The hottest Weichai Power Engine business is stabl

Weichai Power: the engine business is stable, the profit of Shaanxi Auto increases greatly

Weichai Power: the engine business is stable, the profit of Shaanxi Auto increases greatly

China Construction Machinery Information

Event: the company released the 2014 semi annual report, with a year-on-year increase in revenue of 10% and a year-on-year increase in net profit attributable to the parent company of 81%

Kaiao's equity investment income is the main reason for the high performance. During the reporting period, the company consolidated Kaiao obtained an investment income of 1.778 billion yuan. Regardless of this part of the investment income, the company's operating profit in the first half of 2014 was 7 billion yuan, an increase of 11% year-on-year, basically matching the growth of revenue. The company's overall operation with engine as the core and heavy truck industry chain as the main body is stable

the diversification of engine business has been fruitful. The company's main business is high-power medium and heavy-duty engines, and its revenue in the first half of 2014 increased by 11% year-on-year. From the perspective of downstream industries, in the first half of the year, the sales volume of heavy truck market increased by 7% year-on-year, and the construction machinery fell by 2% year-on-year. The engine business of the company continued to grow beyond the industry. In the first half of the year, the gross profit margin of the company's headquarters continued to remain at 30%, the product structure, price and profitability of high-power engines remained stable, and the competition pattern in the whole medium and heavy-duty engine field remained unchanged

10l engine business remains stable. Several common faults of Jinan assay impactor are determined. In the first half of the year, the company sold 213500 additional engines above 10L, basically the same as the same period last year. Among them, the company sold 168300 engines for heavy trucks, with a year-on-year increase of 8.5%, surpassing the industry as a whole. The market share of heavy trucks above 14 tons increased by 0.7 percentage points to 39.2%

wp5 and WP7 businesses of medium-sized engines are growing rapidly. In the first half of the year, the company sold 7246 wp5 and WP7, with a year-on-year increase of 72%, and continued to expand the market in the passenger car market. Using the technology and production experience accumulated over the years in the engine field, the company continues to expand the engine product line and diversify the downstream structure. In the future, the medium-sized and small engine business will continue to maintain a high growth rate

Shaanxi Auto's profits increased significantly, and the market share of fast further increased. In the first half of the year, the long-term profit weakness, Shaan Auto's revenue increased by 7% year-on-year, and its net profit reached 200million yuan, with a year-on-year increase of 37%. From the perspective of the industrial chain, the industry profitability of heavy truck vehicle enterprises is in the industrial recovery stage

fast's revenue increased by 26% year-on-year, and its net profit was flat year-on-year. In the first half of the year, fast's transmission sales increased by 22% year-on-year. The market share of the steel ball as the upper test piece was fixed in a special collet, which further improved. The R & D investment in new products such as multi gear and at continued to increase, affecting the company's net interest rate. In combination with Shaanxi Automobile and fast, Weichai's position in the "gold industry chain" is still being consolidated