At the Weichai Power’s 2020 performance conference on March 31, an investor asked Weichai Power Chairman Tan Xuguang “Why is Weichai Power so good?” Lao Tan replied: Niu Niu Niu has invested heavily in Weichai Power’s R&D. !

It can be calculated from Weichai Power’s annual reports that the cumulative R&D investment in the past five years has exceeded 30 billion yuan, and R&D investment will account for 4.2% in 2020, making it one of the highest enterprises in the equipment manufacturing industry.

  "We invest so much money in research and development every year. I think that this will not only affect the creation of value for shareholders, but also create sustained and stable returns for shareholders. This is also the reason that Weichai Power's net profit has continued to rise steadily over the years. A very important condition." Tan Xuguang said.

In the process of increasing R&D investment, Weichai Power's profits have been rising steadily. Tan Xuguang proudly said that when Premier Li Keqiang inspected Weichai Power on May 24, 2019, I proposed to the Premier the proposal to increase the deduction of R&D expenses from 75% to 100%, which was included in the Prime Minister’s Government Work Report this year. It is especially emphasized that manufacturing enterprises will enjoy this policy. In the future, Weichai Power’s R&D investment will certainly not be less. Editor/Xu Shengpeng