On the evening of April 29, Weichai Power released its first-quarter report for 2025. During the reporting period, the company achieved an operating revenue of 57.464 billion yuan, a year-on-year increase of 1.92%. The net profit attributable to the parent company reached 2.711 billion yuan, with a year-on-year growth rate of 4.27%. The profit growth rate has continuously outpaced the revenue growth rate and significantly exceeded market expectations. In particular, after excluding the impact of related expenses of KION Group, the growth rate of net profit attributable to the parent company further increased to 22.42%. During the reporting period, the company's profitability was further enhanced, with the gross profit margin increasing by 0.6 percentage points year-on-year to 22.2%.

In the first quarter, Weichai Power sold 217,000 engines of various types, a year-on-year increase of 5%. The company sold 83,000 heavy-duty truck engines, remaining basically flat year-on-year and achieving stable development. The company's high-end product, large-bore engines, which have attracted much market attention, saw sales of nearly 2,500 units in the first quarter, a year-on-year increase of 40%. Among them, benefiting from prominent infrastructure opportunities such as data centers in the domestic market, the domestic sales of large-bore engines achieved a substantial increase. The company stated that in the future, it will leverage its advantages in technical performance, production capacity, and delivery efficiency to accelerate the capture of key high-end markets such as data centers and further increase its market share and profitability.

In the field of traditional power, the company has been continuously promoting the improvement of the low-carbon performance of internal combustion engines and has developed diesel engines with higher thermal efficiency, better economy, and stronger energy conservation and emission reduction capabilities. On April 22, Weichai Power released the latest generation of H/T-2.0 engines with high thermal efficiency, which can save 5% more fuel compared to products of the same class.

Against the backdrop of the new energy transformation becoming a major trend across the entire industry, as a leading enterprise in the traditional power sector, Weichai Power has taken new energy as an important direction for strategic upgrading. Weichai Power adheres to the multi-pronged approach of "fuel cells, hybrid power, and pure electric power" to seize the opportunity in the new energy power market, and its new energy vehicle and complete machine strategy is gradually being implemented.

On March 28, the first battery product rolled off the production line at the Weichai Fudi (Yantai) New Energy Power Industrial Park. This industrial park was jointly built by the company and BYD and is currently one of the largest dedicated battery production bases for commercial vehicles in the world. With the completion and operation of this industrial park, Weichai Power has established large-scale production bases covering new energy power systems, motors, motor controllers, and batteries. On April 24, Shaanxi Automobile Heavy Duty Trucks (SHACMAN), a subsidiary of Weichai Power, released the fully self-developed new energy "Zhihui" heavy-duty truck brand at the Weichai (Yantai) New Energy Industrial Park. The heavy-duty trucks of this brand are equipped with the "Weichai New Energy Battery + FAST AMT Transmission + Hande Electric Drive Axle" golden power system. It is a domestic charging heavy-duty truck brand with completely self-developed software and hardware for the three-electric system. The vehicle's economic, reliability, safety and other indicators are leading in the industry, which will help SHACMAN become a leader in the new energy field of commercial vehicles.

In 2025, the company will promote technological innovation and platform iteration and upgrading of new energy products to form differentiated product advantages; increase market development efforts and accelerate the expansion and promotion of vehicle models. (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian