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In 2016, under the background of the new economic normal and supply-side structural reforms, Weichai Group strived to promote structural adjustment, transformation and upgrading, took the lead in achieving “V†reversal, entered a new round of growth period, and achieved business throughout the year. Income is 134.1 billion yuan.
Thanks to strong research and development capabilities and market pre-judgment capabilities, Weichai has seized market opportunities and quickly adjusted its product mix, mainly pushing large-displacement engines, high-speed standard-loaded logistics heavy trucks, and electric forklifts and warehouse forklifts. The 12/13 litre engine sales in 2016 increased 112.9% year-on-year, accounting for 27.6% of the total sales, leading the industry's large displacement development trend. The sales volume of the 12-16-speed transmissions increased by 41.0% year-on-year, accounting for 48.1% of the total sales, leading the industry to multi-position development. The sales volume of tractor/cargo trucks increased by 66.9% year-on-year, accounting for 69.7% of the total sales volume. The transformation from engineering experts to logistics specialists. Sales volume of electric/storage forklifts increased by 10.2% year-on-year, accounting for 83.0% of total sales, and the advantages of intelligent storage further highlighted.
In addition to the adjustment of product structure, the acceleration of internationalization is also an important engine for Weichai to achieve V-version reversal. In 2016, Weichai Group's overseas M&A subsidiaries all achieved profitability, and contributed nearly half of the parent company's annual revenue. This year, Weichai's overseas mergers and acquisitions took another step and became the global leader in the overall solution for internal logistics 4.0 through the acquisition of Dematic.
2016 Weichai Group's Overseas M&A Subsidiaries All Profitable
Innovation drives development, and independent innovation injects strong internal forces into the company. In 2016, Weichai Group relied on the State Key Laboratory of Reliability of Internal Combustion Engines to continuously overcome key technologies and vigorously promote high-end products. At the same time, we will fully promote "Made in China 2025", intelligently meet the individual needs in the entire process, and create intelligent manufacturing "weed model." Through the global collaborative R&D, smart factory, and post-market service big data platform, we have realized product life cycle management and become a national benchmarking company for smart manufacturing.
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