领跑中国重装“出海” 山东重工集团做对了什么？

Core Insights - Shandong Heavy Industry Group has demonstrated strong growth despite global economic pressures, achieving nearly 440 billion yuan in revenue in the first three quarters of 2025, a year-on-year increase of over 9% [2] - The group emphasizes technological innovation and R&D investment as key drivers for its competitive edge in international markets [2] Group Performance - The group's export revenue reached 72.7 billion yuan, with a year-on-year growth of 6% to 7%, and is expected to exceed 100 billion yuan for the year, marking a fourfold increase from 20 billion yuan in 2020 [2] - R&D expenses are projected to be 13.6 billion yuan in 2024, maintaining a research intensity of 4.2% [2] Product Development - Weichai Group has released the world's highest thermal efficiency diesel engine, achieving 53% efficiency [2] - The sales of Weichai's large-bore engine data center business have surged by 400% year-on-year in the first three quarters [2] Heavy Truck Sector - China National Heavy Duty Truck Group (CNHTC) exported 111,000 heavy trucks in the first three quarters, a year-on-year increase of 24.5%, maintaining its position as the top exporter of heavy trucks in China [4] - Shaanxi Heavy Duty Truck has become the second-largest exporter of heavy trucks in China [4] New Energy Initiatives - The group showcased its latest products and technologies in the new energy sector at the Global Partner Conference, with expected sales revenue of nearly 30 billion yuan from new energy businesses this year [5] - Weichai Group's new energy segment has seen a 122% year-on-year growth in its "three new" business [5] International Strategy - 30% of the group's overseas revenue comes from its industrial layout in Europe and the U.S., while another 30% is generated from localized manufacturing and sales of domestic products [8] - The group is focused on localizing teams, management, manufacturing, and R&D in overseas markets to enhance resilience against economic fluctuations [8]