潍柴动力2025 中期报告

Contents Corporate Information2Financial Summary6Management Discussion and Analysis7Auditors’ Review Report39Reviewed Financial StatementsConsolidated Balance Sheet40Company Balance Sheet43Consolidated Income Statement45Company Income Statement47Consolidated Statement of Changes in Equity48Company Statement of Changes in Equity50Consolidated Cash Flow Statement51Company Cash Flow Statement53Notes to Financial Statements55Supplemental InformationSchedule of Extraordinary Profit and Loss324Return on Net Assets (“RONA”) and Earnings Per Share (“EPS”)325Other Information326 公司資料 Corporate Information DirectorsExecutive Directors Ma Changhai(Chairman)Wang Decheng(General Manager)Huang Weibiao(appointed on 10 February 2025)Sun ShaojunYuan HongmingMa Xuyao Non-executive DirectorsZhang LiangfuRichard Robinson SmithMichael Martin Macht Richard Robinson SmithMichael Martin Macht Independent Non-executive Directors Jiang YanChi DeqiangZhao FuquanXu BingTao Huaan (ACCA) Company SecretaryHu Yunyun(ACCA) Secretary to the BoardWang Li Securities Affair Representative Wu Di197, Section A, Fu Shou East StreetHigh Technology Industrial Development ZoneWeifangShandong ProvinceThe People’s Republic of ChinaPostal Code: 261061Tel: (86) (536)-229 7056Fax: (86) (536)-819 7073Website: http://www.weichaipower.com 197261061(86) (536)-229 7056(86) (536)-819 7073http://www.weichaipower.com 公司資料（續） Corporate Information (Continued) Authorised RepresentativesMa ChanghaiHu Yunyun Registered Address and Headquartersof the Company 197261061(86) (536)-229 7056(86) (536)-819 7073http://www.weichaipower.com 197, Section A, Fu Shou East StreetHigh Technology Industrial Development ZoneWeifangShandong ProvinceThe People’s Republic of ChinaPostal Code: 261061Tel: (86) (536)-229 7056Fax: (86) (536)-819 7073Website: http://www.weichaipower.com Place of Business in Hong Kong Unit 2102-03, China Merchants TowerShun Tak Centre168-200 Connaught Road CentralHong Kong 168-2002102–03 Legal AdvisorReed Smith Richards Butler LLP AuditorKPMG Huazhen LLP Audit Committee Jiang Yan(Chairman)Chi DeqiangZhao FuquanXu BingTao Huaan 公司資料（續） Corporate Information (Continued) Strategic Development and InvestmentCommittee Michael Martin Macht Remuneration Committee Jiang Yan(Chairman)Zhang LiangfuZhao Fuquan Nomination Committee Chi Deqiang(Chairman)Ma ChanghaiJiang Yan(appointed as a member of the Nomination Committeeon 27 March 2025)Xu Bing(resigned as a member of the Nomination Committeeon 27 March 2025) (ESG) Environmental, Social and Governance (ESG)Committee(Established on 27 March 2025) Ma Changhai(Chairman)Wang DechengHuang WeibiaoJiang YanChi Deqiang Principal Bankers Industrial and Commercial Bank of ChinaChina Construction Bank CorporationBank of ChinaHSBC 公司資料（續） H Hong Kong H-Share Registrar and TransferOffice 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong Share Information Number of issued shares as at30 June 2025:8,715,671,296 Shares(6,772,631,296 A Shares,and 1,943,040,000 H Shares) 8,715,671,2966,772,631,296A1,943,040,000H H1,000HA100A Investors and Media Relations (86) 536-229 7056(86) 536-819 7073www.weichaipower.com Capital Operation DepartmentTel: (86) 536-229 7056Fax: (86) 536-819 7073Website: www.weichaipower.com (852) 2851 1038(852) 2598 1588www.wsfg.hk 財務概要 Financial Summary 113,1520.6% •Revenue amounted to approximately RMB113,152 million, an increase ofapproximately 0.6%. •Net profit attributable to the shareholders of the parent amounted toapproximately RMB5,643 million, a decrease of approximately 4.4%. 5,6434.4% (Important notice: This report is published in Chinese and English versions. In case ofinconsistency, the Chinese version shall prevail.) 管理層討論與分析 Management Discussion and Analysis The Directors are pleased to present a management discussion and analysis ofthe results of operations of the Group for the six months ended 30 June 2025(the “Period” or the “reporting period”) as follows: I.Industry Analysis The Company is one of the vehicle and equipment manufacturingconglomerates in the PRC with the best comprehensive strengths. Ourdevelopment vision is to build a technology-leading, green and world-classmultinational group of high-end equipment. Over the years, the Companyhas been dedicated to product management and capital operation andstriving to develop competitive products in terms of three key aspects:quality, technology and cost-effectiveness, thereby developing anindustrial landscape of synergetic development among segments includingpowertrains, commercial vehicles, agricultural equipment and intelligentlogistics. 1. 1.Commercial Vehicles, Construction Machineryand Agricultural Equipment Industries In the first half of 2025, global economic growth was sluggish, withthe external environment remaining complicated and challenging.The domestic economy continued to