Zhi Tong Cai Jing·2025-03-19 05:45Core Viewpoint - Weichai Power's stock has risen over 4% due to favorable policies supporting the scrapping and updating of old operational trucks, which is expected to boost performance in the LNG heavy truck engine sector [1] Group 1: Policy Impact - The Ministry of Transport, National Development and Reform Commission, and Ministry of Finance have issued a notice to support the scrapping and updating of National III and IV emission standard operational trucks [1] - The new guidelines for phasing out old trucks include LNG heavy trucks, which will directly benefit Weichai Power due to its competitive position and significant market share in the LNG heavy truck engine sector [1] Group 2: Market and Performance Outlook - Morgan Stanley's report indicates that the policy will stimulate an increase in the penetration rate of LNG heavy trucks by 2025 [1] - Haitong Securities highlights that large-bore diesel engines serve as an important backup power source for AIDC, with rapid industry growth driven by AI infrastructure investments [1] - Weichai Power is recognized as a leading manufacturer of large-bore diesel engines, with ongoing investments in R&D and market development, enhancing its global competitiveness [1] - The company is expected to benefit from domestic substitution trends, leading to performance growth in the context of a rapidly developing downstream market [1]