Shandong Heavy Industry Posts 6% Revenue Growth in First Half of 2025

Shandong Heavy Industry reported a 6% year-over-year revenue increase in the first half of 2025, reaching 289.8 billion yuan (approximately $40 billion), despite global economic headwinds and slowing demand in the manufacturing sector.

The group, also known as Shandong Heavy Industry Group, cited innovation, strong domestic sales, and stable international growth as key drivers of its performance. The company maintained its leadership in core sectors including heavy trucks and powertrains.

Weichai Power, a core subsidiary, introduced several new products, including the H/T2.0 high-efficiency engine, the WP16NG4.0 natural gas engine, and a battery pack utilizing blade battery technology.

China National Heavy Duty Truck Group (CNHTC), another major subsidiary, launched new models such as the Shandeka G7H gas truck, the HOWO TS7 dump truck, and the 2025 edition of its Hanjiang vehicle. Meanwhile, Shantui completed 1,500-hour testing on its SK135F-G wide-body mining truck, targeting smart and sustainable mining solutions.

In agriculture, Weichai Lovol rolled out intelligent harvesters and electric-drive seeders across a range of specifications, supporting the development of precision farming technologies.

Shandong Heavy Industry strengthened its position in the domestic market, selling 96,000 heavy-duty trucks in the first half of 2025. SINOTRUK remained the top-selling brand in China for the fourth consecutive year. Weichai Power sold 330,000 engines domestically, with notable growth in data center applications.

Zhongtong Bus recorded a 3% increase in domestic sales and a 25.5% revenue rise. Four of its models, including the H8E and H9, ranked among the top two in market share. Agricultural and construction equipment also saw improved market penetration.

Shandong Heavy Industry’s overseas revenue rose 3% to 47.4 billion yuan in the first half of the year. CNHTC remained China’s top heavy truck exporter for the 20th straight year, including a delivery of 154 trucks to Manila, Philippines.

Weichai Power exported 37,400 engines, a 14% increase from the previous year. Shantui expanded its dealer network with 15 new partners across countries including Indonesia, Vietnam, Serbia and Canada.

Zhongtong exported 895 pure electric buses to Chile, marking a milestone for its international business.

Shandong Heavy Industry said its results reflect the company’s focus on innovation, market resilience, and globalization. Amid ongoing global uncertainty, the group continues to position itself as a major player in China’s advanced manufacturing sector and a growing force in international equipment markets.

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