On May 9, the second-generation new product launch event of Weichai Mining Power with the theme of "Pioneering and Reshaping" was held in Ordos, Inner Mongolia. Weichai's new second-generation mining power products were showcased in a concentrated manner, highlighting Weichai's profound accumulation and forward-looking layout in the field of construction machinery power. This marks that Weichai has broken the international monopoly on key core technologies of large-scale mining equipment and pressed the "acceleration button" on the process of industry autonomy and control. Representatives of major clients, distributors, media reporters and other guests from all over the country witnessed this glorious moment together.

The 10,000-ton LNG-powered Bulk Carrier on the Yangtze River Officially Delivered with Weichai's Support

On April 30, the Communist Youth League Central Committee and the All-China Youth Federation jointly presented the 2025 New Era Youth Pioneer Award, with 677 people across the country receiving the honor. Liu Xingyi, assistant general manager of Weichai Power under Shandong Heavy Industry Group and vice president of the Weichai Central Research Institute, as well as president of the Electric Control Research Institute, was awarded the "New Era Youth Pioneer Award".

Empowered by engines, Shandong Heavy Industry Group - Weichai Shares Every Day with Workers

On April 30, the celebration of the International Workers' Day on May 1st and the commendation conference for the recipients of the May 1st Labor Award of Shandong Province were held in Jinan. The conference read out the "Decision of the Shandong Provincial Federation of Trade Unions on Commending the May Day Labor Award of Shandong Province and the Shandong Provincial Workers' Pioneer Unit".

From April 24 to 26, Man Shengang, Party Committee Secretary and Chairman of Shandong Heavy Industry Group, visited Japan to inspect the Weichai Tokyo Innovation Center and Lovol Osaka Innovation Center. He met with partners in technological innovation and high-end supply chains, and witnessed the signing of key cooperation agreements. Ma Changhai, Party Committee Member and Deputy General Manager of the Group, participated in the research activities.

On April 25, Sinotruk and Toyota Motor Corporation signed a strategic cooperation agreement at Toyota's headquarters in Nagoya, Japan. Man Shenggang, Party Committee Secretary and Chairman of Shandong Heavy Industry Group, and Yoichi Miyazaki, Executive Vice President of Toyota Motor Corporation, attended the signing ceremony and held discussions. Ma Changhai, Party Committee Member and Deputy General Manager of Shandong Heavy Industry Group, and Mitsumasa Yamagata, President of Toyota's Hydrogen Factory, also participated in the event.

On April 24, the launch ceremony for Shaanxi Automobile Heavy Truck's fully independent new energy "Smart Hub" brand under Weichai Power was held at Weichai (Yantai) New Energy Industrial Park. During the event, Weichai Power and Shaanxi Automobile Heavy Truck signed a strategic cooperation agreement with a major Shanghai client for 1,000 vehicles and delivered the first batch of trucks to a Xuchang customer.

From April 21 to 23, Man Shengang, Party Committee Secretary and Chairman of Shandong Heavy Industry Group, conducted market research in Hanoi and Ho Chi Minh City, Vietnam. During the trip, he met with strategic partners and major clients, attended key cooperation signing ceremonies, and worked to further optimize market strategy, build a comprehensive brand portfolio, and expand overseas growth, all contributing to the development of the China-Vietnam community with a shared future. Zhang Gengsheng, Group Party Committee Member and Deputy General Manager, participated in the research activities.

On the morning of April 23, as the All-China Federation of Trade Unions approaches its 100th anniversary, Weifang City launched its "Crafting Weifang" Employee Labor & Skills Competition and "Master Skills Benefit Enterprises" Model Worker Initiative at Weichai Industrial Park. The event also marked the grand opening of Weichai Group's first Craftsmen Week. The ceremony brought together 600 participants, including vice chairpersons from trade unions across Weifang's counties, districts, and municipal development zones, heads of industrial and government-affiliated unions, as well as model workers, master craftsmen, and Weichai Group representatives.

In the first quarter of 2025, Shandong Heavy Industry Group achieved a strong start with dual revenue-profit growth and sustained operational improvement, as all cadres and employees charged ahead with "starting-gun sprint" momentum to make breakthroughs across all business fronts.

On April 14, Shandong Heavy Industry Group held its economic performance analysis meeting for the first quarter of 2025. In the just-concluded quarter, the Group lived up to expectations, achieving dual growth in both revenue and profit, with profit increasing at a higher rate than revenue. Its operational efficiency outperformed industry standards, and its profitability remained the highest among provincial state-owned enterprises, marking a strong start to the year.

On April 15, Shandong Heavy Industry Group and China Logistics Group signed a strategic cooperation agreement in Jinan. Liu Jingzhen, Party Secretary and Chairman of China Logistics, and Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry, held a meeting and jointly witnessed the signing ceremony.

China’s first offshore hydrogen–ammonia–methanol integrated project, located in Yantai, Shandong Province, was recently completed and has officially entered the commissioning phase. This milestone marks a foundational step toward verifying the full process of offshore hydrogen production and sets the stage for the project’s operational launch.

On April 14, Shandong Heavy Industry Group convened its Q1 2025 Economic Performance Review Conference in Jinan, to thoroughly implement the guiding principles of the 20th National Congress of the Communist Party of China, the Second and Third Plenary Sessions of the 20th Central Committee, and the "Two Sessions", as well as to fully align with the strategic decisions of the provincial Party committee and government. The meeting summarized and analyzed the Group’s first-quarter economic performance, assessed the current internal and external environment, and strategically planned for the second quarter to further advance the Group’s high-quality development. Man Shengang, Party Secretary and Chairman of the Group, delivered a keynote address. Wang Zhijian, Deputy Party Secretary and General Manager, reported on the Group’s operational performance, while Ye Jianjun, Deputy Party Secretary and Director, presided over the meeting.

