Is Weichai Power a State-owned Enterprise?

Not a state-owned enterprise.

Weichai Power Co., Ltd. (HK2338, SZ000338) was established in 2002. It was founded by Wei Chai Holding Group Co., Ltd. as the main sponsor, in conjunction with domestic and foreign investors. China's internal combustion engine industry is listed on H shares in Hong Kong, and it is also a company that has returned to the mainland from overseas to re-list on A shares.

In 20 18, the enterprise realized operating income of1592.56 billion yuan and net profit of 8.658 billion yuan. Wei Chai has established a service network consisting of more than 5,000 special service centers all over the country and more than 500 overseas service stations, and its products are exported to more than 1 10 countries and regions.

Extended data:

Weichai Power Business Division:

The company has always adhered to the two-wheel drive business strategy of product management and capital operation, devoted itself to building products with three core competitiveness: quality, technology and cost, and successfully built a pattern of coordinated development of powertrain, vehicle and intelligent logistics, with brands such as Weichai Power Engine, Fast Transmission, Hande Axle, Shaanxi Automobile Heavy Truck and Linde Hydraulic.

Weichai Power takes "green power, international Wei Chai" as its own responsibility and "customer satisfaction" as its purpose, forming a unique corporate culture. Facing the future, Wei Chai released its strategy for 2020-2030. By 2020, the traditional business will surpass the world-class level, and by 2030, the new energy business will lead the development of the global industry and strive to build a respected international strong enterprise.

Wei Chai-Company Profile