Weichai Power

Tobacco and roadside pollution more dangerous than bird flu

Best friends forever.

Given the rising concern over bird flu, it is worth recalling that there are other bigger killers in Hong Kong. In the past two weeks in which nine deaths have been recorded, Hong Kong's dirty air has led to 123 avoidable deaths.

Monday, 8 July, 2013, 12:25pm

Weichai Power to invest in truck firm

Weichai Power, a mainland automotive and equipment manufacturer, will invest €738 million (HK$7.17 billion) in Kion Group, a German truck maker.

The agreement, which clears the way for the largest investment by the mainland in Germany to date, was signed yesterday in Wiesbaden, Germany, where Kion is headquartered, while German Chancellor Dr Angela Merkel is visiting China.

1 Sep 2012 - 3:05am

Sinotruk to reduce debt with listing proceeds

Sinotruk (Hong Kong) will lower its debt-equity ratio to 55 per cent from 82.2 per cent after its initial public offering this month.

'Our gearing will decline substantially after raising money from the stock market,' executive director and president Cai Dong said.

15 Nov 2007 - 12:00am

Weichai eyes export rise as earnings soar

Weichai Power, one of the mainland's leading diesel engine makers, will boost exports to maintain earnings growth after reporting an almost threefold surge in first-half profits.

'We aim to raise export sales to 20 per cent of total revenue in the next three to five years from about 5 per cent now,' chairman and chief executive Tan Xuguang said yesterday.

30 Aug 2007 - 12:00am

Weichai turns bullish as profit surges 128.5pc

Weichai Power, one of the mainland's leading diesel engine makers, said an earlier forecast for a 32 to 42 per cent jump in net profit this year was a little conservative after it reported a 128.5 per cent surge in first-quarter profit.

3 May 2007 - 12:00am

Chalco, Weichai shares soar amid buying frenzy

Buoyed by frenzied mainland investors, shares in Aluminum Corp of China (Chalco) surged 180.45 per cent on their Shanghai trading debut yesterday while diesel engine maker Weichai Power's shares soared 217.2 per cent on their first day on the Shenzhen market.

1 May 2007 - 12:00am

Weichai weathers loss of top customer

Weichai Power, a Shandong-based engine supplier, said first-half profit grew 27.4 per cent as it secured new orders after the loss of its leading customer, China National Heavy Duty Truck.

Net profit increased to 318.74 million yuan as turnover jumped 8.22 per cent to 3.49 billion yuan. An interim dividend of 20 fen was declared.

1 Sep 2006 - 12:00am

Wheel could be turning again for Weichai

The heavy truck industry in China is highly correlated with economic growth and is closely related to the property development, infrastructure and transport sectors. Demand for heavy trucks often exhibits clear industry cycles, accelerating for a few years and then decelerating; in extreme cases, demand even shrinks for a year or two.

18 Jun 2006 - 12:00am


About a year ago policy risks prompted Morgan Stanley to downgrade its recommendation on Weichai Power, a manufacturer of heavy-duty engines in China, to 'equal weight V', meaning the stock's return was expected to be only in line with the China MSCI index return over the next 12 to 18 months.

28 May 2006 - 12:00am

Weichai in bid to lift stake in associate

Heavy-duty engine producer to raise holding in truck maker for 684m yuan

Weichai Power, one of China's largest makers of engines for heavy-duty trucks, is to tighten its grip on a truck manufacturing associate for 684.75 million yuan.

15 May 2006 - 12:00am

Weichai chief confident on targets

Despite posting a drop in last year's profit, engine supplier says it is on track to meet current sales goals

Shandong-based truck engine supplier Weichai Power said first-quarter sales of 41,000 units were 2,000 more than in the same period last year and it was confident of reaching its target of 130,000 units this year.

20 Apr 2006 - 12:00am

Weichai Power cleared to split from parent amid souring ties

Hong Kong-listed truck engine producer Weichai Power has gained approval to split with its parent company - China National Heavy Duty Truck Group (CNHDT) - which is preparing for a red-chip listing.

The parent company's stake in Weichai will be transferred to an administrative unit of the Shangdong provincial government, according to a filing with the stock exchange yesterday,

24 Mar 2006 - 12:00am

Weichai acquires truck maker

Weichai Power, one of China's largest makers of engines for heavy-duty trucks, will take control of Torch Automobile Group, the truck production unit of collapsed D'Long Group.

10 Aug 2005 - 12:00am

State policy shift to push engine firm into top gear

Mainland diesel-engine maker Weichai Power has set a sales growth target of 50 per cent this year, banking on state policies to encourage the use of highways and a crackdown on overloaded trucks.

Chairman Tan Xuguang said he expected the policies to drive demand for larger capacity engines, in which his firm enjoys a dominant market share.

25 Aug 2004 - 12:00am