In the first nine months of this year, Weichai Power achieved a sales revenue of 13.7 billion yuan, a year-on-year increase of 42%, and a net profit of 1.57 billion yuan, a year-on-year increase of 35%, corresponding to an earnings per share of 1.88 yuan. The quarterly report data was better than the market expectation. The main reason for exceeding the forecast was that the gross profit margin of the engine business of Weichai headquarters in the third quarter increased year-on-year and the administrative expenses decreased. Steel-Backed Glue Lines,Disc Spraying Lines, Glue Spraying Lines,Glue Line For Sale Pujiang Longhui Machinery Co., LTD. , https://www.longhuimachinery.com
Thanks to the nation's promotion of affordable housing construction and the increase in logistics demand in the central and western regions, sales of heavy trucks will still increase by 10% in 2011. Weichai Power Engine's capacity bottleneck has been resolved, and it is expected to achieve sales growth of 15%, exceeding market expectations.
The cost of foreign-invested engine products generally introduced by downstream customers is mostly around 150,000 yuan. Even after localization costs are estimated to be much higher than the average level of around 50,000 yuan in the current industry, they can only be positioned in the high-end and export markets. The main market where Weichai Power is located constitutes an impact.
Currently, in the field of heavy truck engines in China, Weichai Power is the largest supplier of heavy-duty engines in China, occupying a market share of 38% and possessing near-monopoly advantages in the 10-12L market, thus enjoying a 20% sales margin. In addition, Weichai has a complete range of power products and a variety of products, and its diversified development strategy has more room for development. 