In the first quarter of 2025, all employees of Shandong Heavy Industry Group approached the year with a strong 'sprint from the start' mentality, tackling challenges head-on and driving breakthroughs across all areas. The entire team worked together, focusing all efforts to achieve impressive results, with both revenue and profit showing significant growth and operational quality steadily improving, marking a strong start to the year.
A strong start has fueled even greater momentum, with flags waving proudly as the company rides the wave of success. Shandong Heavy Industry Group’s subsidiaries have sounded the call to “Pushing Hard in Q2, Striving to Outperform in the First Half.” They have held meetings to fully implement the spirit of the Group’s Q1 Economic Operation Analysis, tackling challenges, breaking down tasks and ramping up efforts. This has sparked a wave of urgency, with teams racing against the clock, striving for progress and going all-in to achieve exceptional results.
Weichai Group
On April 17, Weichai Group held its Q1 Economic Performance Analysis Conference to review and analyze its operations and identify existing challenges in the first quarter, and systematically plan for the second quarter. The conference emphasized that Q2 is a critical period, bridging the first and second halves of the year. Effective measures must be implemented to address gaps, strengthen weak points, leverage strengths and eliminate bottlenecks. The Group will focus on driving strategic transformations in three key areas: new energy, digital intelligence and the aftermarket. Additionally, Weichai will actively work on increasing growth in overseas markets. With the spirit of 'Never falter, always lead, always strive for first,' the Group is committed to putting in maximum effort during Q2 to ensure that all targets and tasks for the first half of the year are achieved, continuing to lead the way and shoulder important responsibilities in Shandong Heavy Industry Group's journey toward high-quality development.
China National Heavy Duty Truck Group
On April 19, SINOTRUK held its 2025 Q1 Economic Operation Analysis Conference. During the conference, leaders emphasized the need to carefully assess and align second-quarter efforts with key objectives, ensuring the effective implementation of strategic directives from Shandong Heavy Industry Group. Leaders called for a clear understanding of both internal and external market conditions, with a strong focus on operational targets and intensifying efforts for the second quarter. The Group is fast-tracking its transformation in three key areas: new energy development, digital transformation and aftermarket services. The conference also stressed the need to maintain a constant sense of urgency and crisis awareness. The Group is committed to strengthening its independent control over core technologies and continually improving core competitiveness. Employees were encouraged to maintain entrepreneurial passion, seize market opportunities with precision, explore further cost-saving and expense control measures, improve systematic management and enhance process control. With unwavering confidence and determination, the Group is committed to achieving its key performance targets for the first half of the year.
Shantui Construction Machinery Co., Ltd.
On April 15, Shantui Construction Machinery Co., Ltd. held a special meeting to communicate and implement the insights from Shandong Heavy Industry Group’s Q1 Economic Operation Analysis Conference. The meeting stressed that all departments must accurately assess the current internal and external market conditions, ensuring alignment with the key points of the speech—especially addressing the major challenges in current development and the strategic priorities outlined by the Group. Departments should systematically plan for the second quarter, break down specific tasks, clarify strategies, define the direction and ensure accountability at all levels. Shantui Construction Machinery Co., Ltd. is accelerating its focus on two key strategic areas: high-horsepower machinery and new energy products. It is speeding up the development of strategic products, aiming to introduce more industry-leading innovations that challenge monopolies. The company will deepen its efforts to improve product quality, enhance product validation capabilities and strengthen process assurance. Additionally, Shantui Construction Machinery Co., Ltd. will advance the development of a comprehensive audit system and continue to refine its modern governance system, specifically tailored to the needs of state-owned enterprises in China. With this focused approach, the company is fully committed to driving strong performance in the second quarter and ensuring the completion of key operational targets for the first half of the year.
Weichai Lovol Intelligent Agriculture
On April 17, Weichai Lovol Intelligent Agriculture held a leadership meeting to mobilize all managers and employees to pursue second-quarter success and achieve first-half goals. The meeting emphasized the need to understand the broader trends in agricultural machinery development and accelerate the transformation of new energy, digitalization and aftermarket services. By setting industry-leading standards, the company will foster a premium mindset across the entire value chain, speeding up innovations, process upgrades and smart manufacturing. Leaders also stressed the importance of boosting confidence, seizing opportunities in the agricultural machinery market, expanding the competitive advantage of core products and increasing efforts to grow overseas exports, setting a benchmark for agricultural machinery exports. To achieve these goals, the meeting urged unity of effort, with leadership leading the charge, actively engaging in initiatives focused on “Quality, Innovation, Cost Reduction”, and participating in the “Never falter, always lead, always strive for first” cultural campaign. By fully completing these tasks, the company is committed to playing a leading role in driving high-quality development in China’s agricultural machinery sector.
Zhongtong Bus
On April 14, Zhongtong Bus held a mobilization meeting themed 'Sprint for Q2, Win the First Half.' The meeting emphasized that all managers and employees must thoroughly review second-quarter goals and plans, identify any gaps, address weaknesses and establish clear action steps. The focus is on seizing key opportunities, accelerating progress and pushing forward with a strong sense of confidence and determination to meet all targets and complete all tasks. It is crucial to swiftly communicate and implement the directives from Shandong Heavy Industry Group’s meeting, ensuring accountability at every level. Tasks should be broken down into clear, actionable steps, with leaders taking ownership, accurately assessing the situation, and staying firmly committed to development goals. Execution must be focused and thorough, with enhanced collaboration and support across all teams. All efforts should be forward-looking, anticipatory and tailored. The company is fully committed to achieving strong results in the second quarter and ensuring the successful completion of key performance targets for the first half of the year.
Shandong Heavy Industry Group is pressing forward with a profound sense of urgency—“time waits for no one”—and a strong sense of mission—“if not us, who?”—transforming its first-quarter success into a springboard for even greater achievements in the second quarter. This remarkable first-half performance is laying a solid foundation for delivering high-quality growth throughout the year.
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