Weichai Power Co., Ltd. — Interim / Quarterly Report 2021

Oct 29, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

濰柴動力股份有限公司 WEICHAI POWER CO., LTD.

(a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2338)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

Reference is made to an announcement made by Weichai Power Co., Ltd. (the “ Company ”) on the website of Shenzhen Stock Exchange dated 29 October 2021, which is for information only. The full text of the announcement in Chinese is published on the websites of the Stock Exchange and the Company.

By order of the Board of Directors Tan Xuguang Chairman and CEO

Weifang, Shandong, PRC

29 October 2021

As at the date of this announcement, the executive Directors of the Company are Mr. Tan Xuguang, Mr. Zhang Quan, Mr. Xu Xinyu, Mr. Sun Shaojun, Mr. Yuan Hongming and Mr. Yan Jianbo; the non-executive Directors of the Company are Mr. Zhang Liangfu, Mr. Jiang Kui, Mr. Gordon Riske and Mr. Michael Martin Macht; and the independent non-executive Directors of the Company are Mr. Li Hongwu, Mr. Wen Daocai, Ms. Jiang Yan, Mr. Yu Zhuoping and Ms. Zhao Huifang.

WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Stock Code: 000338 Abbreviation: Weichai Power Announcement No.:2021-078

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

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The Company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and without any mispresentation, misleading statements or material omissions.

IMPORTANT NOTICE:

1. The board of directors, the Supervisory Committee and the directors, supervisors and senior management warrant the authenticity, accuracy and completeness of the contents of this quarterly report, and that there are no false presentations, misleading statements or material omissions, and shall severally and jointly accept legal responsibilities.

2. The principal of the Company, the principal in charge of accounting and the head of accounting department (person in charge of accounting) warrant that the financial statements contained in the quarterly report are true, accurate and complete.

3. Whether the third quarterly report has been audited or not

□ Yes √ No

I. Major financial data

(I) Major accounting data and financial indicators

Whether the Company has made retrospective adjustment or restatement of accounting data of the prior years □ Yes √ No

Unit: RMB

				Change for the period
		Change for the reporting	From the beginning of	from the beginning of the
	Reporting period	period over the	the year to the end of the	year to the end of the
		corresponding period of		reporting period over the
		last year	reporting period	corresponding period of
				last year
Revenue (RMB)	40,040,801,184.08	-24.29%	166,428,696,591.61	12.92%
Net profit attributable to
shareholders of listed	1,468,699,563.00	-39.45%	7,900,344,390.88	11.18%
company (RMB)
Net profit attributable to
shareholders of listed
company after	1,293,907,852.32	-49.06%	7,264,414,281.89	6.31%
extraordinary gain/loss
(RMB)

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Net cash flows from
operating activities	——	——	3,666,981,151.53	62.75%
(RMB)
Basic earnings per share
	0.17	-44.95%	0.95	6.45%
(RMB/share)
Diluted earnings per
	0.17	-44.95%	0.95	6.45%
share (RMB/share)
Weighted average return
	2.10%	-2.85%	13.02%	-2.00%
on net assets
	As at the end of the reporting period		Change as at the end of the reporting period as compared to end of last year
		As at the end of last year
Total assets (RMB)	293,345,296,155.05	270,750,168,951.29	8.35%
Equity attributable to
shareholders of listed	70,144,515,431.14	51,202,320,240.95	36.99%
company (RMB)

(II) Extraordinary gain/loss items and amounts

√ Applicable □ N/A

Unit: RMB

		Amount from the beginning of the
Item	Amount for the reporting period
		year to the end of the reporting period
Gains or losses from disposal of non-current assets
(including the part of assets impairment provision	21,269,539.47	100,455,868.60
already made and written off)
Government subsidy accounted for in profit and loss
for the current period, excluding those closely
associated with the normal business of the Company	59,165,670.47	229,632,717.65
which were given in a fixed amount or volume on the
basis of certain standard and in compliance with
relevant state policies
Gain or loss on corporation restructuring, such as
		-16,776,998.80
expenditures on staff placement and integration costs
Profit and loss on the changes in fair value generated
from financial assets held for trading and financial
liabilities held for trading, and investment income
received from disposal of financial assets held for	147,371,728.50	474,677,786.39
trading, financial liabilities held for trading, and
available-for-sale financial assets, other than
effective hedging business relating to ordinary
operating business of the Company
Non-operating income and expenses other than the
	48,305,464.75	141,378,561.75
above items
Less: Effects of income tax	35,167,213.03	107,496,652.54
Effects of minority interests (after tax)	66,153,479.48	185,941,174.06
Total	174,791,710.68	635,930,108.99

