Weichai Power Co., Ltd.2016.04.16
Weichai Power Co., Ltd.（HK2338, SZ000338）was founded in 2002, with Weichai Holding Group Co., Ltd. as the main sponsor, which attracted qualified domestic and foreign investors. It is the first company listed in Hong Kong's H-share market from Internal combustion engine industry, as well as the first company returned to inland A-share market to achieve further business in China. The company has total assets of 114.87 billion RMB and global employees of 42,000. In 2014, the company achieved sales income of 73.72 billion RMB and total profit of 3.08 billion RMB, ranked 70th of China top 500 enterprises in 2015.
The company always adheres to the operating strategy of using both product management and capital operation as the driving force, and constantly enhances its products' core competitiveness in terms of cost, technique and quality to successfully build a new pattern of joint development consisting of four key sectors — powertrain (engines, transmissions and axles), vehicle engines, hydraulic control and auto parts. Having formed the most complete and most competitive industry chain in the whole Chinese automobile industry and owning the extreme core technology and product in the construction machinery industry, the company has become one of the strongest comprehensive automobile and equipment manufacturing company in China.
The company has formed the Weifang-centered all series power industrial base, the Xi'an-centered heavy-duty vehicle and powertrain industrial base, the Chongqing-centered big-power engine and light-duty vehicle industrial base, and the Yangzhou-centered automobile electronics and parts industrial base. Our brands, such as "Weichai Power engine", "Fast Gear", "Hande Axle" and "Shaanxi Heavy Duty Truck" are playing a leading and dominant role in the relevant domestic market, forming the concentration effect of brands. On September 3, 2012, the company signed the strategic cooperation agreement with one of the world premier industrial forklift truck manufacturer and the global leader of the hydraulic technology -- KION Group Germany, marked the core technologies of enterprise directly into the world's leading level，revolutionized the situation of long-term dependence on imports of China's high-end hydraulic products completely.
The company has won many important national awards. In 2007, the company won the national quality prize. In 2011, "WP10 / WP12 series heavy duty high speed engine and key technology" was awarded as the special award of science and technology progress of China machinery industry, which has changed history of no special award for China internal combustion engine industry. In 2013, the "Key technology and industrialization of heavy-duty and high-speed diesel engine" project won the second prize of the National Science and Technology Progress Award, breaking the technology monopoly of foreign companies in the high-speed and heavy-duty diesel engine field.
Weichai Power takes the lead in passing GJB9001B and ISO/TS16949 quality management system authentication in the same industry, sets up a service network consists of 5000 special maintenance service centers in the whole nation, with 243 overseas service stations, the products are sold well in Russia, Iran, Saudi Arabia, Vietnam, Indonesia and Brazil, more than 110 countries.
Chairman Tan Xuguang was selected as the representative of the tenth ,eleventh and twelfth session of the National People's Congress, got the titles of "May 1st labor medal", "national model worker", "National outstanding entrepreneur", "Ten wealth leader", "Yuan Baohua enterprise management gold medal", "Equipment China meritorious entrepreneurs", "In 2011 ten Chinese innovative personages ", "Excellent Leader of Quality Management". In 2005 and 2010, he was awarded "CCTV's China Economic Figure of the Year". He is also the president of China industrial economic association, the deputy president of China machinery industry federation, the deputy president of China enterprise confederation and China entrepreneurs association, as well as the council chairman of China internal combustion engine industry association.
Weichai Power takes "Green Power, International Weichai" as the mission, and "customer's satisfaction" as the aim, which has formed the enterprise culture of "responsibility, communication, inclusiveness". The corporate vision is to become a sustainably developing world-leading international industrial equipment manufacturing group with core technologies, taking engines and vehicles as the orientation and powertrain system as the core.Website:http://www.weichaipower.com