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.

This encouraging beginning has galvanized the entire group. With banners flying high, all subsidiaries have sounded the charge to "intensify Q2 efforts and secure first-half victory." They have held meetings to thoroughly implement the spirit of the Group's Q1 economic performance analysis session, identifying challenges, assigning tasks, and building momentum. A fervent campaign has quickly taken shape to "race against time for progress and spare no effort for outstanding results."

Weichai Group

On April 17, Weichai Group convened its Q1 economic performance review meeting to analyze operational results and identify challenges, while systematically planning Q2 initiatives. The meeting emphasized that Q2 represents a pivotal transitional period for the year, requiring effective measures to address weaknesses, strengthen advantages, and break through bottlenecks. The Group will fully advance strategic transformations in three key areas: new energy, digital intelligence, and aftermarket services, while actively expanding overseas market opportunities. Moving forward, leading courageously, and aiming for number one, Weichai will drive outstanding Q2 performance to ensure all H1 targets are met, maintaining its vanguard role in Shandong Heavy Industry Group's high-quality development.

Sinotruk Group

On April 19, Sinotruk Group held its Q1 2025 economic performance review meeting. The meeting emphasized the need to comprehensively assess Q2 tasks against set objectives and fully implement Shandong Heavy Industry Group's strategic directives. The company must maintain a clear understanding of internal and external challenges, intensify efforts in Q2 to meet operational goals, and accelerate strategic transformations in new energy, digital intelligence, and aftermarket services. A sense of urgency must be upheld to strengthen core technological independence and enhance competitive advantages. With unwavering entrepreneurial drive, Sinotruk will expand markets precisely, optimize cost controls, refine management systems, and strengthen process oversight, ensuring key H1 performance indicators are achieved with absolute confidence and determination.

Shantui

On April 15, Shantui held a special meeting to convey and implement the spirit of Shandong Heavy Industry Group's Q1 economic performance analysis session. The meeting emphasized that all units must accurately assess current internal and external challenges, thoroughly align with the addressed priorities, particularly key development obstacles and the Group's focal initiatives, and systematically plan Q2 operations by breaking down tasks, clarifying strategies, defining directions, and reinforcing accountability. Accelerated efforts will focus on two strategic frontiers: high-horsepower products and new energy offerings, with expedited R&D to deliver more industry-leading, monopoly-breaking technologies. The quality enhancement campaign will intensify while boosting product validation and manufacturing process capabilities. The audit system will be strengthened to refine the modern SOE governance framework with Chinese characteristics. These concerted actions will drive outstanding Q2 performance to ensure across-the-board success in the first half.

Weichai Lovol Smart Agriculture

On April 17, Weichai Lovol Smart Agriculture convened an executive meeting to mobilize all cadres and employees for a full-force push in Q2 to secure first-half targets. The meeting emphasized three key directives: First, grasp industry megatrends and accelerate strategic transformation in new energy, digital intelligence, and aftermarket services, while benchmarking against global leaders to cultivate premium positioning across the value chain through innovation breakthroughs, process upgrades, and smart manufacturing deployment. Second, bolster market confidence by capitalizing on agricultural machinery opportunities to expand dominance in core products and intensify overseas expansion, establishing new export benchmarks. Third, consolidate organizational strength by having leaders spearhead the "Quality-Innovation-Cost Reduction" initiative and the "relentless effort, industry leadership, and uncompromising excellence" cultural campaign to achieve all targets, cementing the company's pioneering role in advancing China's high-quality agricultural equipment development.

Zhongtong Bus

On April 14, Zhongtong Bus held a mobilization meeting titled "Sprint Through Q2 and Secure Victory in the First Half." The meeting emphasized that all cadres and employees must comprehensively review the quarter's objectives, identify gaps, address shortcomings, and implement measures to meet critical milestones, accelerate progress, and drive execution with unwavering confidence and determination to achieve all targets. It called for promptly disseminating and implementing the spirit of Shandong Heavy Industry Group's conference, assigning responsibilities at every level, breaking down tasks in detail, and demonstrating accountability. Participants were urged to accurately assess the situation, stay committed to development goals, ensure strict implementation, strengthen collaborative support, and enhance the foresight, anticipation, and precision of all initiatives. The aim is to fully dedicate efforts to Q2 and guarantee the successful completion of all major operational targets for the first half of the year.

Shandong Heavy Industry Group is pressing forward

with a sense of urgency that time waits for no one

and a mission driven mindset that asks who but us can rise to the challenge.

Building on the strong momentum of its winning start in Q1,

the Group is now turning those gains into a springboard to scale new heights in Q2.

With a resounding half year triumph,

it aims to secure a decisive victory for high quality growth throughout the year.