000338 Weichai Power can be held cautiously or intervene on dips.
Recently, China's stock market has adjusted significantly. The Shanghai Composite Index has adjusted from 5170 points to 3000 points. Weichai Power's stock price has dropped from the previous high of 18.63 yuan to the current 9. yuan. The adjustment is basically in place, and there is room for decline. It's not big, so you can hold it cautiously or intervene on dips.
Introduction:
Weichai was founded in 1946 and is currently one of the strongest automobile and equipment manufacturing groups in China. The group has more than 55,000 employees worldwide and achieved operating income of 107.3 billion yuan in 2014, ranking second among the top 100 enterprises in China's machinery industry in 2014.
Weichai Group is the only company in China that has four major business platforms: complete vehicles, powertrains, luxury yachts and auto parts. It is an international company operating across fields and industries. Branch companies are spread across Europe, North America, Southeast Asia and other regions, and wholly-owned or holding subsidiaries have been established in many provinces and cities in China such as Shandong, Shaanxi, Hunan, Chongqing, Jiangsu, Fujian, Shanghai, and Beijing. The group's holding subsidiary - Weichai Power Co., Ltd. (HK2338, SZ000338) is an A+H listed company and the only company in China that owns power systems (engines, gearboxes, axles), heavy-duty vehicles, automotive electronics and parts. An enterprise group in the industry chain; another holding subsidiary - Weichai Heavy Machinery Co., Ltd. (SZ000880), its business covers a full range of large, medium and small ship power and power generation equipment product platforms, and was listed on the Shenzhen Securities Exchange in April 2007 listed. Among them, Weichai Power was listed on the Shenzhen Stock Exchange through a stock exchange and merger with Hunan Torch, becoming China's first blue chip stock to return from H shares to A shares through a stock exchange and merger, creating the "Weichai Model" in the capital market. On January 10, 2012, Weichai Group reorganized the world's largest luxury yacht manufacturing company - Italian Ferretti Company. The company began to enter the world's top yacht manufacturing field, and the industrial chain was further extended, marking the company's industrial structure adjustment and international development. A solid step forward. On September 3, 2012, Weichai Power, a subsidiary of the Group, signed a strategic cooperation agreement with the German Kion Group, one of the world's leading industrial forklift manufacturers and a global leader in hydraulic technology, marking a direct step forward in the company's core technology. It has entered the world's leading level, completely changing the situation of my country's long-term dependence on imports of high-end hydraulic products.
The group has a modern "national enterprise technology center" and a domestic first-class product experimental center, with "postdoctoral workstations" in the United States, Europe, and China's Weifang, Shanghai, Chongqing, Yangzhou, and Xi'an R&D centers have been established in other places to ensure that the company's technological level always keeps pace with the world's forefront. Relying on the world's leading R&D platform, the company has successively undertaken and participated in 22 countries' "863 projects", science and technology support plans, international cooperation plans and scientific and technological research projects, obtained 1,473 product and technology authorized patents, and presided over and participated in the formulation of industry and national standards. 45 items. Among them, the high-speed and high-power "Landking" engine and the WP7 series engine both meet the National V emission standards and have reached the international leading level in terms of economy, reliability, and environmental protection. In 2013, the company's "Key Technology and Industrialization of Heavy-Duty High-speed Diesel Engine" project won the second prize of the National Science and Technology Progress Award, breaking the foreign technology monopoly on heavy-duty high-speed diesel engines. In 2014, the company's independently developed ECU electronic control system was successfully equipped with natural gas engines, and the WP13 high-horsepower heavy-duty commercial vehicle engine was released and put on the market. The company's independent innovation capabilities have been significantly improved.
Weichai Group is the first in the domestic industry to pass GJB9001B, ISO9001 and ISO/TS16949 quality management system certification. It has established a service network consisting of more than 5,000 special maintenance service centers across the country, and has nearly There are 243 maintenance service stations, and the products are exported to more than 110 countries and regions including Russia, Iran, Saudi Arabia, Vietnam, Indonesia, and Brazil. Brands such as "Weichai Power Engine", "Fast Transmission", "Hande Axle" and "Shaanxi Automobile Heavy Truck"
are in a leading and dominant position in the domestic market, forming a brand cluster effect.