On March 15, 2021, Shanghai Diesel Motor Co., Ltd. released its 2020 annual report. Data show that the company achieved operating income of 6.131 billion yuan, a year-on-year increase of 52%, net profit attributable to the parent of 203 million yuan, a year-on-year increase of 74%; deducted non-net profit of 152 million yuan, a year-on-year increase of 71%. The most noteworthy is that in 2020, it plans to distribute a cash dividend of RMB 0.83 to all shareholders for every 10 shares, achieving continuous dividends for 12 consecutive years.

Throughout the year, Shanghai Diesel Engine Co., Ltd. has repeatedly created "precedents" and ushered in a period of rapid development. Behind the strong growth of various indicators. All can reflect one word-"new"!

At the same time, both inside and outside, open up the market "new" field

2020 is the final year of the "13th Five-Year Plan" and the year of decisive victory in building a moderately prosperous society in all respects. Shanghai Diesel Motor Co., Ltd. sees the true chapter with its strength and battles sales. In 2020, the company's sales of vehicles, construction machinery, agricultural machinery and other markets have achieved rapid growth. The annual sales of diesel engines reached 162,177 units, a year-on-year increase of 69.33%, ranking first in the industry. It is worth noting that the launch of the new National III products for power stations such as 13E, 25K, 35W and other power plants of Shanghai Diesel Engines has achieved good results by virtue of its advantages of low fuel consumption, strong load capacity, and excellent reliability. A large part of this is used in the "new" field of the power station leasing market.

In the Gengzi Year, a large number of infrastructure projects in countries and regions along the Belt and Road were in the ascendant. While Shanghai Diesel Motor Co., Ltd. focused on the domestic market, it seized opportunities to fight overseas markets and accelerated the pace of international development. SAIC Motor's overseas sales in 2020 increased by 44.3% year-on-year.

Fully upgrade, adhere to the "new" four modernizations of the technological strategy

The concept of "carbon peak and carbon neutrality" has made important directions for the development of internal combustion engines. High efficiency, low carbon and zero environmental impact are also the technology development strategy "New Four Modernizations (platformization, standardization, new energy, intelligent Networking)” development direction. During the reporting period, the ECU (Electronic Control Unit) with independent core technology of Shanghai Diesel Engine Co., Ltd. was successfully ignited on the 7H six-cylinder engine, and the hybrid project for tractors and the hybrid project for truck cranes were completed. At the same time, D, R, E, H series diesel engines and E series natural gas engines of Shanghai Diesel Engine have reached the National VI emission standards and achieved mass production, laying a solid foundation for sustainable development in the future. It is worth mentioning that the smart manufacturing project passed the on-site acceptance by the Shanghai Municipal Commission of Economy and Information Technology in September 2020, and passed the "integration of industrialization and industrialization" review by the Shanghai Academy of Quality Science in December.

Received authoritative recognition and welcome the "new" honor of project products

Excellent product quality and perfect after-sales service are the confidence for Shanghai Diesel to obtain industry authority and market recognition. Four series of engines: M, R, H and E. The M series was selected as the honorary title of "China's Top Ten Engines" in 2020, becoming the industry power benchmark for wide-body light buses; the E series was rated by the well-known professional media "Commercial Vehicle News" "Ten years of classic model", and the E-series new energy natural gas engine was also honorably elected as the "Expert-recommended natural gas engine"; the R series was evaluated by Shangchai’s business partners as the "best partner for wide-body light passenger"; the H series was evaluated It is the "pioneer of medium and heavy truck power." An excellent company deserves its name.

Promote reorganization and create a "new" pattern of diesel engines + heavy trucks

At the end of the Gengzi Year, Shanghai Diesel Motor Co., Ltd. issued shares to purchase assets. After the completion of this reorganization, Shanghai Diesel Engine Co., Ltd. will be committed to creating a new pattern of coordinated development of the two industrial sectors of "heavy truck + diesel engine". Among them, the heavy-duty truck business will use Shangyihong, which is wholly-owned after the completion of this transaction, as a platform to become a leading enterprise in the field of commercial vehicle heavy-duty trucks; the diesel engine business will continue its position as a leading independent supplier in multiple fields in China.

Entering 2021, the sales volume of diesel engines of Shanghai Diesel Co., Ltd. has achieved a new record, laying a solid foundation for the subsequent sales volume to reach new highs. After the completion of the major asset reorganization, the development of Shanghai Diesel Engine Co., Ltd. will develop in coordination and achieve greater brilliance. See Editor of Daowang Machinery Column/Ge Siyu