Weichai Power Co., Ltd. provided earnings guidance for the year ending March 31, 2018. For the year, based on a preliminary review the company expects of the consolidated management accounts of the company, the Group is expected to record approximately RMB 1,770 million to RMB 2,120 million in the net profit attributable to the shareholders of the parent for the three months ending 31 March 2018, representing an increase of approximately 50% to 80% as compared with that for the three months ended 31 March 2017. Such increase in the net profit attributable to the shareholders of the parent was mainly due to (i) the structural reformation of the Group which improved the comprehensiveness of its products and in turn strengthened the Group's competitiveness and market share, (ii) the successful venture into non-road machinery including construction machinery, agricultural equipment and industrial power, and (iii) an increase in the sales of the company's main products for the three months ending 31 March 2018, which, in turn, was attributable to the recovery of the infrastructure investment and the continual development of the logistics market.
Weichai Power Co Ltd is a China-based company primarily engaged in the research and development, production and sales of powertrain, complete vehicle and key components. The Company's main businesses include powertrain business, commercial vehicle business, agricultural equipment business and smart logistics business. The Company's main products include a full range of engines, gearboxes, axles, hydraulic products, heavy-duty vehicles, forklifts, supply chain solutions, fuel cell systems and components, agricultural equipment, automotive electronics and components and others. The Company mainly operates its businesses in the domestic and overseas markets.
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