Specific events of other items recorded in the profit and loss in accordance with the definition of extraordinary gain/loss items: □ Applicable √ N/A

The Company did not have other specific events of other items recorded in the profit and loss in accordance with the definition of extraordinary gain/loss items.

Notes on the extraordinary gain or loss items as defined in the Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No.1 - Extraordinary Gains or Losses defined as its recurring gain or loss items. □ Applicable √ N/A

The Company did not have any extraordinary gain or loss items as illustrated in the Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No.1 – Extraordinary Gains or Losses as its recurring gain or loss items.

2

WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

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(III) Information on and reasons for the changes of major accounting data and financial indicators

√ Applicable □ N/A

Unit: ten thousand RMB

Item on statements	As at the end of	As at the end of	Percentage	Reason
	the reporting	last year	change
	period
Financial assets held for trading	977,226.88	585,239.78	66.98%	It is mainly attributable to the increase in structured deposits in thisperiod.
Accounts receivables	2,406,471.47	1,542,187.86	56.04%	The main reason is that some completing set clients generally make the payment on credit terms and fully payoff at the end ofyear.
Receivables financing	1,252,778.83	948,367.81	32.10%	It is mainly attributable to the adjustment of bill payment methods.
Other payables	1,173,182.31	840,830.59	39.53%	It is mainly attributable to the increase in the volume of bonded warehouse business.
Item on statements	From the		Percentage	Reason
	beginning of	Corresponding	change
	year to the end	period of last
	of the reporting	year
	period
Finance expenses	-38,930.89	23,644.76	-264.65%	It is mainly attributable to the increase in interest income and the increase in foreign exchange gains in thisperiod.
Gain on change of fair value	17,942.26	-22,233.69	180.70%	It is mainly attributable to the increase in gains from cross currencyswapinstruments.
Impairment loss of credit	-18,041.88	-43,922.16	58.92%	It is mainly attributable to the decrease in the provisions for credit loss in respect of account receivables.
Net cash flows from operating activities	366,698.12	225,313.52	62.75%	It is mainly attributable to the increase in cash inflow from operatingactivities.
Net cash flows from financing activities	1,041,136.42	96,074.17	983.68%	It is mainly attributable to the decrease in cash paid for debt repayment in thisperiod.

II. Shareholders ’ Information

(I) Statement of the total number of holders of ordinary shares and holders of preference shares with restored voting rights, and the particulars of the shareholdings of the top 10 shareholders

Unit: share

Total number of shareholders of ordinary shares as at the end of the reporting period			Total number of shareholders of preference shares with restored voting rights as at the end of the reporting period	Total number of shareholders of preference shares with restored voting rights as at the end of the reporting period	Total number of shareholders of preference shares with restored voting rights as at the end of the reporting period	Total number of shareholders of preference shares with restored voting rights as at the end of the reporting period
	374,162				voting rights as at		0
					period
Information on shareholdings of the top ten shareholders
						Pledged, marked or frozen
					Number of restricted shares held
	Nature of shareholder	Percentage of shareholding		Number of shares held
Name of shareholder						Status of shares
								Number
HKSCC Nominees Limited	Foreign shareholder	22.22%		1,938,753,046
Weichai Group Holdings Limited	State-owned legal person	16.30%		1,422,550,620	1,345,905,600

