the year, Weichai Power's strategic high-end products continued to develop.，Strong trend of large-bore engine。In the first half of the year, the revenue of large-bore engines increased by 77 percent%，Year-on-year sales growth of 48%，Production and sales hit a new high。High-end hydraulics continue to strengthen technical research，Promote the full landing of strategic products，Domestic revenue achieved during the reporting period 5.0 billion yuan，Year-on-year growth of 46%。Hydraulic power assembly products for the first time supporting 80 tons of Excavator products，Reliable performance，The economy is remarkable，Become a new generation of mine king。
Commercial Vehicle business，Weichai Power focuses on the leading strategy of the whole Vehicle.，Accelerate the upgrading of industrial chain structure，Continuously improve product competitiveness，The sales volume of products has increased substantially.，The market growth rate has been the first for many months.。The data shows，In the first half of the year, the commercial vehicle business sold a total of 6..Ten thousand，Year-on-year growth of 58%；Export sales 2.60,000，Year-on-year growth of 97%，Continuous improvement of core competitive advantages，Strong breakthroughs in key market segments。In addition，Also seize the opportunity of natural gas heavy truck warming，In the first half of the year, the cumulative sales of natural gas products of Shaanxi Heavy Truck exceeded 10,000 units.，Year-on-year growth of 241%，Further increase in market share 2.8%，High reliability、Lightweight、High horsepower、Low gas consumption recognized by users。Engineering Dump Trucks continue to dominate the list，Ranking first in the industry with a leading edge。Breakthrough in double growth of truck sales and share，Year-on-year sales growth of 107%，Market share increase 2.2 percentage points。
Not only that，Intelligent logistics business achieved sales revenue of 5.6 billion euros.，Year-on-year growth of 2%，Industrial Vehicles and services business profits and revenues increased significantly，Operating results far exceed expectations。
Insisting on Innovation and Promoting Leading Position to Continue to Highlight
The excellent market performance of Weichai Power benefits from the continuous improvement of R & D capability.，Continuous innovative achievements continue to lead the development of the industry.。
During the reporting period，Weichai Power insists on innovation-driven，Preempt heavy truck technology“High ground”。Actively promote the upgrading of high-end heavy trucks，Successfully released the upgraded version of Delong X6000 17H840 High Horsepower High-end Products，Refresh the domestic heavy truck horsepower list again，Leading the development of China's high-powered Tractor market。
In addition，It also actively promotes the layout of new energy heavy truck industry.，Link industry resources，Match the leading industry's autonomous electric drive、Electronic Control Technology，Realize Xinjiang、Szechwan、Batch delivery in Heilongjiang and other places，Fill the gap in the market，Brand influence has been greatly enhanced。
The first half of this year，The world's largest natural gas commercial vehicle engine productsWP15NGOfficial mass production，Leading in all aspects of technology and performance indicators，Leading the industry to high-end again、Large-scale transformation and upgrading；World's Largest Heavy Truck EngineWP17HOfficially released，For mountain trunk lines、Customized development of complex application scenarios such as plateau trunk lines，Refreshing the Power Record of National Brand Heavy Truck。
With the continuous optimization of product structure，Breakthroughs in market segments，High-end products continue to lead，The foundation of high-quality development has been continuously consolidated.，Weichai Power's ability to resist cycles and fluctuations has been greatly improved.，Market share and revenue achieved a double rise。
Look to the future，Weichai Power will continue to seize development opportunities in domestic and foreign markets，Insist on science and technology leading、Innovation driven，Accelerate product upgrades and technological breakthroughs，Focus on the coordinated development of the whole vehicle，Support the continuous improvement of intelligent logistics，Accelerate the full development of high-end technology and diversified formats，New breakthroughs have been made in structural adjustment.。
