In the first half of 2021, Weichai Power seized opportunities, improved quality and efficiency, and achieved excellent performance in various business indicators; the leading position of advantageous business was more stable, the contribution to overseas business performance increased significantly, and new energy, new technology, and new business type made continuous breakthroughs; the industrial structure, cyclical structure and regional structure were further optimized, and risk resistance and comprehensive competitiveness continued to enhance. In the first half of 2021, Weichai Power achieved an operating income of 126.39 billion yuan, an increase of 33.8% over the same period last year. The net profit belonging to shareholders of listed companies was 6.43 billion yuan, an increase of 37.4% over the same period last year. The basic earnings per share is 0.80 yuan.
The share increases and the powertrain maintains a strong momentum.
Speed up the breakthroughs of key technologies, lead the transformation and upgrading of the industry, and powertrain sales reach a new all-time high. During the reporting period, 671000 engines were sold, up 42.8 percent from the same period last year; 802000 gearboxes were sold, up 32.4 percent from the same period last year; and 638000 axles were sold, up 19.5 percent from the same period last year.
Focus on market segmentation and consolidate the competitive advantage of the full range of products. The sales of heavy truck engines were 339000, and the market share increased significantly by 3.2 percentage points to 32.4%. The sales of No. 6 engine products ranked first in the industry, up 108% from the same period last year, and sales of non-road engines increased by 43.1% to 177000 units compared with the same period last year. The growth rate is faster than the growth rate of road use. At the same time, high-end products have taken off in an all-round way, and the income of large-diameter engines has reached 520 million yuan, an increase of 24.2% over the same period last year. Large-tonnage excavators in the comprehensive layout of high-end hydraulic pressure have outstanding performance advantages and rapid market promotion. Domestic income reached 290 million yuan in the first half, an increase of 27.3% over the same period last year.
Make all-round efforts to achieve multiple breakthroughs in new energy
Control key technologies and lead the development of the industry. During the reporting period, Weichai Power cooperated with Swiss Speed Group in strategic cooperation to further extend the layout of the fuel cell industry chain and improve the core competitiveness of the fuel cell powertrain. Build a world-class industrial park with R & D, testing, inspection, trial production and other functions, forming a complete industrial chain inspection and testing capability covering hydrogen fuel cell "basic materials-single cell-stack-key components-engine-power system-whole vehicle"; in March 2021, the National fuel Cell Technology Innovation Center led by Weichai Power was approved.
Give full play to its advantages, promote commercial application in a down-to-earth manner, and achieve substantial breakthroughs in the three major technological routes and products. During the reporting period, new plug-in hybrid products were put on the market and batch orders were obtained; heavy trucks equipped with 160kW hydrogen fuel cell system completed the cold zone test; power batteries were equipped with high-end market segments such as aerial work vehicles, airport tractors, forklifts and exported in batches, and Weichai New Energy Power system was equipped with the world's first pure electric bulldozer.
Seize the opportunity, continue to optimize the structure of the heavy truck
During the reporting period, Weichai Power revolved around the strategy of driving the whole vehicle and the whole machine, persisted in innovation-driven, seized the opportunities of the sixth National students, and consolidated the leading advantage. Shaanxi heavy truck Co., Ltd., a holding subsidiary, takes customer demand as the center, takes the upgrading of laws and regulations as the guidance, and promotes the adjustment and optimization of product structure. A total of 117000 heavy trucks were sold in the first half of the year, an increase of 32.4 percent over the same period last year, with logistics vehicles accounting for 61 percent. In the tractor economic market, port traction market, sand and gravel transport market and other market segments continue to maintain the leading edge of the industry.
The contribution is increased, and the intelligent logistics raises the outlook for the whole year.
In the first half of 2021, thanks to the recovery of industrial vehicles and services and the continued growth of supply chain solutions, Weichai Power overseas holding subsidiary KION Group AG ("Kaiao") performed well in all operating indicators, achieving sales revenue of 4.968 billion euros, a year-on-year increase of 26.5%. In particular, the sales of supply chain solutions represented by Dematek increased by 52.8% compared with the same period last year. The net profit was 290 million euros, an increase of 4.8 times over the same period last year, and the contribution to Weichai Power's return net profit increased significantly. As the global economy picks up, it is expected to continue to pick up, with full-year operating revenue expected to grow by 16% to 9.7 billion-10.3 billion euros compared with the same period last year.
Science and technology are self-reliant and take advantage of the potential to take off
In the second half of the year, around the 2030 strategy, Weichai Power will seize new opportunities in the sixth national market, accelerate technological upgrading and products to the high end, give full play to the advantages of the whole vehicle, and achieve a carry-on increase in engine market share; support the strong recovery of intelligent logistics and strategic landing in the Asia-Pacific region; speed up the landing of new energy and intelligent network couplings, significantly enhance the contribution of performance such as hydraulic and large-diameter engines, and promote new breakthroughs in structural adjustment.