Introduction：Recently, people's network, China news network, phoenix network, public network, CSI network and other major media attention to Shandong Heavy Industry in the first half of the operating results of a new record, and decrypted behind the leading code, let's take a look at it together.

Product structure to lay the “foundation”. Through the “quality, innovation, cost reduction” management enhancement action, Shandong Heavy Industry benchmarked against the world's first-class continued to increase the investment of resources, enhance the quality of products, technology and cost competitiveness. Resolutely to “high-end, high value-added, high-tech” transformation, large bore engines, power shift tractors, high-horsepower construction machinery, high-end tour buses and other products in the domestic and international markets to achieve significant breakthroughs. In the first half of this year, Weichai data center generator set sales increased by 664% year-on-year; Shantui high-powered bulldozers, excavators increased by 35% year-on-year.

Overseas enterprises contribute to the “incremental”. Despite the increased volatility of the international market, Shandong Heavy Industry's overseas enterprises realized growth against the trend through strategic adjustment. KAO Group carried out reform and reorganization actively and steadily, laying the foundation for long-term healthy development. Italy's Faraday achieved continuous growth in revenue and profit, and further consolidated its global leading position in luxury yachts. France's Baudouin made new breakthroughs in the three major business areas of data center gensets, high-end yacht power and industrial power. PSI overcame the impact of tariff policy, seize the opportunity of the global big data center market development, the first half of the revenue and profit rose sharply year-on-year.

Strategic transformation accelerated “momentum”. The “first-mover advantage” of the three major transformations, namely new energy, digitalization and after-market, has gradually emerged. China National Heavy Duty Truck (CNHTC) focuses on the new energy heavy truck market, launching a full range of products covering charging, power exchange, fuel cell and other technology routes. Focusing on artificial intelligence and technological change, Weichai Leivo released the first “intelligent farm overall solution” that passes through the whole chain of intelligent agricultural data; Shantui launched the first AI intelligent bulldozer in the construction machinery industry. Weichai Leivo's high-end manufacturing base for high-horsepower tractors and Weichai (Yantai) New Energy Power Industrial Park were put into production. Four enterprises of Weichai Power, Shantui, Faster and Hande Axle were selected as “Excellent Intelligent Factories”.