There is no pressure on the full cost of orders at the beginning of the year
In January 2011, the production capacity was about 65,000 units, which reached the upper limit of the capacity of Weichai Power. Since the scheduling of Weichai Power's production depends on the order of the entire vehicle company, the company's inventory has not increased. From the perspective of the vehicle companies we know, there is no increase in inventory. Of course, it is not ruled out that dealers increase inventory in advance to prepare for the peak season in March.
Weichai Power Co., Ltd.'s share of cost in China and foreign countries is 75-78%, and the company has control over this part of the cost; Weichai Power's directly purchased scrap and scrap iron account for only about 10% of the cost. At the same time, the wages of the company's front-line employees did not increase
In 2010, the company sold 55-60,000 sets of various engines, including about 400,000 heavy-duty engines, with a market share of nearly 40%; more than 100,000 units of loader engines of more than 5 tons, and a market share of more than 80%; Big Bus Engine 4 Million units or so, the market share of 50%.
Weichai Power currently concentrates its products on 8-12 liters of engines, and will develop 5-7 liters of market in the future, mainly focusing on the medium and small excavator market and medium and small passenger car market.
The small and medium excavators have a market capacity of more than 100,000 units per year. Currently, they mainly rely on foreign imports. The company's product prices are only half that of imported products. Currently, it is being adapted to Sany, China United, and Liugong; the market capacity of medium and small passenger cars exceeds 300,000 annually. Taiwan, the company is currently and Yutong, Huanghai and other manufacturers.
The company's production capacity reserve is sufficient. The future capital expenditure is not large.
Weichai Power currently has an annual production capacity of 700,000 units, including an annual production capacity of 360,000 units in the old Weifang plant, a capacity of 240,000 units per year for the new plant 1, and an annual production capacity of 100,000 units for the new plant.
In the first quarter of 2011, the new 2 plants will also release 100,000 units of production capacity, basically meeting the 2011 production demand. At present, the company's new No. 3 plant and No. 4 plant have been completed, and as the production demand is gradually put into use, the company's future capital investment demand is not large.
Multiple hands ready to actively prepare for heavy vehicle IV standards
In the face of the national IV standards that may be implemented on January 1, 2012, the company has made adequate preparations. The company will mainly adopt the high pressure common rail + SCR technology route. At the same time, in order to cope with policies and consumer orientation, the company has also prepared for single pump + EGR or SCR solutions.
Weichai Power Co., Ltd. is a leading heavy-duty engine company in China. The expansion of product lines will increase the growth potential. At the same time, the company has cost control capabilities. In 2010, PE is only 12 times, which is obviously lower than the 15 times PE level of construction machinery.
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