(MENAFN)
A major powertrain producer in China, Weichai Power Co., Ltd, said in a report that its net profits saw an expansion of 5.2 percent in 2019 compared with the earlier year.
The company said in its yearly financial report that its net profits that are attributable to shareholders increased to set at a total of USD1.29 billion in the year.
The company also saw a rise of 9.5 percent in its business revenue to stand at a total of USD24.57 billion.
Tbe company predicts that its sales in the current year 2020 to hit about USD26.56 billion, a rise of 8 percent since a year ago.
Weichai power is going to keep raising its research and development input and important technologies breakthrough in order to make more competitive goods.
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