On the evening of April 29th, Weichai Power released its first quarter performance for 2026. During the reporting period, the company achieved a revenue of 62.56 billion yuan, a year-on-year increase of 8.9%; The net profit attributable to the parent company was 3.09 billion yuan, a year-on-year increase of 13.8%. Among them, the sales of M-series large bore engines exceeded 3000 units, and the sales of data center power generation products exceeded 500 units, a year-on-year increase of over 240%, helping the company accelerate its strategic transformation and reshape its profit structure.

Currently, the acceleration of global AI computing infrastructure, continuous upgrading of high-end industrial equipment, and large bore high-end engines have become the core track of high prosperity in the power equipment industry due to their high technological barriers, excellent profitability, and strong growth certainty. According to research by CICC, the global market size for large bore diesel engines used in data centers is expected to reach 41.1 billion yuan by 2026. At the same time, the trend of ocean shipping recovery, accelerated oil and gas development, and large-scale engineering equipment further opens up diversified market space for M-series large bore engines. The stacked product unit price and gross profit margin are significantly better than traditional power products, and Weichai Power's M-series large bore engine business has a clear logic of simultaneous increase in quantity and price.

Weichai Power has been expanding into the field of large bore engines since 2009, and has established a complete independent research and development system, forming an M-series full spectrum product matrix that can fully meet high-end demands in multiple scenarios. With technological leadership and fast delivery capabilities, the company's large bore products are steadily expanding into the global market. In 2025, it will enter a period of large-scale production, and the sales volume of M-series large bore products will exceed 10000 units for the first time throughout the year.

In the current data center power product market, the core of competition has shifted from simple technical parameters and reliability to the competition of delivery time. In order to shorten the online cycle of data centers, customers have put forward higher requirements for the delivery speed of power equipment such as backup power supplies and UPS systems. Whoever can respond faster and deliver earlier can seize the market opportunity. Faced with this industry trend, Weichai Power has decisively increased production capacity construction, continuously increased capital investment and production capacity construction, and strived to significantly shorten delivery cycles while ensuring product performance and quality.

The announcement shows that in order to further improve the efficiency of the use of raised funds, optimize the allocation of funds and resources, and focus structurally on higher end, higher gross profit, and higher growth areas, Weichai Power plans to optimize some of the previously issued raised funds investment projects and increase investment in the "large bore high-end engine construction project".

This adjustment will further solidify Weichai Power's competitive advantage in the high-end power field, consolidate its leading position in the industry, and further release production capacity. This measure not only helps to consolidate Weichai Power's competitive position in the data center power market, but also prepares adequately for the continuous outbreak of future demand, supporting the continuous increase in market share and steady breakthroughs in business performance of the company's M-series large bore engine products.

With the continuous increase in large bore engine business and the deepening of high-end strategy, Weichai Power will embark on a new round of high-quality development cycle, contributing to the high-end and international development of China's equipment manufacturing industry.Editor/Gong Ziwei