Weichai Heavy Machinery (000880)

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潍柴重机:上半年归母净利润1.44亿元,同比增长52.62%
Xin Lang Cai Jing· 2025-08-15 13:10
潍柴重机8月15日晚间公告,公司上半年实现营业收入27.46亿元,同比增长43.91%;归属于上市公司股 东的净利润1.44亿元,上年同期9413.53万元,同比增长52.62%;基本每股收益0.43元。 ...
潍柴重机(000880) - 半年报董事会决议公告
2025-08-15 13:00
证券代码:000880 证券简称:潍柴重机 公告编号:2025-041 潍柴重机股份有限公司 九届四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。 潍柴重机股份有限公司(下称"公司")于 2025 年 8 月 15 日在山东省青岛 市以现场表决方式召开了公司九届四次董事会会议(下称"会议")。本次会议 通知及补充通知分别于 2025 年 8 月 4 日、2025 年 8 月 14 日以电子邮件或专人 送达方式发出。 会议由公司董事长傅强主持。本次会议应出席董事 8 名,实际出席会议董事 8 名。其中,董事李健书面委托董事长傅强代为表决。公司高级管理人员列席了 本次会议。经审查,董事李健的授权委托合法有效,本次会议到会人数超过公司 董事会成员半数以上,会议符合《中华人民共和国公司法》和《公司章程》的有 关规定,会议的召集、召开合法有效。经出席会议董事逐项审议并表决形成了如 下决议: 1.关于公司 2025 年半年度报告全文及摘要的议案 本议案已经公司 2025 年第三次审核委员会会议审议通过。 该议案表决结果为:同意 8 票,反对 0 票, ...
潍柴重机:2025年半年度净利润约1.44亿元,同比增加52.62%
Mei Ri Jing Ji Xin Wen· 2025-08-15 12:59
每经头条(nbdtoutiao)——连胜之后匹配"猪队友",连败之后则"摆烂"都能赢?中国游戏算法第一案 开庭,资深玩家与《王者荣耀》对簿公堂 (记者 王晓波) 截至发稿,潍柴重机市值为160亿元。 每经AI快讯,潍柴重机(SZ 000880,收盘价:48.31元)8月15日晚间发布半年度业绩报告称,2025年 上半年营业收入约27.46亿元,同比增加43.91%;归属于上市公司股东的净利润约1.44亿元,同比增加 52.62%;基本每股收益0.43元,同比增加52.62%。 ...
潍柴重机:上半年净利润同比增长52.62% 拟10转4派0.9元
Zheng Quan Shi Bao Wang· 2025-08-15 12:53
Core Viewpoint - Weichai Heavy Machinery (000880) reported significant growth in its financial performance for the first half of 2025, driven by increased demand in the inland shipping sector and a strategic focus on LNG power products [1] Financial Performance - The company achieved a revenue of 2.746 billion yuan, representing a year-on-year increase of 43.91% [1] - The net profit attributable to shareholders was 144 million yuan, reflecting a year-on-year growth of 52.62% [1] - The company plans to issue a stock dividend of 4 shares for every 10 shares held and distribute a cash dividend of 0.9 yuan (including tax) [1] Market Opportunities - The company capitalized on the "equipment update" policy in the inland shipping sector, which created a significant replacement demand [1] - There was a notable increase in the sales volume of LNG power products during the reporting period [1]
潍柴重机(000880) - 潍柴重机股份有限公司关于变更注册资本并修订《公司章程》的公告
2025-08-15 12:46
证券代码:000880 证券简称:潍柴重机 公告编号:2025-044 潍柴重机股份有限公司 关于变更注册资本并修订《公司章程》的公告 公司董事会提请股东会授权公司经营管理层及其授权人士办理相关工商变 更登记、备案等手续。上述事项的变更最终以市场监督管理部门的核准结果为准。 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。 潍柴重机股份有限公司(下称"公司")于 2025 年 8 月 15 日召开的公司九 届四次董事会会议,审议通过了《关于变更注册资本并修订<公司章程>的议案》, 上述议案尚需经公司股东会审议。现将具体情况公告如下: 一、变更公司注册资本的情况 公司九届四次董事会会议审议通过了《关于公司 2025 年中期利润分配及资 本公积金转增股本的议案》,其中资本公积金转增股本预案(下称"转增股本预 案")为:以公司 2025 年 6 月 30 日为基准日的总股本 331,320,600 股为基数, 以资本公积金向全体股东每 10 股转增 4 股,合计转增 132,528,240 股。前述转 增股本预案尚需提交公司股东会审议,在经公司股东会审议通过并实施后, ...
