Weichai Power Co Ltd Class A

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Xincun, in order to implement a DRAM fundraising project. After the capital increase, Zhuhai Xincun's registered capital will change from 150 million yuan to 200 million yuan. The chairman of G-bits proposed a cash dividend of 100 yuan for every 10 shares for the first half of 2026. JinkoSolar will change the purpose of 29.7213 million repurchased shares from equity incentives to cancellation and reduction of registered capital. A controlled subsidiary of Lianchuang Co. plans to invest approximately 550 million yuan to build a project with an annual output of 12,000 tons of VDF and supporting industrial chain products. Huaqin Technology expects its annual revenue from super-node products alone to exceed 10 billion yuan. Yuanjie Technology expects net profit for the first half of the year to be between 600 million and 650 million yuan, a year-on-year increase of 1,196.91% to 1,304.98%. Zhongyi Technology expects net profit for the first half of the year to be between 150 million and 180 million yuan, a year-on-year increase of 879.55% to 1,075.46%. The chairman of Sungrow Power proposed a share buyback of 500 million to 1 billion yuan. The controlling shareholder of Weichai Power plans to increase its holdings of the company's A-shares by 200 million to 400 million yuan. A wholly-owned subsidiary of Kanghui Co. signed a computing power service contract, with an estimated total value of 415 million to 679 million yuan. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Technology through the issuance of shares and cash payment, entering the motor control chip sector. The company's shares will resume trading on July 22. A concert party of a shareholder holding more than 5% of Dongwang Times increased its total holdings in the company by 1.08%.

Weichai Power announced that its independently developed WP15 hydrogen direct-injection engine for heavy-duty vehicles has passed full China VI vehicle emission certification tests, making it the first heavy-duty hydrogen internal combustion engine globally to meet the stringent standard. The certification was conducted at the CATARC Automotive Test Center in Tianjin under the complete operating cycle required by China's national heavy-duty engine emission standards, covering cold start, low-speed idling, high-speed full-load, and transient variable load changes. The 14.6-liter engine delivers up to 600 horsepower and 2,800 newton-meters of torque with a maximum brake thermal efficiency of 46.8 percent, and it shares over 90 percent component commonality with conventional engine platforms to reduce costs. It is suited for long-haul trucks, mining dump trucks, port equipment, steel mill vehicles, and large hydrogen power generators. Weichai plans to accelerate mass production and support national hydrogen demonstration projects.

Weichai Power disclosed during an investor relations event that its data center power and energy business is showing strong growth, with a product portfolio covering multiple fuel types to meet global customer demand. Natural gas power generation products feature high value and high profitability due to strong market demand, and the company is accelerating product development and market expansion. SOFC products, as a clean and low-carbon distributed energy solution, are being pushed forward with full capacity construction, aiming to achieve mass production within the year. The company also stated it will increase cash dividends, with the combined amount of cash dividends and share buybacks in 2025 accounting for 65 percent of net profit attributable to the parent company, and will continue to balance company growth with shareholder interests, implementing an active and prudent dividend policy. In the first quarter of 2026, Weichai Power achieved revenue of 62.563 billion yuan and net profit attributable to the parent company of 3.085 billion yuan.