In the first three quarters of 2010, Weichai achieved an operating income of 46.915 billion yuan, an increase of 84% year-on-year, and a net profit attributable to the parent company of 4.8 billion, an increase of 101.5% year-on-year, and an EPS of 5.76 yuan. The rapid growth of Weichai's operating revenue mainly benefits from the continued heavy truck and construction machinery market. In 2010, the sales growth of Weichai heavy truck engines is expected to reach 63%, and the annual share of the heavy truck industry will increase by 2%. Shaanxi Automobile's performance of Weichai Holdings performed well, with cumulative growth of 72.8% in the first nine months of 2010, directly boosting Weichai's performance. At the same time, the growth of Weichai Construction Machinery engines is also very strong.
Weichai is a leading heavy-duty diesel engine company and is expected to take the lead in mass promotion of new WP12 products this year. In the future, we hope to further integrate the heavy truck industry chain and improve the competitiveness of Weichai. In 2011, regulations for the heavy-duty truck industry GB1589-2004 and GB7258-2004 are likely to be revised. If the revision is confirmed next year, it will help increase the upgrading requirements of the industry, and the upgrade of emission regulations is expected to be more likely to be implemented in 2012 or 2013. Part of the hedging of the negative impact of real estate regulation on the industry.
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