450 days、10000 an hour，What can happen？

Weichai Group's Italian Ferretti Group has created a new paradigm in the global capital market.！Following its listing on the Hong Kong Stock Exchange on March 31, 2022，June 27, 2023, Beijing Time，Ferretti Group of Italy is officially listed on the Euronext Milan，Only 450 days apart。

“ Hong Kong +Milan”Dual listing of two major international financial centers，“Europe+ Asia ”Dual-core parallel wave of the world，Ferretti Group of Italy Takes a Step Forward，Also let the helmsman Tan Xuguang once again stand in the spotlight.。

As the saying goes：Those who are good at playing games seek power,Those who are good at planning will go far。Ten years of operation Ferretti，Tan Xuguang's vision is more than that.。What he values more，In a highly competitive global manufacturing system，How to break through the global value chain“Low side lock”，Complement the short board of industry and build a new ecological industry chain，Pave the way for a comprehensive entry into the global high-end power market。

Three“First time in the world”Create a model of dual listing

At the Ferretti Group“On”Have a bright label，That's the yachting world.“Rolls Royce”，A recognized leader in the global superyacht industry。

March 31, 2022，Ferretti Group is listed on the Hong Kong Stock Exchange，Become the only Italian company listed on the Hong Kong Stock Exchange in the past ten years，Created the first share of top luxury goods in Hong Kong's capital market。Based on the continuous improvement of enterprise operation，To meet the liquidity demands of global investors，Ferretti Group's decision to list on Euronext Milan has been a success.，Created three.“First time in the world”A new breakthrough，Once again, the new path of global capital integration has been created.。

——Become the first company in the world to achieve dual listing in Italy and Hong Kong。After the completion of Ferretti's listing in Hong Kong，Milan was officially launched in October 2022.。As the controlling shareholder of Ferretti Group，Ferretti International Holdings wholly owned by Weichai Group（FIH）Reduction of no more than 28.75%Shares，To support liquidity on Euronext Milan after the dual listing.。Ferretti Successfully Achieved Dual Listing，It has set a new example of global capital interconnection.。

——Created the first dual listing case to solve the electronic problem of Hong Kong stocks.。The Hong Kong stock market allows the existence of paper stocks.，But Italian law requires stocks traded in Italy to be paperless.。This Italian listing，Successfully acquired Italy.、Hong Kong regulatory recognition，Created the first paperless case of Hong Kong stocks。

——It became the first Hong Kong stock company to go to Europe for dual listing in five years.。In recent years，China's listed companies have few dual listings.。Dual listing in Hong Kong and Italy is conducive to optimizing the investor structure of the company.，Diversify the potential risks of listing on a single exchange，Strive for more opportunities and flexibility for future capital operation。

Through a dual listing，Ferretti Group was able to further expand capital market liquidity，Expand investor base in key markets from which the company derives revenue，Attract more potential investors from around the world。The listing of Milan has won the favor of investors.，In the end, 3 euros./Priced issue of shares，The fund raised is about 2.9.2 billion euros。This time，Weichai Group recovers 300 million euros，Full recovery of all investment，And firmly in control of Ferretti.，Create higher value for Weichai Group。

On the complete ecological industrial chain“With you and with him.”

Open the time axis，It can be clearly seen that Tan Xuguang's layout is closely around the complete ecological industry chain.。

2008，When the global financial crisis hit the European and American economies，Tan Xuguang's consideration of structural adjustment，Overcome public opinion with 2.99 million euros“Take down”A marine engine design and manufacturing enterprise with a history of 100 years.——Baudouin, France。This is a global offshore power supplier with a history of more than 130 years.，To produce 16 liters and above high-end、Large bore diesel engine。At that time，Weichai Power Marine Diesel Engines Concentrate on the Low End、Field of small power engine，It is still blank in the field of large-bore engines.，The two sides are highly complementary.。

2010 General Meeting of Shareholders，Tan Xuguang proposed to buy Ferretti Group，Although the response from shareholders was very lukewarm.，But Tan Xuguang has seen from more than 20 years of front-line management practice.，There are not many such opportunities.。“Come on，Take advantage of Ferretti Yachts' popularity and improved sales channels，To pave the way for Weichai to enter the consumer market；Two come，Yacht engines are large bore engines.，High degree of business matching with Weichai，It can complete the layout of Weichai in high-end engines.。”Final，In 2012，Weichai Group successfully acquired Ferretti Group，Finally, it promotes its realization.“ Hong Kong +Milan”Dual listing of two major international financial centers。

During the ten years of operating Ferretti Group,，Tan Xuguang deeply understands the demand for high-end offshore power products.。Large-bore high-speed engine is the representative of the comprehensive level of a country's manufacturing industry.，It has always been the focus of attention of all countries.。A survey report shows that，The global market capacity of large-bore engines can reach 160 billion yuan annually.，The added value is very high，Global share has been monopolized by foreign capital for a long time.，It has always been the short board of our country.。Compared with the low technology content of traditional engines,、Low added value、Low market threshold，Large Bore Engine Is a Breakthrough in the Global Value Chain“Low side lock”A sharp weapon，It is the key factor to reconstruct the global industrial value chain.。

Digestion and absorption into the global high-end power market in an all-round way

February 25 this year，Tan Xuguang hosted a special scheduling meeting of French Baudouin engine business in Weifang.，It disclosed that Weichai had acquired Baudouin in France for 13 years.，The company's operating income has increased by 13 times.，Profitability has been greatly improved。

Weichai acquired France's Baudouin in 2009.，It will take 10 years to complete the development of a full range of large-bore high-speed engines in all fields.，Build“Introduction and absorption-Localization-Re-output”Pattern，More than 4 billion yuan has been invested in the industrialization project of high-end engines with large cylinder diameters.。Nowadays，Weichai large-bore engine has solved the problem of long-term dependence on imports of large-bore power in China.，It has realized the complete substitution of imports from the past to the present.，Weichai high-speed large-bore engines are used in all parts of China.。

At the same time，Weichai has done a good job.“Participate in global competition”Preparation for，Sales of large-bore engines increased by 70% year-on-year in 2022%To more than 8800 units，Revenue increased by approximately 109% year on year%，Overseas market revenue accounted for nearly 70 percent%。Large bore engines are sold to more than 110 countries and regions around the world，Successfully enter the European and American high-end markets with the most stringent emission regulations，Become an important business card of China's equipment manufacturing industry in the world。

Whether it's the Ferretti Group“ Hong Kong +Milan”Double listing，Weichai large-bore engines are sold all over the world.，Every step they take.，They all fit in with Tan Xuguang's words.：“Traditional Manufacturing Industry Must Realize Three Transformations，Transition from low added value to high added value、Transformation from Homogenization to High Quality、Transformation from product following to technology leading。”What Tan Xuguang is pursuing，It is precisely to help China's equipment manufacturing industry move towards the global high-end.。