Despite the dual pressures of declining international demand and intensified domestic competition in the equipment manufacturing industry, Shandong Heavy Industry Group delivered a hard - core answer sheet of “counter - trend growth” in the first half of 2025: a total revenue of 289.8 billion yuan, a year - on - year increase of 6%. It maintained its industry - leading position in core areas such as heavy - duty trucks and engines, interpreting the confidence of high - end equipment manufacturing “stable growth” with “China speed.”

“Chain - integrated innovation” in digital and intelligent products is the fundamental driving force. Shandong Heavy Industry has maintained an industry - leading level of R & D investment intensity. It has forged a competitive advantage for its products. Weichai launched a new generation of H/T2.0 high - efficiency engines, WP16NG4.0 gas engines, and power batteries equipped with blade - battery technology. China National Heavy Duty Truck has achieved a number of technological breakthroughs, successively releasing new products such as the SITRAK G7H gas - powered tractor, HOWO TS7 dump truck, and the 2025 - model HANJiang. Shantui’s SK135F - G wide - body vehicle has successfully completed a 1,500 - hour validation, laying a solid foundation for the development of future green and intelligent mining equipment. Weichai - Revo intelligent agriculture has developed 15kg/s and 18kg/s intelligent axial - flow and 8 - 10kg/s four - key threshing machines, and has also developed 18 - row high - speed electric - driven precision seeders and 24 - row compound precision drills.

“Deep - tilling” the domestic market is the foundation for growth. With a deep understanding of and refined operation in the Chinese market, Shandong Heavy Industry sold 96,000 heavy - duty trucks in the domestic market in the first half of the year, maintaining its No.1 market share, with China National Heavy Duty Truck holding the top position in the domestic industry for four consecutive years. Weichai sold 330,000 engines in the domestic market, with stable profit growth and a significant increase in sales of data - center - used engines. Zhongtong Bus seized the opportunity of the recovery of the public transport and group - travel markets, with domestic market sales and revenue increasing by 3% and 25.5% respectively in the first half of the year. Four of its products, including the H8E and H9, ranked in the top two in market share. Market share of agricultural equipment and engineering machinery has also seen a significant increase, with multiple highlights.

“Breaking through against the trend” in the overseas market is the engine for incremental growth. Shandong Heavy Industry’s export revenue in the first half of the year reached 47.4 billion yuan, a year - on - year increase of 3%. China National Heavy Duty Truck has been the top exporter in the industry for 20 consecutive years. The company delivered 154 high - performance engineering vehicles to Manila, the capital of the Philippines, where the country’s leaders personally attended and highly praised the reliable quality of the products. Weichai’s product exports saw high - growth, with high - value - added indicators optimizing the export structure. It sold 37,400 engines abroad, a year - on - year increase of 14%. Shantui expanded its overseas dealer network in 15 countries, including Indonesia, Vietnam, the Philippines, Serbia, Morocco, and Canada, effectively increasing market coverage in target regions. Zhongtong Bus exported 895 N - series pure - electric buses to Chile, creating a “new milestone” for brand globalization.

Facing global challenges and fierce domestic competition, Shandong Heavy Industry has forged hard - core products, solidified its market foundation, and expanded its global map. This impressive achievement of “three - force integration” is extremely valuable during the industry’s pressure - bearing period. It lays a solid foundation for building a “strong heavy industry” and injects strong resilience and powerful momentum into China’s high - end manufacturing. It has also set an excellent example of “steady progress and quality improvement” for the global equipment industry.

Source : www.chinabuses.org

Editor : Lucy

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