潍柴重机(000880) - 潍柴重机股份有限公司关于山东重工集团财务有限公司2025年上半年风险评估报告
2025-08-15 12:46
潍柴重机股份有限公司关于山东重工集团财务有限公司 2025 年上半年风险评估报告 根据《深圳证券交易所上市公司自律监管指引第 7 号——交易与 关联交易》的要求,潍柴重机股份有限公司(下称"潍柴重机")通 过查验山东重工集团财务有限公司(下称"重工财务公司")《金融 许可证》《营业执照》及相关资料,审阅重工财务公司财务报表,对 重工财务公司的经营资质、业务和风险状况进行评估,具体情况报告 如下: 一、重工财务公司基本情况 重工财务公司是经中国银行业监督管理委员会(现为"国家金融 监督管理总局",下称"金融监管总局")批准设立的非银行金融机 构。重工财务公司于 2012 年 6 月 11 日取得《金融许可证》(机构编 码:L0151H237010001),并于同日领取了《营业执照》(统一社会信 用代码:91370000597828707N)。 重工财务公司注册资本 40 亿元人民币,股权结构如下: (一)中国重汽(香港)有限公司(下称"重汽(香港)")出 资 15 亿元,占重工财务公司注册资本的 37.5%; (二)山东重工集团有限公司(下称"山东重工")出资 9.375 亿元人民币,占重工财务公司注册资本的 ...
潍柴重机(000880) - 半年度非经营性资金占用及其他关联资金往来情况汇总表
2025-08-15 12:46
潍柴重机公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | | | | | | 2025 年半 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 占用方与上 | 上市公司核 | 2025 年期 | 年度占用累 | 2025 年半 | 2025 年半 | 2025 年半 | | | | 非经营性资金占 | 资金占用方名称 | 市公司的关 | 算的会计科 | 初占用资金 | 计发生金额 | 年度占用资 | 年度偿还累 | 年度期末占 | 占用形 | 占用性质 | | 用 | | | | | | 金的利息 | | | 成原因 | | | | | 联关系 | 目 | 余额 | (不含利 | (如有) | 计发生金额 | 用资金余额 | | | | | | | | | 息) | | | | | | | 控股股东、实际控 | | | | | | | | | | | | 制人及其附属企 | | | | | | | | | | | | 业 | | | | | | | | | | | ...
潍柴重机(000880) - 2025年半年度财务报告
2025-08-15 12:46
潍柴重机股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 是 □否 | 审计意见类型 | 标准的无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 08 月 15 日 | | 审计机构名称 | 中勤万信会计师事务所(特殊普通合伙) | | 审计报告文号 | 勤信审字【2025】第 3424 号 | | 注册会计师姓名 | 梁海涌、崔静洁 | 半年度审计报告是否非标准审计报告 □是 否 二、财务报表 财务附注中报表的单位为:元 1、合并资产负债表 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产: | | | | 货币资金 | 2,375,048,903.41 | 2,660,819,545.68 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 649,375,677.02 | 418,502,463.58 | | 应收款项融资 | 736,137,210.87 | 490,428,511. ...
潍柴重机(000880) - 潍柴重机股份有限公司关于召开2025年第三次临时股东会的通知
2025-08-15 12:45
证券代码:000880 证券简称:潍柴重机 公告编号:2025-045 潍柴重机股份有限公司 关于召开2025年第三次临时股东会的通知 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。 潍柴重机股份有限公司(以下简称"公司"或"本公司")定于2025年9月1 日(星期一)召开2025年第三次临时股东会,现将会议情况通知如下: 一、召开会议的基本情况 (一)股东会届次:潍柴重机股份有限公司2025年第三次临时股东会 (二)股东会的召集人:潍柴重机股份有限公司董事会;2025年8月15日召 开的公司九届四次董事会已经审议通过了《关于召开公司2025年第三次临时股东 会的议案》。本次股东会审议事项已经分别于2025年8月6日、2025年8月15日召 开的公司2025年第七次临时董事会会议、九届四次董事会会议审议通过。 (三)会议召开的合法、合规性:公司董事会决议召开本次股东会符合有关 法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 (四)会议召开日期和时间: 现场会议召开时间:2025年9月1日(星期一)下午14:50开始 网络投票时间: 1.通过深圳 ...
