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Net profit of 94 listed suppliers drops 42 percent

BEIJING – Total net profit of 94 domestic-listed suppliers dropped 42.11 percent to ¥12.96 billion ($2.04 billion) in the first half of 2015, due to the weak macro economy and increased material costs, according to 2015 semi-annual reports released by these suppliers as of August 31.     Sales revenues

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Revenues of China’s public-listed suppliers increase 14.9 percent in 2013

BEIJING – Combined revenues of China’s 20 public-listed suppliers grew by 14.9 percent on a yearly basis to ¥261.545 billion ($41.847 billion) in 2013, reported Gasgoo.com recently. Their combine net profits during the year were ¥15.15 billion, up 15.7 percent. Huayu Auto overtook Weichai Power as the No. 1 in

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Revenues of China’s listed suppliers up 13.6 percent through September

BEIJING – Combined revenues of China’s 20 public-listed suppliers grew by 13.6 percent on a yearly basis to ¥191.904 billion ($31.491 billion) in the first three quarters of this year, with net profits of ¥11.177 billion up 15.7 percent, reported Gasgoo.com recently. Overtaking Weichai Power, Huayu Auto ranked the first

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Revenues of 20 public-listed suppliers increase 11.7 percent through June

BEIJING – Combined revenues of China’s 20 public-listed suppliers grew by 11.7 percent on a yearly basis to ¥128.64 billion ($21 billion) in the first half of this year, with net profits of ¥7.641 billion, up 13.1 percent, reported Gasgoo.com recently. Overtaking Huayu Auto, Weichai Power moved up to the

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Top Chinese heavy-duty truck makers forging ahead with engine development

China’s National Development and Reform Commission finally approved CAMC Hualing Auto’s 50,000-unit heavy-duty engine project, under application status since 2010. To date, seven of the top eight Chinese heavy-duty truck makers are using self-developed engines. As the heart of heavy-duty trucks, engines have also become a stepping stone for overseas

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Weichai launches common rail diesel engine electronic system

WEIFANG, Shandong – Weichai Power announced the introduction of its self-developed high pressure common rail electronic control system of heavy-duty diesel engines on May 8, reported China Automotive News. Weichai Power started the self R&D of ECU (Electronic Control Unit), the core part of the electronic system, in 2008. The

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Honeywell turbo technology recognizes as best supplier by Weifang Diesel

SHANGHAI – Automotive turbochargers developer Honeywell has received a best supplier award from Weifang Diesel, the largest diesel engine manufacturer in China, according to a company press release. Honeywell turbo technology was recognized for its overall service level in 2011, strong technical support, excellent business cooperation, on-time delivery and innovation.

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Weichai Power’s net profit nearly doubles in 2010

WEIFANG, Shandong – Weichai Power Co., Ltd., a leading diesel engine manufacturer in China, announced on March 31 that its net profit nearly doubled to ¥6.78 billion ($1.0 billion) in 2010, thanks mainly to the rapid development of the country’s macro economy. The company reported sales revenue of ¥63.3 billion

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Weichai pursuing Yaxing Bus as engine giant eyes downstream

Yaxing Automobile Group Corp., majority shareholder of Yaxing Motor Coach Co., Ltd., announced on November 1 plans to transfer all or part of its 53.71 percent shares in the bus manufacturer to an affiliate of Shandong Heavy Industries Group. This affiliate, according to industry experts, is non-other than Weichai Holding

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