Core Viewpoint - Weichai Lovol Smart Agriculture Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [1] Company Overview - Weichai Lovol is a leading provider of smart agricultural solutions in China, integrating advanced agricultural machinery with smart agricultural services to cover the entire agricultural production cycle [4] - The company's business is based on two core pillars: complete sets of smart agricultural machinery and smart agricultural services, focusing on high-end and intelligent agricultural equipment to address the "who will farm" issue [4] - The product portfolio includes high-quality smart agricultural machinery, primarily tractors and harvesting machinery, which contribute over 90% of the revenue [4] Shareholding Structure - As of June 15, 2025, the controlling shareholders are Weichai Power and Weichai Holdings, holding approximately 61.10% and 27.26% of the shares, respectively, with a combined voting power of about 88.36% [5] Financial Performance - For the fiscal years 2022, 2023, and 2024, Weichai Lovol reported revenues of approximately CNY 15.95 billion, CNY 14.68 billion, and CNY 17.39 billion, respectively, with corresponding profits of CNY 772 million, CNY 871 million, and CNY 957 million [6][7]
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