Returning A shares from H shares, Weichai Power spent 3 years. On March 11, 2004, Weichai Power's H-shares went public and became the first Chinese-listed diesel engine company listed in Hong Kong. 37 months later, it also adopted merger swaps and mergers and acquisitions reforms to create the “Mainland and Hong Kongâ€. A precedent for the merger of listed companies in the two places." Equally impressive is the rise of a giant in China's most complete heavy-duty truck industry chain, which has a powertrain business, auto parts, and vehicle business.
Weichai Power
Today, under the capital operation of Weichai Power and Thunderbolt, the company’s strategic wisdom and foresighted corporate vision are still vivid and vivid. In the ten years of his tenure, he witnessed Weichai Power taking on the mission of pursuing the task of becoming a major country; witnessed Weichai's innovation and cultivation efforts to improve the core technology of the power industry chain; witnessed Weichai's efforts to build a complete range of products in a full range of fields. Pedigree; witnessed Weichai Power as the benchmark model of “China’s intellectual creation†and screamed that it would send out a global challenge to “challenge the world’s firstâ€.
If the days of love are old, the right path is a vicissitudes of life. With ten years of turbulence and ten years of change, Weichai Power has always been the most trusted mainstay of China's automobile and equipment manufacturing industry in the turbulent wave of tides.
Capital operation to build a global structure
Under the leapfrogging development of innovation, the 10 years since Weichai Power returned to A-shares, the vision has never been confined to the domestic market. Instead, through the step-by-step approach in the capital market, it has rapidly developed into an equipment manufacturing industry group with global strategic businesses.
For a time, the reform of the S Xiang Torch Share was once seen as an extremely difficult problem by the outside world. Weichai Power spent a large sum of RMB 1.02838 billion in the torch, and someone described it as “taking over a hot potatoâ€; The most valuable "heavy truck gold industrial chain", Weichai Power has formed a complete vertical industrial layout, from single competition to competitive competition. While continuing to maintain commonality and a diversified strategy, Weichai Power not only created a unique condition for market maximization, but also laid a solid foundation for achieving economies of scale and reducing operating costs.
Eight miles of road cloud and moon, this is just a drop in Weichai power in a huge chess game. On the one hand, domestically, it has strategically reorganized Yangchai Power and Jiachuan Lightweight Vehicles and invested in Forsyth Energy. On the other hand, after acquiring the French Baudouin in 2009, it has strategic acquisitions of the KION Group. Linde Hydraulics, Dematic, PSI, and others.
Through the two-headed integration of domestic and foreign capital markets, Weichai Power has successfully achieved the upgrading of traditional businesses, the development of emerging strategic products and strategic markets, and the vertical extension of the industrial chain. It has become more rational in terms of business structure, product structure, and regional structure. The company has completed the construction of the ecological business chain of its core business and built a global layout covering major international markets such as Europe, the Americas, Asia, and Africa.
Product Transformation Wins Future Competition
Raiders Pantiandi, flying on the Qingyun. Tan Xuguang, chairman of Weichai Power, always insists that “product innovation is the core engine for the development of an enterpriseâ€. Therefore, with a series of smart and resolute capital movements, it must be a magnificent scene of “product leapfroggingâ€.
After ten years of hard work, Weichai Power has achieved a full range of products ranging from 10 litres and 12 liters of heavy-duty diesel engines to the traditional energy and new energy. It has mainly used heavy trucks, and is mainly used for commercial vehicles and construction machinery. Shipbuilding, agricultural machinery, intelligent logistics and other market-wide cross-over; from a single engine products, powertrain, commercial vehicles, passenger cars, construction machinery, shipbuilding, intelligent storage and other industrial chain development of a coordinated leap.
Perhaps the greater change is that today's Weichai Power is no longer just a pure Chinese engine manufacturer. Taking the newly completed “Weichai Power + KION + Dematic†industrial chain as an example, we integrated Weichai's commercial vehicle products and customer advantages, KION's material handling and storage technology advantages, and Dematic's automated logistics system. The integration of strengths has made it a new identity for "global total solutions service providers."
Focusing on the "full industrial chain revolution" of technological innovation, Weichai Power, under the weight of overcapacity in the industry, took advantage of the capital to achieve "six transitions" calmly - from a single business to a diversified business, and from the domestic leading edge. Global development and transformation, transformation from low to high-end, transformation from labor-intensive to intelligence-intensive, transformation from traditional manufacturing to smart manufacturing, transformation from scale efficiency to endogenous growth, and stimulating the stable development of the company. On April 28, Weichai Power released its first quarterly report for 2017. The company achieved a net profit of 1.18 billion yuan, a year-on-year increase of 158.38%.
As time passes, 10 years later, Weichai Power continues to make innovations and develop strong voices with global vision and planning, creating China's high-end smart quality business cards. Tan Xuguang emphasized in his 2017 New Year speech: “Weichai must comprehensively speed up its efforts to high-end strategy, focus on building three core competencies, and create refined products and services to create more value for customers. We will take the power of the entire group. Support the development of overseas businesses, deepen strategic cooperation, and fully implement new breakthroughs in international operations."
Weichai Power has successfully built a new pattern of coordinated development of three major business segments: powertrain, complete vehicle and smart logistics. In addition, by implementing strategies such as capital mergers and acquisitions, overseas investment and plant establishment, technology export, and export trade, the internationalization process has been accelerated, international capacity cooperation has been expanded, and a diversified strategic layout has been formed. Weichai Power has gradually emerged from economic fluctuations in single industries and single regions. The reliance will further lead to high-end, smart, and diversified product characteristics and industrial patterns, leading the Chinese equipment manufacturing industry to a global and competitive future.
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