潍柴重机(000880) - 2025 Q2 - 季度财报
2025-08-15 12:45
[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Section%20I.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, the report's structure, and definitions of key terms used throughout the document [Important Notice](index=2&type=section&id=Important%20Notice) The company's board ensures the report's accuracy and completeness, announcing a 2025 interim profit distribution and capital reserve to share capital plan, while advising investors to consult official disclosures and risk factors - The company's board approved the 2025 interim profit distribution plan: based on the total share capital as of June 30, 2025, a cash dividend of **CNY 0.90 per 10 shares (including tax)** will be distributed, and **4 shares per 10 shares** will be transferred from capital reserves to share capital[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report's table of contents clearly lists nine major chapters, covering everything from important notices and company overview to management discussion and financial reports [Definitions](index=5&type=section&id=Definitions) This chapter defines key company abbreviations and terms used in the report, such as "Weichai Heavy Machinery" and "Shandong Heavy Industry," and specifies the reporting period from January 1 to June 30, 2025 [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section presents the company's fundamental information and a summary of its key financial performance metrics [Company Profile](index=6&type=section&id=I.%20Company%20Profile) This chapter provides the company's basic information, including its stock ticker "Weichai Heavy Machinery," stock code "000880," and its full Chinese and English names, along with the legal representative [Key Accounting Data and Financial Indicators](index=6&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved strong performance in the first half of 2025, with revenue increasing by 43.91% and net profit attributable to shareholders by 52.62%, indicating significant improvement in profitability and cash flow 2025 H1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 2,746,363,246.88 | 1,908,434,150.32 | 43.91% | | Net Profit Attributable to Shareholders (CNY) | 143,667,942.17 | 94,135,274.71 | 52.62% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (CNY) | 128,649,375.44 | 91,734,682.39 | 40.24% | | Net Cash Flow from Operating Activities (CNY) | 163,326,691.02 | 50,359,915.91 | 224.32% | | Basic Earnings Per Share (CNY/share) | 0.43 | 0.28 | 52.62% | | Weighted Average Return on Net Assets | 6.80% | 4.73% | Increased by 2.07 percentage points | | Total Assets (CNY) | 7,051,508,285.87 | 6,279,690,766.70 | 12.29% (vs. end of prior year) | | Net Assets Attributable to Shareholders (CNY) | 2,149,069,218.68 | 2,060,208,014.27 | 4.31% (vs. end of prior year) | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) During the reporting period, the company's non-recurring gains and losses totaled **CNY 15.02 million**, primarily from government subsidies and disposal gains/losses of non-current assets 2025 H1 Non-recurring Gains and Losses | Item | Amount (CNY) | | :--- | :--- | | Disposal gains/losses of non-current assets | 6,004,272.85 | | Government subsidies recognized in current profit/loss | 11,122,255.12 | | Other non-operating income and expenses | 542,374.07 | | Less: Income tax impact | 2,650,335.31 | | **Total** | **15,018,566.73** | [Management Discussion and Analysis](index=9&type=section&id=Section%20III.%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's operational performance, financial condition, and future outlook [Principal Businesses During the Reporting Period](index=9&type=section&id=I.%20Principal%20Businesses%20During%20the%20Reporting%20Period) The company's core businesses, marine power and power generation equipment, achieved record performance in the reporting period, driven by green transformation in inland navigation and data center market expansion - The company's business covers four areas: ocean-going, offshore, inland river, and power generation, with marine engines holding a leading position in inland river and offshore transport vessels and fishing boats, while generator sets are widely used in marine, telecommunications, and data center industries[28](index=28&type=chunk) 2025 H1 Operating Performance Highlights | Indicator | Value | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | CNY 2.75 billion | 44% | | Net Profit Attributable to Shareholders | CNY 144 million | 53% | | Engine/Generator Set Sales | 12,100 units | 8% | | International Market Operating Revenue | - | 62% | - In marine power, the company capitalized on "equipment renewal" policies, significantly increasing LNG power product sales; in generator sets, it achieved major breakthroughs in the data center market, with substantial growth in sales and revenue, successfully entering the procurement lists of the three major operators, breaking the monopoly of imported brands[29](index=29&type=chunk)[30](index=30&type=chunk) [Analysis of Core Competitiveness](index=10&type=section&id=II.