Weichai Power: Net profit increased 53.11% year-on-year

Weichai Power (000338) announced on the 28th of the third quarter of 2008 that the company achieved net profit attributable to the parent company from January to September of 2.018 billion yuan, an increase of 53.11% year-on-year; and achieved a profit of 3.88 yuan per share. In the third quarter, the net profit attributable to the parent company was 357 million yuan, and the earnings per share was 0.69 yuan.

It is understood that as a leading company in the domestic heavy truck industry, Weichai Power has been striving to adjust the product structure in recent years, and has continuously promoted the upgrading of products. The synergy effect of industrial chain integration has also been brought into full play. At present, the company is engaged in high-power engines. Gearbox gearboxes and large tonnage axles have obvious integrated competitive advantages. According to the information, the company includes China's No. 1 brand engine, No. 1 brand gearbox and No. 1 brand heavy-duty axle. Its products have significant brand influence, which provides guarantee for its sales growth. At the same time, the company also expanded the development of overseas markets, and the export market has now become another important revenue growth point for the company. According to the company’s announcement, from January to September, the company’s main business income was 28.432 billion yuan, an increase of 30.91% year-on-year, of which the company’s main business income in the third quarter was 7.453 billion yuan, a year-on-year increase of 16.85%.