2024-07-17 10:32Group 1: Company Performance Overview - In the first half of 2024, the company actively promoted product, business, and market structure optimization, significantly increasing the proportion of natural gas heavy-duty engine products compared to the previous year [1] - The company expects to achieve a net profit attributable to shareholders of approximately RMB 5.46-6.24 billion, representing a year-on-year growth of 40%-60% [1] - The net profit after deducting non-recurring gains and losses is estimated to be around RMB 5.06-5.78 billion, also reflecting a year-on-year increase of 40%-60% [1] Group 2: Agricultural Business Insights - The restructuring of Weichai Lovol Smart Agriculture products has shown significant results, with profit performance exceeding revenue and sales [3] - Future growth is anticipated due to the improving industry conditions in agricultural machinery and the company's own product structure adjustments, along with a competitive advantage in high-horsepower products [1] Group 3: Natural Gas Heavy-Duty Engine Outlook - The company forecasts stable supply and demand relationships for natural gas, with adequate supply and improved infrastructure, leading to an increase in the penetration rate of natural gas heavy-duty trucks [3] - A new generation of 13L/15L/17L gas-powered products was launched on May 23, featuring enhanced performance characteristics such as greater power, fuel efficiency, reliability, and comfort [3] - The company plans to leverage its leading advantages and continue to drive industry transformation and upgrades in the second half of the year [3]