1. The company mainly produces heavy-duty engines. Its holding subsidiaries Shaanxi Heavy Duty Truck and Shaanxi Fast Gear produce heavy trucks and gearboxes respectively. The company's engine products are mainly supported by the downstream heavy truck industry, accounting for about 55%-60%; followed by construction machinery, accounting for about 35%-40%; passenger vehicles, ships and other industries supporting about 5%. The company's engine products in the construction machinery industry mainly include Longgong, Liugong and other companies in addition to Xiagong; the major supporting companies in the heavy truck industry are Shaanxi Heavy Duty Truck, Beiqi Foton, and Jianghuai Automobile. Among heavy trucks of Shaanxi Heavy Duty Truck, 30%-35% are special vehicles for construction machinery and 55%-60% are used for logistics. The gearboxes produced by Shaanxi Fast Gear are mainly used for heavy trucks and have a domestic market share of more than 80%.
2. Benefited from the country's policy of expanding domestic demand, the market demand for the company's products has picked up. The major downstream products of the company's engine products are construction machinery and heavy trucks. The construction machinery directly benefits from the country’s policy of increasing fixed assets investment, while the special trucks used in heavy trucks and construction machinery will also benefit from this, and the heavy truck needs for logistics It will also pick up in the economic recovery. Judging from the orders currently received by the company, the order status in February was significantly better than that in January. March was better than February, but the number of orders in March was still different from the same period of last year.
3. The company’s exports accounted for a relatively small amount and were not affected by the international market fluctuations. The direct export of the company's products accounted for a relatively small proportion, 5.77% in the first half of 2008, taking into account the indirect exports through the engine supporting, the company's export ratio should be about 10%, so the weakness of the international market has little effect on the company.
4. The company's EGR engine products have been listed on the announcement and are being pushed to the market after the catalogs on the main engine plant. The company is cautious about the promotion of EGR engine products, which is mainly due to the technical advantages of high-pressure common-rail engine products: (1) fuel consumption savings of 5%-7%; (2) 60% lower failure rate than Euro II products; 3) The indicators including engine vibration have been greatly improved. In addition, the company has already developed a Euro VI emission standard engine on the basis of the high-pressure common rail technology, and has fully prepared for the upgrade of future emission standards. At present, the company is cooperating with upstream suppliers and downstream host manufacturers to carry out high pressure common rail heavy truck promotion activities.
5. The restructuring of large state-owned companies in Shandong Province is expected to become a catalyst for the company's share price. According to recent media reports, on March 4, Shandong Province issued a draft of the “Shandong Provincial Automobile Industry Adjustment and Revitalization Planâ€, which clearly stated that it supported the joint reorganization of Weichai Holding Group, Shandong Automobile Group and Shangong Group. From the current point of view, integration is at the group level and has no direct impact on listed companies, but the news is expected to stimulate the company's stock price to rise.
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