七届六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 2026 年 3 月 26 日下午 2:00 在陕西省西安市召开了七届六次董事会会议（下称"本次会议"）， 本次会议以现场和通讯相结合的方式召开。 证券代码：000338 证券简称：潍柴动力 公告编号：2026-013 潍柴动力股份有限公司 本次会议通知于 2026 年 3 月 11 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。应出席会议董事 14 名，实际出席会 议董事 14 名，其中 11 名董事亲自出席会议，职工代表董事黄维彪先生、 董事 Michael·Martin·Macht 先生均书面委托独立董事迟德强先生，董事袁 宏明先生书面委托董事马旭耀先生对董事会所有议案代为投票。经审查， 职工代表董事黄维彪先生，董事袁宏明先生、Michael·Martin·Macht 先生 的授权委托合法有效，本次会议参会董事人数超过公司董事会成员半数， 会议的召集、召开符合《中华人民共和国公司法》和《公司章程》的有关 规定。本次会议合 ...

2025 年年度报告 潍柴动力股份有限公司 2025 年年度报告全文 潍柴动力股份有限公司 2026 年 03 月 1 潍柴动力股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及除以下存在异议声明的董事、高级管理人员外的其他董事、 高级管理人员均保证年度报告内容的真实、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。 董事、高级管理人员异议声明 | 姓名 | 职务 | | 内容和原因 | | --- | --- | --- | --- | | | | | 异议原因：《潍柴动力股份有限公司 2025 年年度报告》提及："陕汽集团在与湘火炬出资设 | | | | | 立陕西重汽时，……，陕汽集团重型汽车整车产品的生产销售资质应当由陕重汽继受，但由于 | | | | | '德隆系'危机及其他因素的影响，尚未完成资质的变更手续。陕汽集团承诺配合上述资质依 | | | | | 法变更事宜。下一步，陕汽集团将积极跟踪国家汽车产业政策的变化，一旦政策允许，陕汽集 | | | | | 团承诺在半年内完成重型汽车整车生产销售资质的转移"，董事 ...

证券代码：000338 证券简称：潍柴动力 公告编号：2026-015 潍柴动力股份有限公司 关于 2025 年度利润分配预案的公告 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。 二、利润分配预案的基本情况 公司 2025 年度财务报告已经毕马威华振会计师事务所（特殊普通合伙） 审计确认，2025 年度合并报表实现的归属于上市公司股东的净利润为人民 币 1,093,050.45 万元。根据《公司法》《公司章程》等规定，公司 2025 年 度提取法定公积金为人民币 93,432.79 万元、不提取任意公积金。截至 2025 年 12 月 31 日，合并报表中可供股东分配的利润为人民币 6,379,770.85 万元， 母公司报表中可供股东分配的利润为人民币 4,781,421.03 万元。 为积极回报股东并综合考虑公司实际经营情况，公司 2025 年度利润分 配预案为：以目前公司享有利润分配权的股份总额 8,662,144,621 股(公司总 股本 8,712,397,096 股扣除回购专户中的股份数量 50,252,475 股）为基数， 向全体股东每 10 ...

Summary of Automotive Industry Conference Call Industry Overview - The automotive industry is facing dual pressure on volume and profit in Q1 2026, with wholesale volume expected to decline by approximately 8% year-on-year, while new energy vehicle sales are projected to slightly decrease. Exports are the only bright spot, with a year-on-year increase of 55% [1][2][3]. Key Points Performance Expectations - **Overall Industry Performance**: Q1 2026 is anticipated to be the low point for volume and profit in the passenger car sector, with most automakers expected to see profit declines exceeding 20% year-on-year due to rising costs from copper, aluminum, lithium carbonate, and the appreciation of the RMB [1][2][3]. - **Geely Auto**: Expected to report profits exceeding 4 billion yuan, with a quarter-on-quarter increase of over 10%, driven by the high profitability of the Geely 9X model and a year-on-year export growth of 140% [1][4]. - **Heavy Truck Sector**: Strong export performance with a year-on-year increase of 30% in January-February 2026. China National Heavy Duty Truck Corporation (CNHTC) is expected to see a profit increase of 60% to 500 million yuan [1][2][3]. Segment Performance - **Intelligent Vehicle Sector**: Outperforming the overall vehicle sector, with Huayang Group expected to see a nearly 20% year-on-year growth, benefiting from Xiaomi's automotive sales and new product lines [1][7]. - **Parts Sector**: Mixed performance with leading companies like Fuyao Glass and Xingyu maintaining lower pressure due to strong overseas expansion. Companies like Kingood are expected to benefit from the rising aluminum prices [1][6]. Sales and Profitability - **Sales Disparities**: Despite overall industry decline, companies like NIO and Seres are expected to show significant sales growth due to new model launches, while BYD and XPeng are facing larger declines [2][3][4]. - **Profit Expectations**: Most passenger car companies are expected to see a year-on-year profit decline of over 20%. Geely is projected to stand out with a profit of over 4 billion yuan [4][5]. Market Trends - **Two-Wheeler Sector**: The sector continues to show strong growth in large-displacement exports, with Chuanfeng Power's exports expected to increase by 60% year-on-year, although overall performance is expected to remain flat due to tariff impacts [1][10]. Additional Insights - **Investment Strategy**: The investment strategy for 2026 focuses on performance and valuation, with recommendations in areas such as AIGC-enabled "power shortage," L4-level intelligence, and robotics. Key companies recommended include Weichai Power, Xpeng Motors, and Top Group [2]. - **Challenges**: The industry faces challenges from rising raw material costs and currency fluctuations, which are expected to negatively impact profitability in Q1 2026 [3][4]. This summary encapsulates the key insights and performance expectations for the automotive industry as discussed in the conference call, highlighting both opportunities and challenges within various segments.

