证券代码：000338 证券简称：潍柴动力 公告编号：2025-071 潍柴动力股份有限公司 七届五次董事会会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 潍柴动力股份有限公司（下称"公司"）于 2025 年 10 月 30 日下 午 3:30，在潍坊市高新技术产业开发区福寿东街 197 号甲公司会议室 召开了七届五次董事会会议（下称"本次会议"），本次会议以现场 表决和通讯表决相结合的方式召开。 本次会议通知于 2025 年 10 月 16 日以电子邮件和专人送达方式发 出。本次会议由董事长马常海先生主持。应出席本次会议董事 14 名， 实际出席本次会议董事 14 名，其中 10 名董事亲自出席本次会议，董 事袁宏明先生书面委托董事长马常海先生，董事张良富先生书面委托 独立董事迟德强先生，董事 Richard Robinson Smith 先生、独立董事赵 福全先生均书面委托独立董事蒋彦女士对董事会所有议案代为投票。 经审查，董事袁宏明先生、张良富先生、Richard Robinson Smith 先生， 独立董事赵福全先生的授权委托合法有效， ...

使用自有资金支付募投项目部分款项 并以募集资金等额置换的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为潍柴动力股份 有限公司（以下简称"潍柴动力"或"公司"）非公开发行股票及持续督导的保荐机构， 根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《深圳证券交易所 股票上市规则》等法律法规的有关规定，对潍柴动力拟使用自有资金支付募集资金投资项 目（下称"募投项目"）部分款项并以募集资金等额置换的事项进行了审慎核查，并出具 核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会核发的《关于核准潍柴动力股份有限公司非公开发行股票 的批复》（证监许可[2021]1407 号），公司非公开发行不超过 793,387,389 股新股。本次发 行实际发行数量为 792,682,926 股，每股面值 1 元，发行价格为每股 16.40 元，共募集资 金人民币 12,999,999,986.40 元，扣除与本次发行有关的保荐承销费、审计及验资费用等发 行费用合计人民币 11,942,705.93 元（不含增值税）后，公司本次非公开发行实际募集资金 净额为人民币 12,988,05 ...

Core Viewpoint - The integration of corporate social responsibility with business models is essential for companies to gain respect, which in turn can enhance brand influence and market competitiveness, ensuring long-term sustainability [1][3]. Group 1: National Economic Development - The "14th Five-Year Plan" emphasizes focusing on the real economy, promoting intelligent, green, and integrated development, and aims to build a strong manufacturing, quality, aerospace, transportation, and network nation [2]. - The development of the real economy is fundamental to national growth, and companies play a crucial role in advancing commercial civilization and social progress [2]. Group 2: Characteristics of Respected Enterprises - Respected companies are distinguished not only by their successful business operations but also by their social responsibility, corporate culture, and brand value [3]. - The ongoing global business environment changes and increasing public expectations highlight the importance of earning respect over short-term profits for long-term survival [2][3]. Group 3: Expert Recommendations - BYD has been highly recommended by experts for its rapid global expansion and local production strategies, positioning itself among the top four global car manufacturers [9]. - Other companies like Keda Xunfei, Fuyao Glass, Haier Group, JD.com, Weichai Power, New Oriental, and Cambricon have also received expert recognition for their contributions and innovations [9][10][11]. - Experts noted that Keda Xunfei is leading in AI integration across various sectors, while Haier is recognized for its global outreach and commitment to sustainable practices [10][11]. Group 4: Public Perception of Respected Enterprises - The public identifies five key internal qualities for companies to be considered respected: establishing correct values, building a robust management system, continuous innovation, shaping a positive corporate citizen image, and providing high-quality products and services [15][16]. - Companies like Beijing Rural Commercial Bank, JD.com, and McDonald's exemplify these qualities through their commitment to social responsibility and brand value enhancement [16][17]. Group 5: Additional Notable Companies - Other respected companies include Moutai Group, Yili Group, and Nestle China, recognized for their high product quality and low carbon emissions [13]. - Traditional companies like Tongrentang and Li Ning have also been highlighted for their commitment to quality and innovation, contributing to their respected status [18].

智通财经APP获悉，香港联交所最新资料显示，10月24日，摩根大通增持潍柴动力(02338)61.0018万 股，每股作价15.0989港元，总金额约为921.06万港元。增持后最新持股数目约为1.17亿股，持股比例为 6.02%。 ...

潍柴动力股份有限公司 2025 年第三季度报告 证券代码：000338 证券简称：潍柴动力 公告编号：2025-070 潍柴动力股份有限公司 2025 年第三季度报告 □是 否 1 潍柴动力股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 期增减 | | 年同期增减 | | 营业收入（元） | 57,418,836,886.58 | 16.08% | 170,57 ...

潍柴动力公告，第三季度营收为574.19亿元，同比增长16.08%；净利润为32.34亿元，同比增长 29.49%。前三季度营收为1705.71亿元，同比增长5.32%；净利润为88.78亿元，同比增长5.67%。 ...

