On the evening of October 30th，Weichai Power Releases Third Quarter Report of 2023。January to September 2023，The company achieved operating income of 1603.800 million yuan，Year-on-year growth of 22.9%；Net profit attributable to shareholders of the parent company 65.0 billion yuan，Year-on-year growth of 96.3%；Basic earnings per share 0..75 yuan。
The first three quarters of this year，Due to the gradual recovery of the domestic economy、The bright performance of the export market and other multiple positive impetus.，China's Heavy Truck Industry Has Recovered Significantly，Ushering in an upward inflection point，Step into the rising channel of prosperity。China's Heavy Truck Market Demand Is Strong in the First Three Quarters，Cumulative sales 70.Ten thousand，Year-on-year growth of 34%，This year's cumulative sales have exceeded the annual sales of 670000 Vehicles last year.。During the reporting period，The company plans through the system.、Reasonable arrangements and precise measures，Continue to deepen reform、Actively develop market segments、Take strict precautions against operational risks，To improve the overall quality of operation，Ensure the sustainability of steady development。
Steady increase in sales of power system and Vehicle products
The company has established a product research and development system to meet the needs of various market segments.，Continuously improve the whole process R & D capability，In order to be more comprehensive、Meet customer needs faster，Win good reputation in the market。The company sold 54 engines in the first three quarters.80,000 units，Year-on-year growth of 24.5%，Among them, 22 heavy Truck engines are sold.20,000 units，Year-on-year growth of 82.5%，Export sales volume 5.20,000 units，Year-on-year growth of 35.6%；Sales Gearbox 62.80,000 units，Year-on-year growth of 38.6%，Export sales 2.90,000 units，Year-on-year growth of 59%。
The company has obvious advantages in product differentiation.，Core competitiveness is constantly highlighted。In the field of high-powered high-end products，The company continues to work hard，Constantly set a new benchmark in the industry，It is favored by customers。Domestic market share of high-powered engines reached 32.7%，Year-on-year increase of 19.8 percentage points，Substantial increase in profitability。The new generation of high thermal efficiency powertrain products have obvious advantages in high reliability and high transmission efficiency.，Continue to lead the new era of energy saving for China's high-powered heavy trucks。
The company's holding subsidiary Shaanxi Heavy Truck continues to accelerate the upgrading of the industrial chain structure.，Continuously improve product competitiveness；Insist on innovation drive，Preempt heavy truck technology“High ground”；Actively adjust and optimize the product mix、Business structure，Achieve double growth breakthroughs in sales volume and share。
January to September 2023，Shaanxi Heavy Duty Truck Co., Ltd. sold 9 Heavy-duty Trucks in total.20,000，Year-on-year growth of 52%；Of which, the export sales volume is 4.20,000，Year-on-year growth of 71.9%；Increase overall market share by 1.5 percentage points。
Intelligent logistics and new business continue to develop
First three quarters of 2023，Kion Group, an overseas holding subsidiary of the company, is driven by the continuous growth of the industrial Vehicle and service business sectors.，Achieved significant growth in profitability and free cash flow。Kion Group achieved a net profit before interest and tax of 5 in the first three quarters.700 million euros，Year-on-year increase of 171.6%。Among them, the profit income of Industrial Vehicles and service business has increased significantly.，Operating results far exceed expectations。At the same time, Kion Group updated its overall performance expectations for 2023.，Adjusted EBIT increased from 6..800 million euros to 7..800 million euros。
During the reporting period，The company accelerates the construction of a new pattern of business development，Strategic high-end products continue to develop。
Large bore engine relies on its product power、Advantages such as excellent economic performance，Win the high favor of domestic and foreign markets，The continuous enhancement of the company's production capacity，Market awareness and share continue to increase，It has become a new engine to promote the company's performance growth.。The first three quarters，The company's high-end large-bore engine sales continue to rise.，Year-on-year revenue growth of 76.7%。
Hydraulic business，The company continues to play the advantages of high-end hydraulic power assembly.，Continuously improve market reputation，Support and continue the high-speed growth trend，Inject strong impetus into the company's high-quality development。The first three quarters，The company's domestic high-end hydraulic business revenue increased by 50%。
Future，The company will continue to adhere to scientific and technological leadership.、Innovation driven，Continuous deep cultivation of market segments，Steadily improve product quality，Deepen enterprise reform，Strive to expand market share，Promote high-quality development to a new level。
