Weichai Power's Q1 operating income reached 6.166 billion yuan in 2009
Weichai Power Co., Ltd. released its 2008 and 2009 first quarter results on April 28, 2009. The company still achieved excellent results under the economic crisis environment. The company's product sales and sales revenue steadily climbed, setting a record high. While maintaining a good financial position and abundant cash flow, the company's various business indicators continue to rank first in the industry. In 2008, according to the Chinese Accounting Standards for Business Enterprises, Weichai Power achieved operating revenue of 33.128 billion yuan, an increase of 13.2% compared to the same period in 2007; and the net profit attributable to shareholders of the parent company was 1.931 billion yuan, a slight decrease of 4.4% year-on-year; earnings per share 2.32 Yuan, and intends to send a cash dividend of 0.13 yuan per share to all shareholders of the company. In the first quarter of 2009, Weichai Power achieved an operating income of 6.166 billion yuan, net profit attributable to shareholders of the parent company was 361 million yuan, and earnings per share was 0.43 yuan. Business review As the most powerful auto parts and power assembly system industry group in China, Weichai Power's flagship includes China's No. 1 brand engine, No. 1 brand transmission and No. 1 brand heavy-duty car sedan, with obvious market advantages and brand influence. force. In 2008, due to the negative impact of the global economic crisis and the cyclical structural adjustment of China's economy, the economic growth slowed down and the demand for the machinery manufacturing industry shrank significantly. However, the company made early warnings and responded positively and conducted market research to fully tap the internal potential. The powertrain segment with engines, transmissions, and axles as its core continued to maintain a steady growth momentum, further consolidating the company’s leading position in the 14-ton-plus heavy truck and 5-ton and above loader matching markets. The heavy-duty auto segment continued to maintain a steady rise, while the overall stability of the automotive electronics and components segment became a stable performance contribution point for the company. On the other hand, due to factors such as the sharp increase in the prices of raw and auxiliary materials such as steel and plastics, the sharp decline in the production and sales of products in the second half of the year, especially in the fourth quarter, and the increase in high-cost inventory, the company's provision for asset impairment losses, etc. Chai Power’s 2008 profitability declined slightly. Powertrain segment has obvious advantages and market competitiveness is further improved The engine segment continued to maintain extremely high competitiveness, and a number of operating indicators hit a record high. As of December 31, 2008, the total engine sales for the year amounted to 296,000 units, a year-on-year increase of 20.8%. In particular, the sales of heavy truck engines reached 197,000 units, an increase of 19.3 percentage points over the industry. The market share of heavy-duty trucks with more than 14 tons is 36.5%. The company’s engineering machinery engine sales reached 88,000 units, and the 5-ton and above loader market continued to maintain its leading position in the industry. The transmission segment continues to maintain its leading position in the heavy-duty automotive market. In 2008, sales volume reached 465,000 units and the market share reached 86%. Fast has now become the world's largest manufacturer and supplier of automotive transmissions. Its operating indicators have ranked first in the national gear industry for seven consecutive years. The annual output of heavy-duty transmissions ranks first in the world for three consecutive years and is widely exported internationally. market. In the axle segment, Hande Axle is the first brand of heavy-duty axles in China, and has a significant market advantage in the drive axle market above 13T. Heavy-duty vehicle sales increase steadily, and product exports have soared Shaanxi Heavy Duty Truck sold 44,000 heavy trucks throughout the year. In 2008, it vigorously explored the international market and exported 13,000 heavy-duty vehicles throughout the year, which represented a doubling growth. Actively promote the upstream and downstream cooperation of the industrial chain and stabilize the supporting market In June 2008, Weichai Power signed a Strategic Cooperation Framework Agreement with Beiqi Foton Motor Co., Ltd. (600166, Shares) Co., Ltd. The two parties will cooperate closely in product support, new product development, service network, and technology research and development. In order to complement and share resources, in July 2008, Weichai Power signed a strategic cooperation agreement with Baotou Beiben Heavy-duty Truck Co., Ltd., becoming the only power system supplier for its domestic brands, effectively