Investment Rating - The industry investment rating is maintained as "Increase" [5] Core Views - The automotive sector is experiencing a significant improvement in weekly data, with wholesale daily averages increasing to 31,000 vehicles in the first week of March and 58,000 vehicles in the second week, alongside retail daily averages of 31,000 and 45,000 vehicles respectively. This improvement is attributed to the end of the holiday season and new vehicle launches. The rise in oil prices due to geopolitical tensions in the Middle East is expected to boost demand for new energy vehicles, accelerating the overseas expansion of automotive companies. The profitability of car manufacturers is currently at a low point, but is expected to improve from March to June as new vehicles are launched and sales recover [1][2][3] Summary by Sections Weekly Dynamics - The report highlights that new energy vehicle companies such as Xiaopeng, Li Auto, and others have achieved significant year-on-year sales growth, with Xiaopeng and Li Auto reaching profitability in Q4 2025. The overall sales growth for these companies is reported at 126% for Xiaopeng and 103% for Li Auto [10][12] Weekly Market Performance - The automotive sector saw an overall decline of 4.40% in the week from March 16 to March 22, ranking 16th out of 31 sectors. The Shanghai Composite Index fell by 3.38%, while the Shenzhen Component Index and CSI 300 Index decreased by 2.90% and 2.19% respectively. Among sub-sectors, passenger vehicles showed a slight increase of 0.78%, while other segments like automotive services and parts experienced declines of 5.53% and 6.20% respectively [13][20] Recommendations - The report suggests focusing on several companies across different segments: 1. Passenger Vehicles: Jianghuai Automobile, Geely Automobile, BYD, Xiaopeng Motors, Tesla 2. Commercial Vehicles: Weichai Power, China National Heavy Duty Truck Group, Yutong Bus, King Long Automobile 3. Liquid Cooling: Yinlun Holdings, Feilong Holdings, Ruikeda 4. Robotics: Zhejiang Rongtai, Laling Holdings, Deka Motor Holdings, Top Group, Sanhua Intelligent Controls, Xinquan, Shuanghuan Transmission, Hengshuai 5. Autonomous Driving: Horizon Robotics, Hesai Technology, Suteng Juchuang, Pony.ai, Nexperia, Coboda, Jingwei Hirun, Borsali 6. Commercial Aviation: Chaojie Holdings, Haoneng Holdings, Jingwei Hirun [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company has established itself as a global leader in high-end equipment, with its power equipment segment driving new growth [1] - The heavy truck industry is expected to recover, with sales projected to reach 1.145 million units in 2025, a 27% increase year-on-year [2] - The company's power generation equipment business is accelerating due to the demand from global AIDC construction [2] - Strategic investments in solid oxide fuel cell technology are expected to enhance the company's product offerings and market presence [3] - The company is benefiting from its high-power diesel engines entering global high-end markets, particularly in data centers [4] Summary by Relevant Sections Company Overview - Established in 2002, the company has developed a collaborative growth model across various sectors including power systems, commercial vehicles, and intelligent logistics [1] - For the first three quarters of 2025, the company reported revenues of 170.6 billion yuan, a 5% year-on-year increase, and a net profit of 8.9 billion yuan, up 6% [1] Heavy Truck Market - The heavy truck market is expected to rebound, with sales forecasted to return to over one million units in 2025, driven by government policies and infrastructure investments [2] - In early 2026, heavy truck sales showed a 17% year-on-year increase, indicating a strong start to the year [2] Power Generation Equipment - The company’s power generation equipment sales surged by 259% year-on-year in 2025, positioning it among the top three in the global market [1] - The company has successfully entered the North American market with its gas-powered generator sets, leveraging its technological expertise [2][4] Strategic Investments - The company has invested in Ceres Power, a leading solid oxide fuel cell technology firm, and is set to establish production lines for fixed power generation applications [3] - The company’s diesel engines have gained recognition in the U.S. data center market, with