Event: We recently conducted research on Weichai Power. Comments: We believe that the first-quarter performance of Weichai Power is expected to exceed expectations. The reasons are as follows: Early-season season, profitability is at a high level, and the performance base in the same period last year was low. We initially forecast that Weichai Power's sales of heavy trucks and engines will increase by more than 30% in the first quarter, and net profit growth may exceed 150%. It is reported that the diesel engine coverage of Weichai Power has been expanded to 2-33L. In the future, it will not only enter the high-end areas such as special vehicles and yachts, but also enter the light commercial vehicle market with large market capacity. The market diversification strategy adapted to this has also progressed smoothly, and the development space and long-term development capability of Weichai Power have been effectively guaranteed. Prior to this, many people believed that it was a general trend for heavy truck OEMs to seek the production of their own engine and other core components. Weichai Power’s long-term development capability may be seriously threatened. We think this worry is really worrying. The high-power diesel engine industry has a high threshold, and it is difficult for general enterprises to enter. 1.5 Ton Electric Straddle Stacker
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