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In January 2011, the sales volume of downstream heavy trucks and construction machinery increased significantly year-on-year, which contributed to a record high sales volume of Weichai Power. Weichai Power's share price rose by 20% in 10 days. The main reason for the increase was Weichai Power's downstream industry heavy truck and construction machinery industry in January. The sales growth rate exceeded the market expectation quickly, which drove the main product of Weichai Power Co., Ltd. – sales of engines, transmissions and heavy-duty trucks increased significantly. Weichai Power is a key enterprise in R&D, manufacturing, and sales of internal combustion engines in the country. It is also the first company in the Chinese diesel engine industry to be listed in Hong Kong. Weichai Power's internal combustion engine products are widely used in heavy-duty vehicles, buses, construction machinery, ships, and power generation. Power and power supply market. With the release of domestic heavy truck and construction machinery sales data in January 2011, Weichai Power's share price has also been steadily rising, reflecting investors' optimism for Weichai Power's sales in the first quarter.
Engine business: Although Weichai Power has not announced specific sales in January 2011, it is estimated that sales of Weichai Power's engines in January will be at least 70,000 engines in January, an increase of approximately 50% year-on-year.1 Quarterly sales of at least 200,000 units (2010 sales of 560,000 engines throughout the year). It was reported that Weichai Power ranked at around 65,000 units in January 2011, which reached the upper limit of Weichai's power production capacity. Since the scheduling of Weichai Power's production depends on the order of the entire vehicle company, its inventory has not increased. Weichai Power's engine products are mainly concentrated in the 8-12 litre engine and are actively developing the 5-7 litre market.
Transmission business: Fast is a holding subsidiary of Weichai Power (holding 51% of shares). It is the leading manufacturer of automobile transmissions in China and the world’s largest automotive transmission manufacturer. In January 2011, Fast Transmission achieved a sales income of 1.29 billion yuan (Fast sales revenue exceeded 12.6 billion yuan in 2010), and sales of automobile transmissions exceeded 92,000 units, and various operating indicators created a single-month historical best in the same period. Because of the strong sales in January, Fast has established a target plan for annual production and sales income of RMB 14 billion, and will complete the production and sales of transmissions that will insure 1 million units. Based on the sales volume and market share of Fast Transmission, it can basically be inferred. In January, the total sales volume of heavy trucks nationwide was 110,000. The Fast Group expects that the situation in March will be even better, and it will be better in April. Fast will strive to break one million transmissions in 2011 (853,000 units sold in 2010). Many heavy-duty truck companies are similar to Fast's. Many companies have already raised their sales and marketing plans for 2011 because of strong sales in January. Heavy truck business: In January 2011, sales of Shaanxi Heavy Duty Truck (shareholding 51%) of Weichai Power were 6090 vehicles, and the sales volume steadily increased. Shaanxi Automobile's target for 2011 is 150,000 vehicles. At present, Shaanxi Heavy Duty Truck is located in the second echelon of China National Heavy Duty Truck Market, second only to FAW Jiefang and China National Heavy Duty Truck. In 2010, Shaanxi Heavy Duty Truck Market share is approximately 11%. The flagship product is the traction of Aolong and Delong series. Unloading and loading heavy trucks. From the perspective of Weichai Power's net profit contribution in recent years, Shaanxi Zhongqi Automotive's net profit contributed 2.8% of the total net profit of listed companies, its headquarters engine business accounted for 81.5% of its total net profit, Shaanxi Fast's transmission business accounted for 13.2%. %.
Weichai Power entered the field of new energy very early on and developed diesel and gas hybrid heavy trucks and pure electric heavy trucks. In January 2010, the Strategic Alliance for Industrial Technology Innovation of New Energy Power Systems for Commercial Vehicles and Construction Machinery was approved by the Ministry of Science and Technology. The company's advantage in the new energy industry has also benefited from the gradual confirmation. At present, the sales volume of gas engines of Weichai Power ranks among the top three in the industry and accounts for more than 85% of the market share of domestic gas heavy trucks. Weichai Power also undertook the National 863 Hybrid Diesel Engine Development and Application Project and the National 863 Program on Heavy-duty LNG Commercial Vehicle Product Development Project.
With the gradual development of the 12th Five-year Infrastructure Project, the increase in the construction of water conservancy and hydropower, the expansion of the construction of affordable housing, and the gradual implementation of infrastructure construction investment brought about by the regional revitalization plan, the leading power station Weichai Power in the CNHTC and construction machinery sector will continue to grow steadily. .
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