Weichai Power (000338) recently released its 2019 annual report. The announcement shows that during the reporting period, it achieved revenue of 174.361 billion yuan, an increase of 9.48% year-on-year. The return on shares was 1.15 yuan, compared with 1.08 yuan in the same period last year.
As of December 31, 2019, Weichai Power's net assets attributable to shareholders of listed companies were 45.224 billion yuan, an increase of 15.03% over the end of the previous year; the net cash flow from operating activities was 23.835 billion yuan, compared with 22.262 billion yuan in the same period last year .
It is understood that in 2019, the Chinese government adheres to the general tone of progress while maintaining stability, adheres to the new development concept, adheres to the main line of supply-side structural reform, and actively promotes high-quality development. Stabilizing foreign investment, investment, and anticipating work, the overall operation of the national economy is stable, and the quality of development has been steadily improved. Annual GDP was 99.1 trillion yuan, a year-on-year increase of 6.1%. Driven by national infrastructure investment, as well as upgrades in emission regulations, regulatory limits, and transportation structure adjustments, the commercial vehicle and construction machinery markets maintained stable operations. The heavy-duty truck market achieved a total of 1.174 million vehicles, a year-on-year increase of 2.3%. The construction machinery industry (of which forklifts are internal combustion forklifts) achieved sales of 741,000 units, an increase of 5.3% year-on-year; of which, the market for loaders of 3 tons and above sold 112,000 units, an increase of 5.6% year-on-year.
During the reporting period, the company focused on the whole vehicle-driven strategy to accelerate technological upgrades and advance its products to high-end, and its product market competitiveness continued to increase. Shaanxi Heavy Vehicle Co., Ltd., a subsidiary of the company, focuses on advantageous resources and accelerates the transformation of marketing. It continues to maintain its leading edge in market segments such as natural gas, port traction, economic coal transportation, urban construction waste transportation, oilfield dedicated, and heavy-duty transportation; Enhancement of research and development capabilities and application of cutting-edge key technologies, completed the design and development of more than 20 national six vehicle models and announced the announcement of the first batch of listed vehicles; in the field of intelligent driving, the L2 lane-keeping assistance system was the first to complete verification and achieve mass production in the industry. Shaanxi Fast Gear Co., Ltd., a holding subsidiary of the company, adheres to innovation-driven and builds product competitiveness around core technologies. Retarders are widely used in passenger cars, trucks, and light and medium-duty trucks. It has become the mainstream leading the optimization configuration of high-end heavy trucks. The self-adjusting clutches have been successfully mass-produced, leading the world, and the influence of corporate brands has been further enhanced. With the development of intelligent manufacturing and information technology, efficient, agile and intelligent logistics services continue to drive industry change. The company ’s overseas holding subsidiary, KION Group, is the world ’s second largest forklift and service provider in Europe, and the world ’s number one supply chain solution provider. It seizes global e-commerce and supply chain development opportunities and deeply integrates automation and Digital business, creating integrated solutions for internal logistics, and continuously creating competitive advantages for customers.
The data shows that Weichai Power is committed to creating the products with the three core competitiveness of quality, technology and cost, and has successfully built up powertrain (engine, transmission, axle), complete vehicle, intelligent logistics and other industries. The pattern of synergetic development of the sector.