consolidating the stability of downstream supporting markets. Keeping up with the trend of energy conservation and environmental protection, entering the new energy industry In 2008, Weichai Power introduced a foreign-owned company, Westport Innovations Inc., which owns the core technology of new energy engines, and invested in a joint venture to establish Weichai Power Westport New Energy Engine Co., Ltd., further extending the industrial chain and creating a global high-power high-speed heavy truck. The new energy companies with vehicles have laid a good foundation. The capital market is a long-term dance, taking the first step in cross-border mergers and acquisitions Following the successful entry of the Hunan Torch in 2005, Weichai Power successfully acquired the French Boduuan Engine Company in January 2009 for a price of 2.99 million euros, and successfully took the first step in cross-border mergers and acquisitions. As a production and R&D enterprise of a 16-33L high-power engine, Baudouin provided complementary commercial advantages with Weichai Power. After the acquisition, Weichai Power will be able to use Borudian's products, technologies and brands to further explore the foreign market. In addition, the experience of product development and technology management of Baudouin's global development positioning can also further expand the product range of Weichai Power and promote the coordinated development of its business. New products continue to be introduced, and product portfolios have strengthened In 2008, Weichai Power's advanced national standard for three years successfully developed the high-power, high-speed engine of the National V emission standard, further establishing the company's leading position in the internal combustion engine industry. At the same time, in order to further expand the industrial chain, the company successfully launched the WP5/WP7 two small and medium-power engines in 2008, which has become an ideal driving force for medium and small passenger cars, medium and heavy trucks, excavators, etc. The company’s R&D capabilities have been further enhanced and its product portfolio has been competitively advanced. more obvious. While consolidating the heavy-duty vehicle market, Fast has successfully launched small-eighth-speed, small-eighth-speed medium and light-duty trucks, agricultural vehicles and passenger car transmissions, with updated configurations and higher cost-effectiveness. Its monthly output has exceeded 10,000 units. Become the company's new economic growth point and market highlights. The newly launched 2009 second-generation national III heavy truck of Shaanxi Heavy Duty Truck provided a new intelligent, high-performance and low-cost solution for the market, creating a new era of intelligent fuel economy, and the MAN F3000 and the double crown The launch is also highly recognized by the market. Looking ahead, the outlook is still promising Looking forward to 2009, China's real economy will face its own periodic adjustment, and will be affected by the global financial crisis. Domestic demand will decrease, exports will decline, and investment confidence will be insufficient. Weichai Power's industry is facing a severe external environment. However, due to China's huge economic growth potential, it still belongs to one of the fastest growing countries in the world. The overall performance is still good. The introduction of the national 4 trillion economic stimulus package and industrial revitalization plan will lead to economic recovery, which will in turn drive cargo volume and freight transport. Increased turnover. In addition, the implementation of the fuel tax, the implementation of the toll-by-weight system, and the switching of the National III standard will shift the heavy trucks to large tonnage and promote the upgrading of the industrial structure. In the future, more cost-effective Chinese products still enjoy a clear competitive advantage in the export market. 2009 is a year in which both opportunities and challenges coexist. As the most powerful auto parts and power assembly system industry group in the country, Weichai Power can fully rely on existing engine, transmission, axle and other powertrain products. Through continuous improvement of research and development capabilities, we will further consolidate and enhance our diversified, competitive, synergistic, scale, and brand influence.
Description:: Hydraulic Cylinder Machined Port, Head, Rod End, Cylinder Body, Clevis Hydraulic Cylinder Components,Cylinder Component Casting,Cylinder Repair Parts Casting,Hydraulic Cylinder Component Parts J.B MACHINERY (NINGBO) CO., LTD. , https://www.jbcastings.com
Material :: Steel bar / cast iron / Stainless steel casting / Forging
Standard :: ASTM, AISI, BS, JIS standard.
MFG process:: Casting / Forging + CNC Machining
Application:: Heavy Duty Hydraulic Cylinders
Key features:: Min.2800 kpa hydraulic pressure Yield strength (Min) :: 350mpa - 540 mpa