Core Insights - In September 2025, domestic natural gas heavy truck sales reached 23,400 units, a year-on-year increase of nearly 150%, marking the second consecutive month of growth [1][4] - Cumulatively, from January to September 2025, natural gas heavy truck sales totaled 145,700 units, a year-on-year decline of 2%, with a net decrease of approximately 3,000 units compared to the same period last year [1][18] Engine Market Characteristics - In the first three quarters of 2025, the natural gas heavy truck engine market saw significant changes, with a total of 23,400 engines sold in September, representing a 149% year-on-year increase [4][13] - The cumulative sales of natural gas heavy truck engines from January to September 2025 reached 145,700 units, reflecting a 2% year-on-year decline, although the decline rate narrowed by 10 percentage points compared to August [4][18] Engine Displacement and Power Distribution - The main displacement ranges for natural gas heavy truck engines in the first three quarters of 2025 were 12-13L and 14-15L, accounting for 42.97% and 39.92% respectively, while engines over 15L accounted for 3.98% [6] - In terms of power, the primary ranges were 500-600 horsepower and 400-500 horsepower, making up 44.27% and 37.48% respectively, with super high horsepower (≥600 horsepower) models increasing their share by over 13 percentage points compared to the previous year [9][10] Market Share and Rankings - In September 2025, five companies sold over 1,000 engines, with Weichai leading at 12,200 units, holding a market share of 52.17% [15] - Cumulatively, from January to September 2025, Weichai sold 75,600 units, capturing 51.92% of the market, while Cummins and FAW Jiefang followed with 28,700 and 18,300 units respectively [19][22] Sales Trends and Future Outlook - The natural gas heavy truck engine market saw a total of eight companies achieving sales by September 2025, with some companies experiencing significant growth, such as Dongfeng Longqing and Hualing, which saw increases of 177% and 400% respectively [20][22] - The market's strong performance in September raises hopes for a positive year-end conclusion for the natural gas heavy truck and engine markets [27]

Core Viewpoint - The 2025 China International Agricultural Machinery Exhibition showcases Weichai Power's comprehensive agricultural equipment power solutions, highlighting its advanced technology and understanding of global market demands [1][2]. Group 1: Exhibition Overview - The exhibition is the largest and highest-standard event in China's agricultural machinery sector, featuring a wide range of agricultural machinery, intelligent equipment, and power systems [1]. - Weichai Power displayed multiple agricultural power products suitable for both domestic and international markets, including harvesters and tractors [1]. Group 2: Product Features - Weichai's showcased products, such as the WP3.6N and WP8, have power outputs ranging from 125 to 360 horsepower, compatible with various agricultural equipment like corn and rice harvesters [1]. - The company emphasizes fuel economy, reliability, and strong power as core advantages, providing a new experience for agricultural operations globally [1]. Group 3: Compliance and Adaptability - Weichai's tractors meet stringent EU Stage V and Stage IIIA emission standards, with power outputs from 50 to 460 horsepower, catering to the needs of large-scale and efficient agricultural operations abroad [1]. - The company has developed fuel filter systems compatible with B35 biodiesel, enhancing fuel choice and supporting global green agriculture initiatives [2]. Group 4: Innovation in New Energy - Weichai introduced its WP14T-400kW hybrid powertrain, which achieves a fuel savings rate of 25%-35% by optimizing engine and generator coupling [2]. - The hybrid system's reliability is enhanced by a dedicated assessment standard for range extender systems, reducing failure rates by 50% [2]. Group 5: Market Expansion Strategy - The full range of products displayed at the exhibition reflects Weichai's commitment and capability to expand into overseas markets, offering customized power solutions to diverse global customers [2].

Core Viewpoint - The natural gas heavy truck market is experiencing a strong recovery after five months of declining sales, with significant growth in September 2023, indicating a positive trend for the industry [1][2]. Market Recovery - In September 2023, domestic natural gas heavy truck sales reached 23,400 units, a month-on-month increase of 40% and a year-on-year increase of 149% [1]. - The cumulative sales of natural gas heavy trucks from January to September 2025 were 145,700 units, showing a slight year-on-year decline of 2%, but September's sales increased by nearly 150% year-on-year [2]. - Key markets for natural gas vehicles include Hebei, Shandong, Henan, and Shanxi, with significant sales growth in regions like Xinjiang and Sichuan [2]. Policy Support - The recovery of the natural gas power market is significantly driven by policy incentives, including subsidies for natural gas vehicles introduced in March 2023 [2]. - The average gas price in September 2025 dropped to 4,050 yuan per ton, a nearly 10% decrease from the beginning of the year, enhancing the economic viability of natural gas heavy trucks [2]. - The combination of favorable policies and lower gas prices is facilitating the rapid replacement of diesel trucks in economically sensitive logistics markets [2]. Technological Advancements - The market's perception of gas engines as having "weak power and poor reliability" is changing due to continuous technological advancements by leading companies like Weichai Power [3]. - Weichai's NG4.0 gas engine features advanced technologies that significantly improve combustion efficiency, power output, and reliability, with a maximum power of 720 horsepower [3][4]. - The manufacturing capabilities of Weichai Power have been upgraded with intelligent production lines, achieving high precision and automation, which enhances production efficiency [4]. Future Outlook - The natural gas engine market is expected to grow as it is recognized as a transitional clean energy source, with ongoing technological breakthroughs necessary for long-term viability [2][4]. - Weichai Power is not only focusing on natural gas products but is also developing hydrogen internal combustion engines, ammonia engines, and methanol engines, preparing for future energy transitions [4].

Group 1 - Morgan Stanley reduced its stake in Weichai Power (000338) by 991,748 shares at an average price of HKD 15.2275 per share, totaling approximately HKD 15.1018 million [1] - After the reduction, the latest number of shares held by Morgan Stanley is approximately 116 million, representing a holding percentage of 5.96% [1]