Shandong Heavy Industry Group Holds 2026 Annual Work Conference

On January 15, Shandong Heavy Industry Group held its 2026 Annual Work Conference in Weifang. The meeting reviewed the group’s business performance in 2025, analyzed the current internal and external environment, and outlined the “15th Five-Year Plan” strategy as well as key tasks for 2026.

During the conference, the group recognized outstanding units, teams, and individuals from 2025. It also officially announced its seventh business segment—Power and Energy—and signed 2026 business target responsibility agreements with its subsidiary companies. Wang Zhijian, Party Secretary and Chairman of Shandong Heavy Industry Group, delivered a keynote speech, while Ye Jianjun, Deputy Party Secretary and Director, chaired the meeting.

In 2025, Shandong Heavy Industry Group benefited from structural growth in the industry and expanding export opportunities, while actively responding to market competition at home and abroad. The group reported operating revenue of RMB 604.5 billion for the year, up 9.9% year on year. Overall operating performance continued to improve, market competitiveness strengthened, export operations expanded further, overseas businesses developed steadily, and strategic transformation made solid progress.

Looking ahead to 2030, Wang Zhijian said the group will take “technology empowering better equipment” as its mission and accelerate its transformation toward greener, more global, digital, and ecosystem-driven development. The goal is to build a technology-leading, green, world-class multinational high-end equipment group. Future progress will be measured against four key benchmarks: market competitiveness, technological leadership, brand influence, and strategic management capability.

For 2026, Wang emphasized the need to pursue higher development goals while maintaining high-quality growth. Key priorities include strengthening the domestic market, expanding exports through localization and brand upgrades, improving the quality and efficiency of overseas operations, accelerating technology innovation with a customer-focused approach, advancing green and intelligent development, enhancing lean management and financial discipline, improving governance systems, and building a strong talent base supported by corporate culture.

Wang also highlighted the importance of building future-oriented teams. He called for knowledge-driven teams that are open and inclusive, reform-minded teams that embrace change, entrepreneurial teams that are proactive and ambitious, and role-model teams that value integrity, responsibility, and discipline.

The conference also honored companies, teams, and individuals for achievements in performance, innovation, new energy transformation, digital development, market expansion, manufacturing excellence, and customer service.

During the event, Shandong Heavy Industry Group officially launched its Power and Energy business segment. The group plans to expand into areas such as power generation equipment for global data centers and solid oxide fuel cell systems, aiming to cultivate new strategic growth drivers.

At the meeting, Wang Zhijian signed 2026 business target responsibility agreements with subsidiary companies. Leaders from Weichai Group, SINOTRUK, Shantui, Weichai Lovol Smart Agriculture, Zhongtong Bus, and KION Group delivered statements on their development plans.

After the conference, participants visited a new product and technology exhibition, showcasing the group’s latest achievements in high-end equipment and advanced technologies.

More than 700 participants attended the meeting, including group executives, management from major subsidiaries, overseas management representatives, and employee representatives from across the group.

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