Prior to the commencement of the Shandong Heavy Industry·Weichai Power Global Partner Conference, Shandong Heavy Industry Group held a press conference to outline preparations for the event. The conference addressed journalists’ inquiries regarding new perspectives, plans, and initiatives concerning global industry trends, international operations, win-win industrial chain collaboration, and the group’s new brand strategy. Wang Zhijian, Deputy Party Secretary and General Manager of Shandong Heavy Industry Group, attended the conference alongside senior executives from affiliated enterprises and partner representatives.
Wang Zhijian responded to questions from journalists representing Xinhua News Agency, China Central Television (CCTV), Science and Technology Daily, and the People’s Daily.
Regarding the Group’s core competitiveness, from January to September, the Group achieved operating revenue of nearly 440 billion yuan, representing a year-on-year increase of over 9%. Its core strengths lie in: – Persisting in technological innovation to build product competitiveness in technology, quality, and cost; – A fully integrated industrial chain layout featuring high synergy between powertrain systems and complete vehicles/machinery; – Establishing a global industrial footprint resilient to market and economic fluctuations; – Cultivating a team culture characterized by passion for action and relentless pursuit of excellence.
Regarding the globalization of Chinese manufacturing enterprises, China’s equipment manufacturing sector has achieved remarkable progress over the past two decades, developing product competitiveness through extensive independent innovation and proprietary patents. From core powertrains and three-electric systems to commercial vehicles and construction machinery, it possesses competitive advantages fully on par with world-class enterprises. The “Hospitality Shandong, Quality Shandong” brand initiative has cultivated a favorable ecosystem for our international expansion. Shandong Heavy Industry steadfastly pursues innovation-driven development, deep localization, and brand elevation strategies while upholding ESG social responsibilities—ensuring our overseas operations are both robust and sustainable.
Regarding the win-win ecosystem across the entire industrial chain, “WeareOne” embodies SHIG’s global cooperation philosophy. This conference brought together the Group’s global strategic suppliers and distributors to convey a unified message to customers worldwide: by prioritizing rapid response to customer needs, we will collaborate across the entire industrial chain to accelerate R&D, advance application deployment, and deepen localized operations, jointly seizing future market opportunities.
Regarding the Group’s new brand identity, the corporate brand serves as a powerful endorsement for all affiliated enterprises, providing robust support and resources like nourishment from a mighty tree. Each sub-brand operates independently to expand its market presence and influence within specific segments. The synergy between parent and sub-brands empowers end customers and partners across the supply chain.
Shandong Heavy Industry Deputy General Manager Zhang Gengsheng responds to a question from an Indonesian journalist.
Regarding Shandong Heavy Industry’s export operations, from January to September, the company achieved export revenue of 72.7 billion yuan, representing a year-on-year increase of 6% to 7%. The annual target is projected to reach 100 billion yuan. Facing the complex and challenging global landscape ahead, Shandong Heavy Industry Group will seize strategic opportunities in Southeast Asia, Africa, the Middle East, and Latin America. The group will deepen its engagement in international markets and comprehensively advance the deep localization of its teams, management, manufacturing, and R&D.
Ma Changhai, Deputy General Manager of Shandong Heavy Industry and Chairman and General Manager of Weichai Group, responded to questions from reporters from People’s Daily and Phoenix Satellite Television.
Regarding growth in the power systems business, Weichai Group’s revenue for the first three quarters reached nearly 250 billion yuan, a 6% year-on-year increase. This was primarily driven by high growth in revenue from data center power generation, new energy, and engine exports, which rose by 400%, 84%, and 30% respectively, indicating substantial future development potential.
Regarding overseas industrial development, all overseas enterprises acquired through Weichai’s investments have achieved profitability. Overseas operations now account for 46% of total business, with a multinational index reaching 40.93. The key to Weichai’s strategic win-win with overseas subsidiaries lies in deep synergy between localized investment and domestic production implementation, vigorously promoting the “WeareOne” culture.