On April 10, Shandong Heavy Industry Group and the People’s Government of Xinxiang City, Henan Province signed a strategic cooperation framework agreement. Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry Group, and Wei Jianping, Mayor of Xinxiang, attended the discussion session and witnessed the signing ceremony.

In recent days, Shandong Heavy Industry Weichai has made a strong impression at major international exhibitions such as cippe2025 China International Petroleum & Petrochemical Technology and Equipment Exhibition in Beijing and Singapore Maritime Week (SMW), showcasing a wide array of core products.

At 9:16 a.m. on April 10, Train K8281 departed from Jinan Station, marking the official launch of the “Hospitable Shandong • Qilu No. 1” tourism train, the first of its kind to be named by Shandong Heavy Industry Group.

From April 7 to 8, Wang Zhijian, deputy Secretary of the Party Committee and general manager of Shandong Heavy Industry Group, went to Weifang to investigate the ownership enterprises such as Lovol Smart Agriculture, Shengrui Transmission, Weichai Power, etc., to learn more about the production and operation, product quality, market sales, scientific and technological innovation, and hold a special meeting to hear the reports on the economic operation in the first quarter. He also went to the party branch of the assembly line of Weichai Power No. 1 factory at the grassroots party building contact point to discuss and exchange.

On April 7-9, The MEE2025 took place in Dubai, UAE. Weichai Baudouin’s Safety series of high-end power generation power impressed the audience. The 6M31 diesel generator set and 20M61 diesel land-based generator set were released on site, which attracted the attention of global customers.

At 14:20 Beijing time on March 28, a 7.9-magnitude earthquake hit Myanmar, causing heavy casualties and property losses in Myanmar's Sagaing, Mandalay and Shan States and affecting the world.

On March 28, the Shandong Heavy Industry Group - Weichai Group Holds New Energy Business Strategic Transformation Promotion Meeting with theme of "New-quality power towards electricity and the future" was held in Yantai. The first battery product of Weichai - FinDreams (Yantai) New Energy Power Industrial Park rolled off the assembly line, marking the official operation of the first phase of the industrial park project. Party Secretary and Director of SASAC of Shandong Province, Party Secretary and Chairman of Shandong Heavy Industry Group Man Shengang, Deputy Party Secretary and Mayor of Yantai, Zheng Deyan attended the event.

2024 ANNUAL RESULTS OF WEICHAI POWER

Liu Ning, Party Secretary of Henan Province, and Wang Kai, Deputy Party secretary and Governor of Henan Province, led a delegation to Shandong from March 22 to 23. Lin Wu, Party Secretary of Shandong, Zhou Naixiang, Deputy Party secretary and Governor of Shandong, and Wang Yuyan, Deputy Party Secretary of Shandong and Secretary of the Political and Legal Committee attended relevant activities.

In the morning of March 19, the cooperation symposium between Shandong Heavy Industry Group and Shandong University and the signing activity of strategic cooperation between Weichai Group and Shandong University were held at the central campus of Shandong University. Ren Youqun, Secretary of the Party Committee of Shandong University, and Li Shucai, president of Shandong University, met with Man Shengang, Secretary of the Party Committee and chairman of Shandong Heavy Industry Group. Li Shucai and Man Shengang attended the discussion and exchange activities and delivered speeches.

KION Group presented its 2024 financial results at its headquarters in Frankfurt on February 27. The Company's fiscal year 2024 was marked by stable operations and strong performance - revenue increased slightly to €11.503 billion (2023: €11.434 billion); adjusted EBIT increased significantly to €917.2 million (2023: €790.5 million); adjusted EBIT margin increased to 8.0% (2023:6.9%); free cash flow reached €702 million (2023: €715.2 million) driven by strong results and significantly lower net working capital; consolidated net income increased year-on-year rising to 369.2 million euros (2023:314.4 million euros).

From February 23 to 25, Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, went to Saudi Arabia and Kuwait to investigate the development of export business, held a special dispatching meeting on the Middle East market, and visited strategic partners and major customers. Zhang Gengsheng, Member of the Party Committee and Deputy General Manager of the Group, participated in the investigation.

On February 25, the Off-line Delivery of Weichai's 800,000th and Launch of New-generation WP16NG4.0 Gas Engine was held in Chengdu with the theme of "Igniting the Future, Powering the Landscape", which once again demonstrated Weichai's unshakable hard core strength in the field of natural gas engines for commercial vehicles. Dealers, customer representatives, media reporters and other guests from across China witnessed this glorious moment.

On February 20, Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, arrived in Weifang to investigate Weichai Lovol Agricultural Machinery Factory and Weichai Central Research Institute, and discussed with Weichai's technology talents. Liu Yun, Secretary of the CPC Weifang Municipal Committee, and Ma Changhai, Member of the Party Committee and Deputy General Manager of the Group, participated in the investigation.

On February 2, the comprehensive resumption of operations across Weichai Group’s manufacturing system marked the first day back at work after the Chinese New Year. To usher in the year with a clear focus, the company convened a post-holiday safety “First Lesson” meeting. This initiative aimed to invigorate all personnel with heightened safety awareness, enforce accountability at every operational level, and ensure employees shift their focus promptly back to work, stepping seamlessly into their roles and responsibilities.