Hua Xia Shi Bao·2025-08-30 03:31Core Insights - The company reported a stable performance in its 2025 semi-annual report, achieving a revenue of 113.15 billion yuan and a net profit of 5.64 billion yuan, while maintaining a high dividend payout ratio of 57% [1] Group 1: Business Performance - The company solidified its leading position in the power system sector, with a significant increase in high-end product sales, including a 41% year-on-year growth in the high-end M series large-bore engines, selling over 5,000 units [2] - The company sold 362,000 engines in the first half of 2025, with heavy-duty truck engine sales reaching 125,000 units, reflecting a robust market presence [2] - The sales of new energy heavy trucks surged by 255% year-on-year, exceeding 10,000 units, showcasing the company's strong momentum in the new energy sector [3] Group 2: Market Expansion - The company’s subsidiary, Shaanxi Heavy Truck, sold 73,000 heavy trucks, a 14.6% increase year-on-year, raising its market share to 13.5% [3] - The company achieved significant growth in overseas markets, exporting 27,000 heavy trucks, indicating a well-established international presence [3] Group 3: Agricultural Equipment - Despite challenges in the global agricultural machinery industry, the company’s subsidiary, Weichai Lovol, achieved a revenue of 9.86 billion yuan, with export revenue of 1.15 billion yuan [4] - The company’s high-end intelligent agricultural products maintained a leading market share in China, with tractors and harvesters ranking first [4] Group 4: Overseas Operations - The company’s subsidiary, KION Group in Germany, saw a 22.2% year-on-year increase in new orders, totaling 6.21 billion euros, with the second quarter achieving record-high new orders [5] - The company’s subsidiary, PSI in the USA, reported a revenue of 330 million USD, a 59% increase year-on-year, and a net profit of 70 million USD, up 145% [5]