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Hong Kong Securities Clearing Company Limited	Overseas legal person	Overseas legal person	5.72%	499,270,969	499,270,969
Weifang Investment Group Company Limited	State-owned legal person		3.40%	296,625,408		296,625,408
China Securities Finance Corporation Limited	Domestic non-state-owned legal person		1.87%	163,608,906
IVM Technical Consultants Wien Gesellschaft m.b.H	Overseas legal person		1.31%	113,938,700
UBS AG	Overseas legal person		0.83%	72,179,454		72,137,804
Tan Xuguang	Domestic natural person		0.67%	58,842,596		44,131,947
Hu Zhongxiang	Domestic natural person		0.58%	50,804,566
GIC PRIVATE LIMITED	Overseas legal person		0.55%	47,854,514		47,313,414
Information on shareholdings of the top ten non-restricted shareholders
		Number of non-restricted shares held			Types of shares
Name of shareholder
					Types of shares		Quantity
HKSCC Nominees Limited			1,938,753,046		Overseas listed foreign shares
							1,938,753,046
Hong Kong Securities Clearing Company Limited			499,270,969		RMB ordinary shares
							499,270,969
China Securities Finance Corporation Limited			163,608,906		RMB ordinary shares
							163,608,906
IVM Technical Consultants Wien Gesellschaft m.b.H			113,938,700		RMB ordinary shares
							113,938,700
Weichai Group Holdings Limited			76,645,020		RMB ordinary shares
							76,645,020
Hu Zhongxiang			50,804,566		RMB ordinary shares
							50,804,566
ChinaAMC Fund –Agricultural Bank –ChinaAMC China Securities and Financial Assets Management Program			33,002,800
					RMB ordinary shares
							33,002,800
Dacheng Fund – Agricultural Bank – Dacheng CSI Financial Assets Management Program			31,855,600		RMB ordinary shares
							31,855,600
Harvest Fund — Agricultural Bank of China — Harvest CSI Financial Asset Management Plan			31,831,295		RMB ordinary shares
							31,831,295
ICBC Credit Suisse Fund — Agricultural Bank — ICBC Credit Suisse China Securities and Financial Assets Management Program			30,645,000
					RMB ordinary shares
							30,645,000
			Among the aforesaid shareholders, Mr. Tan Xuguang is the chairman of Weichai Group Holdings Limited. The Company is not aware whether there is any connected relationship among the aforementioned shareholders, or whether there is any acting in concert relationship among them.
Statement on the connected relationship or acting in concert relationship among the aforementioned shareholders
			Among the top ten shareholders of the Company, Hu Zhongxiang held 48,804,566 shares through his client credit trading guaranteed securities account.
Description of top 10 shareholders’ involvement in financing and securities lending businesses

4

WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

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(II) Total number of shareholders of preference shares and information on shareholdings of the top ten shareholders of preference shares of the Company

□ Applicable √ N/A

III. Other Important Events

□ Applicable √ N/A

IV. Quarterly Financial Statement

(I) Financial Statement

1. Consolidated balance sheet

Prepared by: Weichai Power Co., Ltd.

30 September 2021

Unit: RMB

Items	30 September 2021	31 December 2020
Current assets:
Cash and cash equivalents	66,326,899,289.43	62,216,111,509.25
Settlement provisions
Capital lent to other financial
institutions
Financial assets held for trading	9,772,268,820.88	5,852,397,849.29
Derivative financial assets
Notes receivable	17,408,998,158.44	19,296,491,612.98
Accounts receivable	24,064,714,724.84	15,421,878,611.33
Receivable financing	12,527,788,264.55	9,483,678,101.82
Prepayments	1,384,903,159.80	1,095,016,121.17
Insurance receivables
Reinsurance receivables
Contract reserve of reinsurance
receivables
Other receivables	1,601,067,776.93	1,409,858,869.61
Incl: Interests receivable	178,319,376.93	18,120,356.78
Dividends receivable	3,040,000.00	53,353,905.03
Purchase restituted financial assets
Inventories	30,000,828,909.77	31,226,156,809.77
Contract assets	3,312,615,378.10	1,385,150,902.30
Assets held for sale	55,241,362.10	24,237,289.50
Non-current assets due within one
	3,446,259,927.10	3,179,721,675.00
year
Other current assets	2,968,292,893.99	1,924,109,398.31
Total current assets	172,869,878,665.93	152,514,808,750.33

