Weichai Power Co., Ltd.

The company (HK2338, SZ000338) was founded in 2002 by Weichai Holding Group Co., Ltd. as the main sponsor and with domestic and foreign investors. It is an enterprise in the Chinese internal combustion engine industry listed on H shares in Hong Kong, China, and is also a company that has returned to the mainland from abroad to achieve an A-share re-listing. In 2020, the company achieved operating income of 19.49 billion yuan and net profit of 9.21 billion yuan to mother. The company adheres to two-wheel drive in product management and capital operation, and is committed to building products with the three core competencies of quality, core technology and cost, and has successfully built a new pattern of collaborative development in industrial sectors such as powertrain (engine, transmission, axle, hydraulic), complete vehicle, and intelligent logistics. The company's main products include a full range of engines, gearboxes, axles, hydraulic products, heavy vehicles, forklifts, supply chain solutions, fuel cell systems and components, automotive electronics and components, etc. Among them, engine products are exported to more than 110 countries and regions around the world, and are widely used and served in the global truck, bus, construction machinery, agricultural equipment, ships, electricity and other markets. The company's honors include winning the National Quality Award in 2007; in 2011, it was awarded the honorary title of “National Enterprise Culture Demonstration Base”; and the company's “WP10/WP12 Series Heavy Duty High-speed Engine and Key Technology” won the Grand Prize for Science and Technology Progress in China's Machinery Industry.