%20Analysis%20of%20Core%20Competitiveness) The company's core competitiveness lies in its marine power and energy power business segments, excelling in alternative fuel engine development and generator set performance - The company has completed the development and application of natural gas engines and dual-fuel engines using various technical routes, including spark ignition, micro-pilot ignition, and high-pressure direct injection, and has laid out methanol engine product development, leading the industry in marine engine energy conservation and emission reduction[34](index=34&type=chunk) [Analysis of Principal Business](index=10&type=section&id=III.%20Analysis%20of%20Principal%20Business) During the reporting period, the company's principal business grew significantly, with operating revenue increasing by 43.91%, primarily due to increased sales of main products, especially generator sets Major Financial Data YoY Changes | Item | Current Period (CNY) | Prior Year Period (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,746,363,246.88 | 1,908,434,150.32 | 43.91% | | Operating Cost | 2,456,520,125.38 | 1,670,300,017.25 | 47.07% | | Net Cash Flow from Operating Activities | 163,326,691.02 | 50,359,915.91 | 224.32% | Operating Revenue Composition (by Product) | Product | Current Period Revenue (CNY) | % of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Engines | 930,629,901.30 | 33.89% | 0.11% | | **Generator Sets** | **1,417,273,405.90** | **51.60%** | **135.48%** | | Parts and Processing Services | 198,571,021.10 | 7.23% | 10.73% | | Aftermarket and Others | 199,888,918.58 | 7.28% | 1.14% | [Analysis of Assets and Liabilities](index=12&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) As of the end of the reporting period, the company's total assets reached **CNY 7.05 billion**, an increase of 12.29% from the end of the previous year, driven by expanded investments and business scale Significant Changes in Asset Composition | Item | Amount at End of Current Period (CNY) | % of Total Assets | % Change from End of Prior Year | | :--- | :--- | :--- | :--- | | Monetary Funds | 2,375,048,903.41 | 33.68% | -8.69% | | Accounts Receivable | 649,375,677.02 | 9.21% | 2.55% | | Inventories | 1,185,619,339.21 | 16.81% | 3.75% | | Long-term Equity Investments | 1,022,971,214.18 | 14.51% | 2.53% | [Analysis of Investment Status](index=12&type=section&id=VI.%20Analysis%20of%20Investment%20Status) During the reporting period, the company's investment significantly increased, primarily due to a **CNY 261 million** capital injection into Shandong Heavy Industry Group Finance Co, Ltd, which is a major source of investment income from associates - The investment amount for the reporting period was **CNY 292 million**, a substantial increase of **1,302.24%** compared to **CNY 20.83 million** in the same period last year[43](index=43&type=chunk) - The company injected **CNY 261 million** into Shandong Heavy Industry Group Finance Co, Ltd, holding a **7.81%** stake; investment income recognized in this period was **CNY 12.40 million**[45](index=45&type=chunk) [Analysis of Major Holding and Participating Companies](index=14&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Weichai Power Equipment Co, Ltd, a key subsidiary, performed well in the reporting period, with net profit of **CNY 40.89 million**, up 25.89% year-on-year, driven by increased operating revenue and gross profit Weichai Power Equipment Co, Ltd Key Financial Data | Indicator | Amount (CNY) | | :--- | :--- | | Total Assets | 2,080,261,188.41 | | Net Assets | 189,743,710.54 | | Operating Revenue | 1,567,370,196.42 | | Net Profit | 40,890,260.56 | [Risks Faced by the Company and Countermeasures](index=15&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) Looking ahead to H2 2025, the company acknowledges a complex global economic environment but sees ample domestic macroeconomic policy space, focusing on its dual core businesses and efficiency improvements - Marine engine business: Seize "vessel scrapping and renewal" opportunities to promote LNG and methanol products; expand overseas markets, especially in Russia and Southeast Asia; and deepen system integration and aftermarket TCO services[54](index=54&type=chunk)[55](index=55&type=chunk) - Land-use generator set business: Continuously explore high-end markets such as data centers, telecommunications, oil and gas fields, and high-end manufacturing, to address increasingly fierce industry competition[57](index=57&type=chunk) [Corporate Governance, Environment, and Society](index=17&type=section&id=Section%20IV.