Shandong Heavy Industry Group Holds Global Partners Conference Press

On October 17, ahead of the opening of the Shandong Heavy Industry · Weichai Power Global Partners Conference, Shandong Heavy Industry Group held a press briefing to introduce the preparations for the Global Partners Conference. The briefing addressed questions from journalists on new insights, plans, and initiatives regarding global industry trends, international business, win-win industrial chain collaboration, and the new brand strategy. Wang Zhijian, Deputy Party Secretary and General Manager of Shandong Heavy Industry Group, attended the briefing along with executives from affiliated companies and representatives of partner organizations.

Wang Zhijian responded to questions from media outlets including Xinhua News Agency, CCTV, Science and Technology Daily, and Dazhong Daily.

Regarding the Group's core competitiveness, the Group achieved revenue of nearly 440 billion yuan in the first nine months of the year, a year-on-year increase of over 9%. Its core advantages lie in adhering to technological innovation to build product competitiveness in technology, quality, and cost; in the fully integrated industrial chain layout that highly synergizes power systems with complete vehicles and machinery; in establishing a global industrial layout that effectively withstands market and economic fluctuations; and in fostering a team culture characterized by passion and striving for excellence. Regarding the globalization of Chinese manufacturing enterprises, China's equipment manufacturing industry has made rapid progress over the past two decades, possessing product competitiveness driven by extensive independent innovation and proprietary patents. From core power systems and three-electric systems to commercial vehicles and construction machinery, it fully possesses competitive advantages comparable to those of world-class enterprises. The branding of "Friendly Shandong, Quality Shandong" has created a favorable ecosystem for our global expansion. Shandong Heavy Industry consistently adheres to innovation-driven development, a deep localization strategy, and a brand upgrade strategy, while practicing ESG social responsibilities to ensure solid and sustainable growth overseas.

Regarding the win-win ecosystem of the entire industrial chain, "We are One" is Shandong Heavy Industry's global cooperation philosophy. This conference brings together the Group's global strategic suppliers and distributors to convey a message to global customers: with the goal of rapidly responding to customer needs, we will join hands with the entire industrial chain to accelerate R&D, advance application pre-positioning, and deepen localization layouts to seize future market opportunities together.

Regarding the Group's new brand logo, the Group's brand can endorse all affiliated enterprises, providing robust support and resources like a strong tree. Each sub-brand operates independently, continuously expanding its brand image and influence in segmented markets. The synergy between the parent and sub-brands will better empower end customers and upstream and downstream industrial chain partners.

Zhang Gengsheng, Vice President of Shandong Heavy Industry, responded to questions from Indonesian media.

Regarding Shandong Heavy Industry's export business, export revenue reached 72.7 billion yuan in the first nine months, a year-on-year increase of 6%–7%, with the full-year target expected to reach 100 billion yuan. Facing the complex and severe global landscape ahead, Shandong Heavy Industry Group will seize strategic opportunities in Southeast Asia, Africa, the Middle East, and Latin America, deepen international market presence, and comprehensively advance the deep localization of teams, management, manufacturing, and R&D.

Ma Changhai, Vice President of Shandong Heavy Industry and Chairman and General Manager of Weichai Group, responded to questions from People's Daily and Phoenix TV.

Regarding the growth of the power systems business, Weichai Group achieved revenue of nearly 250 billion yuan in the first three quarters, a year-on-year increase of 6%, driven by high growth rates of 400%, 84%, and 30% in data center power generation, new energy, and engine export businesses, respectively, indicating significant future potential. Regarding overseas industrial development, all of Weichai's overseas invested and acquired companies are profitable, with overseas business accounting for 46% of total revenue and the transnational index reaching 40.93%. The key to Weichai's strategic win-win synergy with overseas subsidiaries lies in adhering to the deep integration of localized investment and domestic implementation, while strongly advocating the "We are One" culture.

Liu Zhengtao, Chairman of China National Heavy Duty Truck Group (CNHTC), responded to questions from China Automotive News and Shandong TV.

Regarding export business, in the first nine months of this year, CNHTC exported 111,000 heavy trucks, a year-on-year increase of 24.5%, maintaining its position as China's top heavy truck exporter for the 21st consecutive year. In September alone, heavy truck exports exceeded 15,000 units for the first time, setting another new record for China's heavy truck industry exports. Total domestic and international heavy truck sales reached 225,000 units, a year-on-year increase of 20%, achieving a leading position in the global heavy truck industry for the first time. Regarding future growth expectations, leveraging strong independent R&D capabilities, marketing and service networks, and intelligent manufacturing capabilities, CNHTC will continue to maintain its leading position in exports, achieving breakthroughs in both quality and quantity in high-end markets. This year, it aims to ensure the completion of the export target of 150,000 units, further consolidating its leading position in China's heavy truck industry.

Wang Xingfu, Chairman of Zhongtong Bus, responded to questions from www.chinabuses.org.

Regarding the export of high-end buses, Zhongtong Bus's export revenue grew by 40% year-on-year in the first nine months, leading the green transportation transition in markets such as Chile, the UAE, Singapore, and Denmark. Zhongtong will leverage the R&D, production, supply, sales, and service resources of Shandong Heavy Industry Group to accelerate its international development layout, transitioning from selling products to building brands, and continuously advancing into high-end products and markets.

Huang Wenxi, Chairman of Philippine High Energy Times Co., Ltd., responded to questions from Hong Kong Wen Wei Po.

Regarding strategic cooperation, High Energy Times Co., Ltd. is the largest truck and construction equipment distributor in the Philippines. Since starting cooperation with CNHTC in 2012, it has expanded collaborations with Weichai Power generator sets and Lovol Heavy Industry. From an initial order of 200 heavy trucks, it is projected to reach over 6,000 units this year, achieving win-win cooperation. Shandong Heavy Industry is a key global leader in the industry, and we will further deepen our cooperation, develop products tailored to the local region, jointly address the new energy transition, and continuously enhance product sales and brand influence.