Liu Zhengtao, Chairman of China National Heavy Duty Truck Group, responds to questions from China Automotive News and Shandong TV reporters.
Regarding export operations, from January to September this year, China National Heavy Duty Truck Group exported 111,000 heavy-duty trucks, marking a 24.5% year-on-year increase. This performance solidifies its position as China’s top heavy-duty truck exporter for the 21st consecutive year. Notably, September alone saw truck exports surpass 15,000 units for the first time, setting a new export record for China’s heavy-duty truck industry. Cumulative domestic and international heavy-duty truck sales reached 225,000 units, up 20% year-on-year, securing the company’s first-ever global leadership in heavy-duty truck sales.
Regarding future growth expectations, supported by robust independent R&D capabilities, a comprehensive marketing and service network, and intelligent manufacturing capabilities, Sinotruk will continue to maintain its leading position in exports. The company aims to achieve simultaneous breakthroughs in both quality and quantity in high-end markets, ensuring the completion of this year’s export target of 150,000 units and further consolidating its leading position in China’s heavy-duty truck industry.
Zhi Baojing, General Manager of Shaanxi Heavy Duty Truck Company, responded to questions from Securities Daily reporters.
Regarding heavy truck export operations, Shaanxi Heavy Duty Truck ranks second in China’s heavy truck industry for exports. The global market holds significant growth potential. To expand market share, the company will: First, deepen overseas industrial布局 and accelerate localized production abroad to more precisely meet customer demands. Second, achieve breakthroughs in high-end markets by leveraging new products and enhancing technology to break commercial barriers and expand market reach.
Zhang Min, General Manager of Shantui Co., Ltd., responded to questions from China Securities Journal reporters.
Regarding global industry development, over the next 3-5 years, the global construction machinery sector will encounter significant market opportunities. This growth is driven by both external factors such as infrastructure and energy projects, and internal drivers including industry-wide intelligent upgrades and the transition to new energy. Shantui will leverage the engine and high-end hydraulic component capabilities of its parent group, combined with its industry-recognized strengths in chassis and structural components. Guided by its AI strategy, Shantui will build sustained product leadership to strengthen and expand its international market presence.
Wang Guimin, Chairman of Weichai Lovol Smart Agriculture, responds to questions from Farmers Daily reporters.
Regarding the advancement of China’s agricultural machinery industry, Weichai Lovol Smart Agriculture will benchmark against world-class standards, focusing on three key areas: technological innovation, quality enhancement, and global expansion. We will break through core technologies in high-end agricultural machinery and smart agriculture, elevate R&D, manufacturing, and process capabilities, accelerate localized manufacturing under the Belt and Road Initiative, and further lead the global expansion of China’s high-end agricultural machinery manufacturing.
Wang Xingfu, Chairman of Zhongtong Bus, responds to questions from China Bus Network reporters.
Regarding high-end bus exports, from January to September, Zhongtong Bus’s export revenue grew by 40% year-on-year, leading the green transportation transition in markets such as Chile, the United Arab Emirates, Singapore, and Denmark. Leveraging the research, production, supply, sales, and service resources of Shandong Heavy Industry Group, Zhongtong will accelerate its international development strategy, upgrading from product sales to brand building, and continue to focus on high-end products and premium markets.
Huang Wenxi, Chairman of Philippine High Energy Times Co., Ltd., responded to questions from a reporter from Hong Kong Wen Wei Po.
Regarding strategic cooperation, High Energy Times Corporation is the largest distributor of trucks and construction equipment in the Philippines. Since initiating collaboration with China National Heavy Duty Truck Group in 2012, it has progressively expanded partnerships with Weichai Power and Lovol Heavy Industry. From an initial order of 200 heavy-duty trucks, the company now anticipates over 6,000 units this year, achieving mutually beneficial outcomes. Shandong Heavy Industry stands as a key global industry leader. Moving forward, we will deepen our collaboration to develop products tailored for this region, jointly navigate the new energy transition, and continuously enhance product sales and brand influence.
