Man Shengang Attends the 2025 Weichai Lovol Intelligent Agriculture Global Suppliers Conference and Delivers a Speech

The 2025 Weichai Lovol Intelligent Agriculture Global Suppliers Conference, themed "Move Forward, Lead Courageously, and Aim for Number One", took place on January 6. Man Shengang, Secretary of the Communist Party of China (CPC) Committee and Chairman of Shandong Heavy Industry Group, and Yang Shengyan, Member of the Standing Committee of CPC Weifang Municipal Committee and Deputy Mayor, delivered speeches. Wang Zhijian, Deputy Secretary of the CPC Committee and General Manager of Shandong Heavy Industry Group, and Ma Changhai, Member of the CPC Committee and Deputy General Manager, attended the conference. Over 500 suppliers and partners of Weichai Lovol attended the conference.

In his speech, Man Shengang highlighted Shandong Heavy Industry Group's sustained high-quality growth over the past year, noting the new records achieved in key performance indicators. Weichai Lovol embraces the prestigious mission of ensuring China's food security and maintaining the nation's food supply. The company plays a crucial role in leading the transformation and upgrading of agricultural machinery in China, fostering innovative ecosystems in intelligent agriculture, and establishing itself as a world-renowned agricultural machinery brand. Shandong Heavy Industry Group will continue to increase its investment in resources and production factors to boost the core competitiveness, global influence, and brand soft power of Weichai Lovol, aiming to enhance its strength, quality, and scale. We will collaborate with our global partners to forge a closer community of shared values, interests, and future, creating a new ecosystem for China's agricultural machinery industry chain characterized by cutting-edge technology, superior quality, efficient services, and integrity.

Yang Shengyan highlighted in his speech that Shandong is a leading agricultural province in China, with Weifang's agricultural strength ranking among the top in the province. The city is committed to advancing new quality productive forces through sci-tech innovation, while also nurturing and expanding advanced manufacturing clusters in fields such as power equipment and intelligent agricultural machinery. Weichai Lovol, China's leading agricultural machinery brand, sustained its rapid growth in 2024, maintaining its position at the forefront of the industry with exceptional business performance. With superior services and robust support, we are dedicated to helping Weichai Lovol focus on its main business and relentless innovation. We are fully committed to advancing the Weifang intelligent agricultural machinery industry cluster toward higher-quality development.

At the conference, Weichai Lovol celebrated outstanding suppliers for the year 2024 and unveiled its business plan and supply chain strategy for 2025. To foster deeper collaboration with global suppliers and partners and jointly establish a more sophisticated, efficient, and competitive global supply chain, Weichai Lovol, together with global suppliers, has officially launched the R&D community plan. The aim is to accelerate agricultural machinery technology innovation and enhance its international competitiveness. Weichai Lovol has launched an initiative to promote integrity focused on ethics, diligence, and honesty. The company has signed integrity agreements with supplier representatives, aiming to foster a transparent, uncorrupted, and efficient procurement environment.

Weichai Lovol, a leading enterprise in China's agricultural machinery industry chain and the largest agricultural machinery company in China, made significant strides in 2024 despite industry downturns, thanks to strong support from its global partners. The company reported operating revenue of RMB 17.4 billion, marking a year-on-year increase of 18%, and export revenue of RMB 1.83 billion, up 38% year on year, setting a new industry record. Over the past year, Weichai Lovol has continuously innovated and reached new milestones, establishing an industry-leading position in power shift and CVT tractors. It stands as the only Chinese enterprise to achieve mature product serialization and commercialization. The company launched China's first harvester with an 18 kg/s feeding rate and unveiled the "Lovol Smart Agriculture Cloud" comprehensive solution, accelerating the advancement of China's agricultural machinery toward high-end and intelligent development. Spearheaded by Weichai Lovol, the Weifang, Linyi, and Rizhao Intelligent Agricultural Machinery Equipment Cluster was recognized as an advanced manufacturing cluster by the Ministry of Industry and Information Technology in 2024.