Share Structure and Capital - The total number of issued shares as of December 31, 2018, is 7,997,238,556 shares, comprising 6,054,198,556 A shares and 1,943,040,000 H shares[8]. - The company has a board lot size of 1,000 H shares and 100 A shares for trading[8]. - The top shareholder, HKSCC Nominees Limited, holds approximately 24.23% of shares, totaling 1,937,955,016 shares[141]. - Weichai Group Holdings Limited, a state-owned legal person, holds 17.58% of shares, totaling 1,406,100,000 shares[141]. - The percentage of non-restricted circulating shares is 78.26%, totaling 6,258,372,257 shares[141]. - The number of shareholders is 169,760, with 169,498 holding A shares and 262 holding H shares[140]. - The total number of issued shares as of December 31, 2018, was 7,997,238,556 shares, consisting of 6,054,198,556 A shares and 1,943,040,000 H shares[149]. - The percentages disclosed in the shareholding table were calculated based on the total number of issued shares as of December 31, 2018[133]. - The company had no other directors, chief executives, or supervisors with interests or short positions in shares or debentures recorded as of December 31, 2018[136]. - The shareholding interests listed were all classified as "long" positions[133]. Financial Performance - The company's revenue increased by 5.1% year-on-year to approximately RMB 159,256 million, while net profit attributable to shareholders rose by 27.2% to approximately RMB 8,658 million[26]. - The basic earnings per share reached RMB 1.08, reflecting a 27.2% increase compared to the same period in 2017[26]. - The Group's total profit amounted to approximately RMB 15,230 million, representing an increase of approximately 18.7% from approximately RMB 12,828 million in the corresponding period of last year[61]. - The Group's net profit increased by approximately 26.7% from approximately RMB 9,178 million in 2017 to approximately RMB 11,626 million in the Year, with a net profit margin of approximately 7.3%[62]. - Actual sales revenue for 2018 was approximately RMB 159.3 billion, a year-on-year increase of approximately 5.1%, but lower than the budgeted RMB 166.7 billion by approximately RMB 7.4 billion[56]. - The company expects a sales revenue growth of approximately 10% for 2019, targeting approximately RMB 175 billion[57]. Market Performance and Industry Trends - The heavy-duty truck market delivered total sales of 1,148,000 units, a year-on-year increase of 2.8%, with the company maintaining a market share of 31.6% in heavy-duty truck engines[18]. - The construction machinery industry saw sales of 711,000 units, a year-on-year increase of 21.5%[19]. - The heavy-duty truck market is expected to remain steady in 2019, driven by increased government project approvals and infrastructure investment policies[37]. - The elimination of China III and older generation vehicles is anticipated to create substantial replacement demand due to stricter emission standards[39]. - The growth of segment markets such as courier transportation and cold chain logistics will support industry development as the Chinese economy shifts towards consumption-driven growth[39]. Strategic Initiatives and Investments - The company successfully implemented a Sino-foreign joint venture high-tech project with Eaton Corporation, marking a significant step in international development[22]. - The company entered into strategic cooperation with KAMAZ Group to localize the manufacturing and sale of Weichai's engines in Russia[24]. - The company is leading a major project on the commercialization of fuel cells, collaborating with Ceres Power and Ballard Power Systems[25]. - The company invested over £40 million to acquire a 20% stake in Ceres Power, establishing a joint venture in Weifang with a registered capital of RMB 140 million[30]. - The company became the largest shareholder of Ballard Power Systems by acquiring a 19.9% stake for US$164 million and formed a joint venture with a total investment of RMB 1.1 billion[31]. Corporate Governance and Leadership - The authorized representatives of the company include Xu Xinyu and Kwong Kwan Tong[4]. - The company’s auditor is Ernst & Young Hua Ming LLP[6]. - The company has a strategic development and investment committee chaired by Tan Xuguang[6]. - The audit committee is chaired by Wang Gongyong[6]. - The company has a strong leadership team with extensive experience in the automotive and machinery sectors, enhancing its strategic direction and operational efficiency[84]. Shareholder Returns and Dividends - The company proposed a cash dividend of RMB 2.80 per 10 shares, based on 7,933,873,895 shares available for distribution[29]. - The Board recommended a cash dividend of RMB 2.8 (including tax) for every 10 shares held, based on 7,933,873,895 shares available for distribution as of December 31, 2018[112]. - The company emphasizes a stable dividend distribution policy, considering factors such as financial performance and capital expenditure before proposing dividends[194]. Connected Transactions and Agreements - The Group had continuing connected transactions in accordance with the agreements established with Weichai Holdings and its associates[157]. - The approved annual cap for services provided by Weichai Holdings and Chongqing Weichai for December 2018 was RMB 93 million[158]. - The total purchases made from Weichai Holdings and its associates in 2018 amounted to RMB 691 million, indicating a significant reliance on these suppliers[162]. - The Company has established long-term agreements with Weichai Holdings and its associates, indicating a stable revenue stream[164]. Employee and Training Initiatives - As of December 31, 2018, the Group employed approximately 76,800 employees, with a total remuneration of approximately RMB 23,440 million for the year[66]. - The Group provided a total of 1.433 million training hours to 182,000 participants, averaging 114.6 training hours per participant, with an expenditure of approximately RMB 44 million on training[66]. Financial Position and Assets - As of December 31, 2018, the Group's total assets were approximately RMB 205,276 million, with current assets of approximately RMB 108,105 million[63]. - The Group's total equity as of December 31, 2018, was approximately RMB 62,259 million, of which approximately RMB 39,314 million was attributable to equity holders of the Company[63]. - The Group's gearing ratio as of 31 December 2018 was 32.9%, down from 35.5% on 31 December 2017[62].