%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's governance structure, its profit distribution plans, and its commitment to environmental and social responsibilities [Changes in Directors, Supervisors, and Senior Management](index=17&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, the company's board of directors and senior management underwent several personnel changes, including the election of new directors and the appointment of new vice general managers and board secretaries 2025 H1 Changes in Directors, Supervisors, and Senior Management | Name | Position | Type | | :--- | :--- | :--- | | Wang Dehua | Director | Elected | | Li Jian | Director | Elected | | Mu Degang | Vice General Manager | Appointed | | Sheng Weining | Board Secretary | Appointed | | Zhang Quan | Director | Resigned | | Wang Xuewen | Director | Resigned | | Li Deming | Manufacturing Director | Resigned | | Wen Tao | Board Secretary | Resigned | [Profit Distribution and Capital Reserve to Share Capital Plan](index=17&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Plan) The company proposed a 2025 interim profit distribution and capital reserve to share capital plan, intending to distribute a cash dividend of **CNY 0.90 per 10 shares (including tax)** and transfer **4 shares per 10 shares** from capital reserves to all shareholders 2025 Interim Dividend and Capitalization Plan | Item | Value | | :--- | :--- | | Cash Dividend per 10 Shares (CNY) (incl. tax) | 0.90 | | Capitalization per 10 Shares (shares) | 4 | | Share Capital Base for Distribution Plan (shares) | 331,320,600 | | Cash Dividend Amount (CNY) (incl. tax) | 29,818,854.00 | [Environmental Information Disclosure](index=18&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company has been included in the list of enterprises required to disclose environmental information by law, demonstrating its commitment to environmental protection and responsibility [Social Responsibility](index=18&type=section&id=V.%20Social%20Responsibility) During the reporting period, the company actively fulfilled its social responsibilities by participating in public welfare, community care activities, and ecological protection initiatives, while also enhancing employee cohesion through diverse cultural events [Significant Matters](index=19&type=section&id=Section%20V.%20Significant%20Matters) This section outlines major events and transactions that significantly impacted the company during the reporting period [Significant Related Party Transactions](index=20&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) The company engaged in significant related party transactions related to its daily operations, primarily involving the purchase and sale of engines and parts, and a joint capital increase in Shandong Heavy Industry Group Finance Co, Ltd Daily Related Party Transactions with Weichai Power and its Affiliates | Transaction Type | Related Party Transaction Content | Amount in Current Period (CNY million) | % of Similar Transaction Amount | | :--- | :--- | :--- | :--- | | Purchase of Goods/Acceptance of Services | Engines, parts, services, etc | 1,400.28 | 49.94% | | Sale of Goods/Provision of Services | Engines, parts, services, etc | 983.18 | 35.80% | - The company, along with Shandong Heavy Industry Group Co, Ltd, Weichai Power Co, Ltd, and other related parties, jointly increased capital in Shandong Heavy Industry Group Finance Co, Ltd[79](index=79&type=chunk) - As of the end of the reporting period, the company's deposit balance with Shandong Heavy Industry Group Finance Co, Ltd was **CNY 1.14 billion**, with a total credit line of **CNY 400 million**[81](index=81&type=chunk) [Explanation of Other Significant Matters](index=23&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company is planning a major equity acquisition and related party transaction, intending to acquire 100% of Changzhou Fiberglass Shipyard Co, Ltd - The company disclosed an announcement on August 7, 2025, regarding the acquisition of 100% equity in Changzhou Fiberglass Shipyard Co, Ltd, which constitutes a related party transaction[91](index=91&type=chunk) [Share Changes and Shareholder Information](index=24&type=section&id=Section%20VI.