“Never Slackening, Always Leading the Way, Always Striving for First Place”—the "Three Perseverances" Spirit is the cultural core of Shandong Heavy Industry Group and also the "spiritual code" that helped the company become an industry benchmark in the first half of 2025. Under the guidance of this spirit, Shandong Heavy Industry not only achieved dual growth in revenue and profit but also united the formidable strength of its 160,000 employees, becoming a paragon of high-quality development in the high-end equipment manufacturing sector.

The spirit of "Never Slackening" is reflected in its strategy. In terms of technological research and development, Shandong Heavy Industry maintained an industry-leading level of R&D investment intensity in the first half of the year, continuously upgrading its innovation matrix centered on national-level scientific and technological innovation platforms, overseas innovation centers, and R&D application communities. In terms of management efficiency, the company organized management improvement actions focusing on "quality, innovation, and cost reduction," promoted quality improvement and efficiency enhancement across the entire chain, and adhered to the principle of "strong headquarters, large industries, fewer levels, and broader scope" to optimize organizational structure and build a "five-type" headquarters, thereby improving the control level of the large group. In terms of team building, the company established standards with "ten leading practices" and organized theme education activities such as "one family, one heart, one effort, and certain success," creating a passionate entrepreneurial team.

The courage to "Always Lead the Way" is demonstrated in its transformation. Shandong Heavy Industry accelerated the three major strategic transformations in new energy, digital intelligence, and after-sales market, continuously strengthening its product advantages. Weichai released a new generation of high-thermal-efficiency engines and high-horsepower gas engines, while Sinotruk launched a full series of new energy heavy-duty trucks with multiple technological routes. Focusing on the AI revolution, Weichai Leovo released the domestic "Smart Farm Overall Solution," and Shantui launched the industry's first AI intelligent bulldozer. New-quality productive forces are accelerating release, with the completion and commissioning of Weichai Leovo's high-horsepower tractor high-end manufacturing base and Weichai (Yantai) New Energy Power Park. Four of its subsidiaries—Weichai Power, Shantui, Fast Gear, and Hande Axle—were selected as "Outstanding Intelligent Factories."

The belief to "Always Strive for First Place" is reflected in its achievements. In the first half of this year, Shandong Heavy Industry achieved a total revenue of 289.8 billion yuan, a year-on-year increase of 6%; total profit of 14.97 billion yuan, a year-on-year increase of 6.9%, with profitability leading the entire industry and ranking first among provincial-owned enterprises. Heavy-duty truck sales reached 212,000 units, with market share rising to 40.9%, among which Sinotruk maintained the top position in China's heavy-duty truck industry. New energy heavy-duty truck sales increased by 242% year-on-year, ranking first in the industry. Market share of agricultural equipment and construction machinery also saw significant improvement. The proportion of high-end product sales continued to rise, with products such as large-bore engines, power-shifting tractors, high-horsepower construction machinery, and high-end tourist buses achieving significant breakthroughs in both domestic and international markets.

Cultural soft power is transformed into hard development power. Shandong Heavy Industry is accelerating the construction of a corporate culture system with "Never Slackening, Always Leading the Way, and Always Striving for First Place" as its core, creating a good atmosphere of striving for excellence and passionate work. The company organized theme education activities such as "one family, one heart, one effort, and certain success," and implemented measures benefiting employees, such as enterprise annuities and supplementary medical insurance. The cohesion, sense of belonging, and satisfaction of employees and cadres have been continuously improved. This dual incentive of "spirit + material" has united 160,000 employees into "one rope," propelling the group to continuously move towards becoming a "world-class" enterprise.

Source : www.chinabuses.org

Editor : Olivia

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