The mid-year report released by Weichai Power Co., Ltd., a leading company in the domestic machinery industry, on August 31, 2012 showed that despite operating revenue of approximately 27.06 billion yuan in the first half of the year, a year-on-year decrease of 26.1%, the company independently researched and developed and has intellectual property rights. The sales of the WP5 and WP7 engines were 2,708 units, a year-on-year increase of 78.4%. Among them, 2,382 units were supported by the passenger car market, which was a year-on-year increase of 227.3%, which was a major highlight of adversity. “Interim results are basically in line with expectations and are in line with the trend of the industry, and we still maintain an absolute advantage in key products. Due to the changes in the macroeconomic situation, the pressure of competition in the industry has increased, 'we force' us to accelerate the transformation and upgrade, and take 'endogenous growth'. , Innovation drives the development of the road.†Tan Xuguang, chairman of Weichai Power Co., Ltd., said that the company will continue to rely on continuous innovation in technology and international strategic cooperation to advance to the goal of the world's leading equipment group. Weichai Power has established five business segments including powertrain, construction machinery, core components, commercial vehicles, and yacht manufacturing. Incorporating the technological innovation of the corresponding business segment as the first and long-term strategy, the engine segment has been built. The medium-to-high-speed parallel transmission covers 2 liters to 289 liters and covers a full range of product platforms covering 25 horsepower to 10,000 horsepower. It has built the world's most advanced test center and analysis center, and has truly established a full-process product development system; Overseas academic leaders have established a large-scale high-tech talent team. Not only that, Weichai Power has also chosen counter-cyclical expansion strategies that have a certain connection with the main industry in the international market. In December 2008, it successfully acquired the 130-year-old Baudouin Yacht Engine Company in France. In January this year, it successfully acquired the Italian Ferretti Group, the world’s number one yacht brand. On September 3, Weichai Power also signed with the German KION Group. Strategic cooperation agreement, the acquisition of a 25% stake in Germany KION company and the acquisition of Linde hydraulic limited partnership 70% interest. Tan Xuguang stated that through the acquisition of Kaiou forklift trucks, Linde Hydraulics and adaptive development cooperation, Weifang Power will help Weifang Diesel to quickly master the world's leading high-end hydraulic technology and achieve comprehensive development in a variety of fields including construction machinery, agricultural machinery, yachts and aerospace. Breakthroughs quickly occupied the commanding heights of the hydraulics industry and drastically changed the long-term reliance on imported high-end hydraulic products in China. In the second half of this year, with the restart of a number of major infrastructure projects, the demand for major products in the machinery industry is expected to gradually improve. According to the prediction of the prosperity index of the equipment manufacturing industry in the Chinese economy, the equipment manufacturing industry in the third and fourth quarters will show a trend of recovery. If we take full account of the positive effects of the "steady growth" policy, the trend of rebound in the equipment manufacturing industry will become even more pronounced. In response, Weichai Power also disclosed that in the second half of the year, the company will further intensify the research and development of independent innovation, and do a good job in key products such as third-generation heavy trucks, AMT, and passenger car transmissions, parts and components, and national IV products. Bulk marketing work, and strive to achieve new breakthroughs. Lift Elevator,Small Elevators For Homes,Outdoor Lift Elevators,Elevators For Disabled OTSE Elevator Co., Ltd. , http://www.hz-elevator.com