On the evening of July 2，Weichai Power Announces 2023 Semi-annual Performance Forecast，Benefiting from the improvement of domestic economy and the strong demand of export market，The company expects to achieve a net profit of 35% attributable to shareholders of listed companies in the first half of the year..8.7 billion yuan to 40.6.5 billion yuan，Year-on-year growth of 50%To 70%；Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses amounted to RMB3.3 billion to RMB3.8 billion..700 million yuan，Year-on-year growth of 105%To 140%。

Relevant person in charge of Weichai Power《Securities Daily》The reporter said，Since the beginning of this year, the demand of China's heavy truck industry has recovered.，In this context，The company continues to promote product and business structure adjustment.，Strong breakthrough in the strategic market，Sales of related products showed a rapid growth trend.，The contribution of strategic emerging businesses such as large cylinder bore and hydraulics is increasing.，Jointly promote the performance to achieve a substantial year-on-year growth。

Talking about the next development of the industry，Huaan Securities analyst Yin Yanji said.，Heavy truck sales are in the stage of recovery growth this year.，The next year or so may enter a period of rapid upward movement.。

Industry boom upward

After the trough of the past two years,，In 2023, the heavy truck industry recovered.，In the first half of this year, the industry boom showed an upward trend.。

According to CAAC and First Commercial Vehicle Network，In the First Half of 2023, China's Heavy Truck Industry Achieved Sales Volume of 47.40,000，Year-on-year growth of 25%，In 2022, the annual sales volume of heavy trucks was only 67.190,000。This past June，Heavy truck industry sales increased by 31.%To 7.About 20,000，This is the fifth month of year-on-year growth in the heavy truck market since February this year.。

The reasons for the overall recovery of the industry in the first half of the year，The analysis points out，This is mainly due to the gradual recovery of the domestic economy and the strong export demand.。

Yin Yanji said，Moderate demand for infrastructure investment and logistics transportation this year，Heavy truck industry is in the stage of recovery growth。

Demand in overseas markets continues to grow.，It opens up the incremental space of the heavy truck industry.。“Since 2021, China's heavy truck exports have shown explosive growth.。”Northeast Securities analyst Li Hengguang said.，This is mainly because the recovery of domestic automobile production and consumption in the past few years is better than that of overseas.，And“The Belt and Road”Continuous promotion and improvement of China's heavy truck product strength。

Facing overseas market opportunities，Strong Breakthrough in the Export Market of Weichai Power Related Products。First quarter of this year，Company Engine Export 1.80,000 units，Year-on-year growth of 59%；Heavy truck export 1.30,000，Year-on-year growth of 164%。The relevant person in charge of the company《Securities Daily》The reporter said，The current export situation continues to improve.，It will also push the company to achieve its annual export target.。

For the future development prospects of the heavy truck industry，According to the latest research report of Southwest Securities，The demand for heavy truck replacement delayed in 2022 is gradually released.，Superimpose the development of overseas markets by domestic automobile enterprises，Recovery will remain the main line of the heavy truck industry this year.。Some people in the industry believe，With September、October“Small peak season”The arrival of，The heavy truck industry will see a marked improvement in the second half of the year.。

Yin Yanji thinks，Accelerating the process of macroeconomic recovery，Construction vehicles related to investment and logistics vehicles related to express delivery will continue to grow.。At the same time，At“By 2025, the proportion of new energy and national six emission standard trucks will strive to exceed 40 percent%”Under the objective constraint of，Superimpose three countries、Catalysis of the Fourth National Elimination Policy，Renewal and replacement demand will strongly support the recovery of heavy truck market。

Diversified layout promotes growth

Weichai Power achieved substantial growth in performance in the first half of this year.，It is also inseparable from the development of its diversified new formats.。According to introduction，Since this year，The new format of Weichai's power layout continues to maintain a strong growth momentum.，Focus on large bore engine、Strategic development of high-powered engines and export business areas，Heavy truck engines are gradually undergoing structural transformation to high horsepower and large displacement.，The profit contribution of the related layout is accelerating.。

Among，As“Ballast stone”Heavy truck engine plate，On the one hand，The first half of the year was driven by favorable factors such as the decline in natural gas prices.，Sales of natural gas heavy truck engines in Weichai Power Advantage Market increased significantly year on year.，Have a positive impact on the market share of the company's heavy truck engine；On the other hand，The company continues to increase high-end high-powered strategic market expansion.，The level of market share has been greatly improved.。

The large-bore engine is a strategic business development.“New Heights”，Sufficient power with its products、And that economic performance is excellent，Win the favor of domestic and foreign markets，The continuous increase in production capacity has also boosted market share.。The company believes that，Next 3 to 5 years，The company will continue to increase market development efforts.，Further increase market share，Continue to maintain high annual growth。

At the same time，The high-end hydraulic pressure of Weichai Power is speeding up the localization in an all-round way.，First quarter of 2023，The business sector achieved sales revenue of 300 million yuan.，Year-on-year growth of 67%，After entering the second quarter, the development momentum is still strong.。The company said，Next, it will continue to play the advantages of high-end hydraulic power assembly.，Continuously improve market reputation，Support and continue the high-speed growth trend。

In addition，Weichai Power is also fully deployed in the field of new energy.，In pure electric、It has perfect technical reserves in many technical routes, such as hybrid and fuel cell.，And actively promote the commercial application of new energy products。“This is an important layout for the company to meet the challenge of energy diversification.，Fully ensure that the company's powertrain business is always in the forefront of the industry。”The aforementioned person in charge of the company《Securities Daily》The reporter said。