Weichai Power(SZ:000338)2025-04-10 00:42Group 1: Natural Gas Heavy Trucks - In 2024, domestic sales of natural gas heavy trucks are projected to reach 178,000 units, with a penetration rate of 30% [1] - The company expects the penetration rate to continue increasing due to a favorable supply-demand balance and the advantages of low carbon and economic benefits [1] - The company has over 20 years of experience in this market, with an estimated market share of approximately 60% for natural gas heavy truck engines in 2024 [1] Group 2: Large Bore Engine and Data Center Business - The company anticipates selling over 8,100 units of the M series large bore engines in 2024, with a revenue growth of 20% [3] - Data center product sales are expected to grow by 148% year-on-year, reaching nearly 400 units [3] - The company aims to leverage its technological performance and production capacity to capture key high-end markets [3] Group 3: New Energy Business - In 2024, sales of new energy heavy trucks are expected to reach 80,000 units, with a market penetration rate of 14% [4] - The penetration rates for new energy loaders and light trucks are projected to be 25% and 16%, respectively [4] - The company has launched its new energy industrial park, which supports its strategic transition to new energy [4] - The company aims for a year-on-year doubling of new energy revenue in 2025 through product innovation and market expansion [4] Group 4: Dividend Policy - The total dividend payout since the company's listing is expected to reach nearly 35 billion yuan by considering the 2024 dividend plan [5] - The company emphasizes shareholder feedback and aims to maintain a stable dividend policy while balancing development and shareholder interests [6]