China's largest diesel engine manufacturer, Weichai Power Co., Ltd., said on April 27 that it plans to double the proportion of international sales in the next 3-5 years. It is expected that the global economy will continue to improve, and this year's sales and earnings will win over the past year. Weichai Power Chairman Tan Xuguang stated at the press conference that the company has entered orbit since its reorganization in 2005. Last year it acquired the French Baudouin and set up a branch in Singapore to carry out the European and Southeast Asian markets. He said that at present, international sales account for about 7% of the company's overall sales, and hopefully it will increase to 15% after 3-5 years. Weichai Power recorded a net profit growth of 77% year-on-year to RMB3.41bn in the first quarter of this year. In the first quarter of this year, it recorded 1.619 billion yuan, an increase of 350%, and nearly half of last year's full-year net profit. “The forecast for sales revenue and profit this year is better than last year. The actual growth depends on changes in economic growth.†Tan Xuguang said. He also disclosed that Weichai Power's parent company, Weichai Group, has set strategic goals for the next decade, including sales revenues of RMB100 billion and RMB150 billion in 2012 and 2015 respectively, and by 2020 Up to 200 billion yuan. Tan Xuguang is reluctant to disclose the growth target of Weichai Power. He only stated that last year, for example, sales revenue of Weichai Power was approximately 35 billion yuan, while Weichai Group had 52.6 billion yuan, showing that most Weichai Group’s revenues All from Weichai Power. Style your bathroom just how you want it. Our
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