Weichai Power's electric energy business is taking big strides into the performance realization cycle. On the evening of August 27th, the latest semi annual report for 2026 showed that the profit share of the company's power and energy sector has increased to 20%, becoming the core growth driver supporting the company's high-quality development.

Data shows that Weichai Power achieved a revenue of 123.16 billion yuan in the first half of 2026, a year-on-year increase of 8.8%; The net profit attributable to the parent company was 7.7 billion yuan, a year-on-year increase of 36.5%, with profit growth far exceeding revenue growth. On the basis of stable overall business growth, the rise of the company's power and energy business has become the biggest highlight of this semi annual report. The company's data center power generation products have achieved a transformation from market narrative to operational performance.

The realization of performance is also reflected in a series of business indicators such as sales share and delivery of high-end products. In the first half of the year, Weichai Power's M-series engine, representing the high-end high-power track, sold 6700 units, a year-on-year increase of 31.5%. Of particular note is the data center power generation product, which achieved sales of over 1400 units in the first half of the year, surpassing last year's annual sales scale. This intuitively reflects that the strong demand in the AIDC industry has been transformed into tangible shipments.

A multi-level product matrix is opening up market space at home and abroad in a rhythmic manner. In the first half of 2026, the company's Chai Fa products successfully entered the core supply chain of top global data centers and top cloud vendors, breaking through the market pattern long dominated by overseas giants. Gas engines are shouldering the banner of mid-term growth, and currently the related products have successfully passed CE, UL and other related certifications, obtaining a key entry ticket to explore strategic markets. Industry trends show that due to the lagging progress of power grid expansion, many overseas cloud manufacturers have increased their procurement of gas turbines to overcome the bottleneck of grid connection, accelerating the expansion of the gas power generation market space.

Focusing on the long-term zero carbon distributed energy track, Weichai Power SOFC (Solid Oxide Fuel Cell) has completed key product and certification reserves. It is reported that the power generation efficiency of the company's SOFC system has exceeded 60%, which can achieve a carbon reduction effect of over 30% compared to natural gas generators. It is a clean power supply solution for data centers. In the first half of this year, Weichai Power, together with its subsidiary Baudouin, reached a strategic cooperation with a major French customer, and its technological advantages are accelerating their transformation into market advantages.

In addition, the company deepened its model innovation and deeply integrated photovoltaics, energy storage, and charging in the first half of the year SOFC、 Multiple core equipment such as generator sets, release microgrid solutions. In the field of electric energy, we are transitioning from a traditional energy solution provider to a high-end business model that combines green energy system solutions, comprehensive services, and ecological co construction.

The development of Weichai Power's electric energy business is also in line with the high prosperity cycle of the global AIDC power generation equipment industry. The delivery cycle of power generation products has become a hard constraint for the landing of overseas computing centers, and the market is even willing to pay a premium for faster delivery. Being at the forefront of the industry, Weichai Power has demonstrated strong competitive strength, building a complete product matrix of diesel backup power generation, gas and SOFC main power generation. The combination of fast delivery capabilities and a comprehensive service system lays a solid foundation for increasing market share.

Multiple foreign institutions continue to be optimistic about the growth value of Weichai Power's electric energy business. Goldman Sachs, JPMorgan Chase and other institutions believe that Weichai Power's high growth business has not yet been fully priced by the market. Industry analysis shows that Weichai Power's AIDC power energy business has entered a high-speed and high-volume channel, with diesel power generation achieving bulk supply, and gas power generation and SOFC fuel cell following suit, which is expected to continue driving the company's performance growth.Editor/Yang Meiling