%20Share%20Changes%20and%20Shareholder%20Information) This section details any changes in the company's share capital and provides an overview of its shareholder structure [Share Changes](index=24&type=section&id=I.%20Share%20Changes) During the reporting period, the company's total share capital and share structure remained unchanged, with the total share capital maintained at **331.32 million shares** Share Structure | Share Type | Quantity | Proportion | | :--- | :--- | :--- | | I. Restricted Shares | 169,158,600 | 51.06% | | II. Unrestricted Shares | 162,162,000 | 48.94% | | **III. Total Shares** | **331,320,600** | **100.00%** | [Number of Shareholders and Shareholding Status](index=24&type=section&id=III.%20Number%20of%20Shareholders%20and%20Shareholding%20Status) As of the end of the reporting period, the company had 38,156 common shareholders, with the top two shareholders, Weichai Holding Group Co, Ltd and Weifang City Investment Group Co, Ltd, holding over 51% combined Top Two Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held | | :--- | :--- | :--- | :--- | | Weichai Holding Group Co, Ltd | State-owned Legal Person | 30.59% | 101,358,600 | | Weifang City Investment Group Co, Ltd | State-owned Legal Person | 20.46% | 67,800,000 | [Bond-Related Information](index=27&type=section&id=Section%20VII.%20Bond-Related%20Information) This section provides details regarding any bonds issued or outstanding by the company [Bond-Related Information](index=27&type=section&id=Bond-Related%20Information) During the reporting period, the company had no bond-related information [Financial Report](index=28&type=section&id=Section%20VIII.%20Financial%20Report) This section contains the company's audited financial statements and accompanying notes for the reporting period [Audit Report](index=28&type=section&id=I.%20Audit%20Report) This semi-annual financial report has been audited by Zhongqin Wanxin Certified Public Accountants (Special General Partnership), which issued a standard unqualified audit opinion - The audit firm issued a standard unqualified audit report (Qinxin Audit [2025] No. 3424)[106](index=106&type=chunk) [Financial Statements](index=28&type=section&id=II.%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements for the first half of 2025, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity [Notes to Financial Statements](index=46&type=section&id=Notes%20to%20Financial%20Statements) The notes to the financial statements detail the company's basic information, basis of preparation, significant accounting policies and estimates, taxation, and provide detailed explanations for major items in the consolidated financial statements, along with disclosures of related party relationships and transactions, contingencies, and post-balance sheet events - Significant accounting policy change: In accordance with "Interpretation No. 18 of Accounting Standards for Business Enterprises," the company retrospectively adjusted the accounting treatment for guarantee-type quality assurance, reclassifying related expenses from "selling expenses" to "operating costs"[308](index=308&type=chunk) - Tax incentives: The company and its subsidiary, Weichai Power Equipment Co, Ltd, as high-tech enterprises, enjoy a **15% corporate income tax preferential rate** and can benefit from a **100% pre-tax deduction for R&D expenses**[322](index=322&type=chunk) - Post-balance sheet events: On August 6, 2025, the company signed an agreement to acquire 100% equity in Changzhou Fiberglass Shipyard Co, Ltd, held by related party Weichai Group, for **CNY 491.67 million** in cash[529](index=529&type=chunk) [Other Submitted Data](index=122&type=section&id=Section%20IX.%20Other%20Submitted%20Data) This section includes additional data submitted by the company, such as investor relations activities and related party fund movements [Investor Relations Activities During the Reporting Period](index=122&type=section&id=II.%20Investor%20Relations%20Activities%20During%20the%20Reporting%20Period) During the reporting period, the company engaged in three public communication activities with investors through online platforms and on-site visits, primarily discussing operating performance, market conditions, and future plans [Fund Movements with Controlling Shareholder and Other Related Parties](index=122&type=section&id=III.%20Fund%20Movements%20with%20Controlling%20Shareholder%20and%20Other%20Related%20Parties) This section discloses the company's operating fund movements with related parties, with the largest amount being deposit transactions with Shandong Heavy Industry Group Finance Co, Ltd, totaling **CNY 1.14 billion** at period-end