Weichai engine sales of 46,000 units in April, an increase of about 15%, still better than the industry growth rate. Weichai heavy truck engines sold more than 90,000 vehicles in the first quarter, and the market share reached 45% or more, an increase of about 3 percentage points from the same period last year. The hydraulic business is progressing smoothly and it is expected to gain a third of the market share in the future.
Weichai Engine
Linde hydraulic products have been well-tested and strive to obtain one-third of the high-end market: Linde Hydraulics is actively promoting localization in the Chinese market. In terms of product development, Linde Hydraulics has matched products with customers such as Shantui and Zoomlion [0.00% Funding Report] with good feedback. In terms of production, Linde Hydraulic's domestic factories have started construction and are expected to be put into production in 2015. . At present, China's high-pressure hydraulic products all rely on imports, with a market space of about 15 billion yuan. According to the 20% net interest rate, it is expected to contribute 1.0 to 1.5 billion net profit each year for Weichai. In addition, Linde Hydraulik will also provide an integrated supply of engines to Weichai, further opening the company's engine market in the field of construction machinery such as excavators.
KION business gradually recovered and will operate independently in the future: KION performance has recovered, with orders in the first quarter of this year growing by 4.4% year-on-year. In the future, KION will further cooperate with Weichai and will expand its market share and increase its profitability through localization into the mid-range forklift business (the engine provided by Weichai's Yangchai). In the future, Weichai will realize the consolidation of KION, but will allow KION to operate independently.
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FOSHAN GUANSEN BICYCLE TECHNOLOGY CO.,LTD. , https://www.htxbicycle.com