significant sales growth reported [4] Financial Projections - Revenue projections for 2025-2027 are 233.3 billion, 243.2 billion, and 253.1 billion yuan, reflecting year-on-year growth rates of 8%, 4%, and 4% respectively [8] - The net profit is expected to reach 12 billion, 13.9 billion, and 15.6 billion yuan for the same period, with corresponding growth rates of 6%, 16%, and 12% [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Insights - The company has established itself as a global leader in high-end equipment, with its power equipment segment driving new growth [1] - The heavy truck industry is expected to recover, with sales projected to reach 1.145 million units in 2025, a 27% increase year-on-year [2] - The company's power generation equipment business is accelerating due to the demand from global AIDC construction [2] - Strategic investments in solid oxide fuel cell technology are expected to enhance the company's product offerings and market position [3] - The company is benefiting from its high-power density diesel engines entering global high-end markets, particularly in data centers [4] Summary by Sections Company Overview - Established in 2002, the company has developed a collaborative growth model across various sectors including power systems, commercial vehicles, agricultural equipment, and smart logistics [1] - In the first three quarters of 2025, the company reported revenue of 170.6 billion yuan, a 5% year-on-year increase, and a net profit of 8.9 billion yuan, up 6% [1] Heavy Truck Market - The heavy truck market is recovering, with sales expected to return to over one million units in 2025, driven by government policies and infrastructure investments [2] - In early 2026, heavy truck sales showed a 17% year-on-year increase, indicating a strong start to the year [2] Power Generation Equipment - The company is capitalizing on the growing demand for power generation solutions, particularly in North America, where it has secured significant orders for gas engines [2] - The company’s gas generator sets have completed testing for a project in the Americas, marking its entry into the high-end market [2] Solid Oxide Fuel Cells (SOFC) - The company has invested in Ceres Power, becoming the largest shareholder, and is set to establish production lines for SOFC systems aimed at fixed power generation markets [3] - The SOFC systems have achieved high efficiency and have been certified for use in the EU [3] Diesel Engines - The company’s high-power diesel engines are now recognized in the global high-end market, particularly for data center backup power [4] - Sales of the company’s diesel products for data centers have increased significantly, with over 900 units sold in the first three quarters of 2025, representing a more than threefold increase year-on-year [4] Financial Forecast - Revenue is projected to grow from 233.3 billion yuan in 2025 to 253.1 billion yuan in 2027, with a compound annual growth rate (CAGR) of 4% [8] - Net profit is expected to increase from 12 billion yuan in 2025 to 15.6 billion yuan in 2027, with a CAGR of 14% [8]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 重新提交 公司名稱： 濰柴動力股份有限公司 呈交日期： 2026年3月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 備註： 2022年5月19日公司董事會通過A股回購計劃，而有關回購計劃於2022年10月11日實施完畢。2022年5月24日至2022年10月11日期間合計87,265,525股普通股A股被回購 但沒有註銷。於 2023年12月8日，本公司根據 A 股限制性股票激勵計劃（"激勵計劃"）以每股 A 股人民幣 6.264 元的價格向693名合資格激勵對象授予了78,270,000 股 已回購的A股股票，有關授予於 2023 年12月20日完成 。詳情請參見本公司 2023年12月 20 日的公告。 根據本公司日期為2025年12月19日的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引起的任何損失承擔任何責任。 承董事會命 董事長 馬常海 香 港，二 零 二 六 年 三 月 十 六 日 於本公告刊發之日，本公司執行董事為馬常海先生、王德成先生、袁宏明先生及 馬 旭 耀 先 生；本 公 司 職 工 代 表 董 事 為 黃 維 彪 先 生；本 公 司 非 執 行 董 事 為 王 延 磊 先生、張良富先生、Richard Robinson Smith先生及Michael Martin Macht先生；本公司 獨 立 非 執 行 董 事 為 蔣 彥 女 士、遲 德 強 先 生、徐 兵 先 生、陶 化 安 先 生 及 張 偉 麗 女 士。 1. 審議並酌情批准本公司及其附屬公司截至二零二五年十二月三十一日止 年 度 的 經 審 核 全 年 業 績，以 及 將 刊 登 於 香 港 聯 合 交 易 所 有 限 公 司 及 本 公 司 網 頁 的 經 審 核 全 年 業 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引起的任何損失承擔任何責任。 濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2338） 海外監管公告 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則第13.10B條 而 作 出。 茲載列濰柴動力股份有限公司（「本公司」）在 深 圳 證 券 交 易 所 網 站 刊 登 的 公 告， 僅 供 參 閱。中 文 公 告 的 全 文 刊 登 於 聯 交 所 及 本 公 司 網 站。 承董事會命 董事長 馬常海 中國山東濰坊 二零二六年三月十六日 於本公告刊發之日，本公司執行董事為馬常海先生、王德成先生、袁宏明先生及 馬 旭 耀 先 生；本 公 司 職 工 代 表 董 事 為 黃 維 彪 先 生；本 公 司 非 執 行 董 事 為 王 延 磊 先生、張良富 ...