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Non-current assets:
Granted loans and advances
Debt investments
Other debt investments
Long-term receivables	9,650,104,187.90	9,622,504,650.00
Long-term equity investments	6,991,214,521.63	4,944,359,514.39
Investment in other equity
	4,030,653,025.03	2,411,112,072.96
instruments
Other non-current financial assets	492,983,960.64	243,013,050.00
Investment property	671,107,061.23	682,163,758.85
Fixed assets	33,226,512,334.36	31,722,827,681.55
Construction in progress	6,154,904,891.84	5,046,193,396.84
Productive biological assets
Oil and gas assets
Right-of-use assets	6,090,607,527.71	7,714,233,013.45
Intangible assets	22,465,391,313.33	23,825,708,656.91
Development expenditure	296,354,511.58	287,116,831.24
Goodwill	23,963,895,305.73	24,665,842,392.79
Long-term prepaid expenses	272,404,466.92	252,157,738.41
Deferred tax assets	5,403,969,283.05	6,251,213,473.80
Other non-current assets	765,315,098.17	566,913,969.77
Total non-current assets	120,475,417,489.12	118,235,360,200.96
Total assets	293,345,296,155.05	270,750,168,951.29
Current liabilities：
Short-term loans	5,903,458,299.41	5,731,086,536.96
Loans from central bank
Capital borrowed from other
financial institutions
Financial liabilities held for trading	112,725,760.37	57,504,235.74
Derivative financial liabilities
Notes payable	29,195,444,875.81	22,970,493,736.20
Accounts payable	42,081,873,776.32	45,449,924,996.39
Advances from customers
Contract liabilities	13,196,382,135.84	15,547,391,077.33
Selling financial assets of
repurchase
Absorbing deposit and interbank
deposit
Security trading commission
Security underwriting fees
Payroll payable	6,117,407,128.09	5,490,721,420.68
Taxes payable	1,919,119,220.75	2,180,739,782.32
Other payables	11,731,823,105.75	8,408,305,895.50
Incl: Interests payable	59,875,902.72	71,075,433.98
Dividends payable	1,765,391,841.15	384,173,120.51

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Handling fees and commission
payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within
	12,448,159,030.21	11,274,647,277.08
one year
Other current liabilities	8,141,117,192.01	6,601,767,024.57
Total current liabilities	130,847,510,524.56	123,712,581,982.77
Non-current liabilities:
Insurance contract reserve
Long-term borrowings	12,858,301,096.61	12,026,638,367.24
Bonds payable	6,185,047,560.21	8,702,767,425.04
Incl: Preference shares
Perpetual bonds
Lease liabilities	5,443,649,700.24	7,235,898,107.78
Long-term payables	7,194,169,553.19	7,004,697,931.12
Long-term payroll payable	11,772,193,366.13	14,200,680,302.61
Accruals and provisions	437,560,079.20	509,080,971.37
Deferred income	4,466,608,989.63	4,996,880,280.64
Deferred tax liabilities	4,624,550,865.56	5,049,832,969.04
Other non-current liabilities	7,526,125,973.28	6,877,782,237.66
Total non-current liabilities	60,508,207,184.05	66,604,258,592.50
Total liabilities	191,355,717,708.61	190,316,840,575.27
Equity holders’interest:
Share capital	8,726,556,821.00	7,933,873,895.00
Other equity instruments
Incl: Preference shares
Perpetual bonds
Capital reserves	12,378,747,699.75	180,552,538.58
Less: Treasury shares
Other comprehensive income	-592,845,826.51	-2,250,826,767.79
Special reserves	264,122,689.85	223,430,167.81
Surplus reserves	1,630,243,076.46	1,630,243,076.46
General risk provision
Retained earnings	47,737,690,970.59	43,485,047,330.89
Total equity attributable to equity
	70,144,515,431.14	51,202,320,240.95
holders of parent company
Minority interests	31,845,063,015.30	29,231,008,135.07
Total equity holders’interests	101,989,578,446.44	80,433,328,376.02
Total liabilities and equity holders’
	293,345,296,155.05	270,750,168,951.29
interests

Legal Representative: Principal in charge of accounting: Head of accounting department: Tan Xuguang Qu Hongkun Qu Hongkun

7

WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

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2. Consolidated income statement from the beginning of the year to the end of the reporting period

Unit: RMB

		Amount for corresponding period of last
Items	Amount for the current period
		year
1. Total revenue	166,428,696,591.61	147,383,645,209.28
Including: Revenue	166,428,696,591.61	147,383,645,209.28
Interest income
Premium income earned
Handling fees and
commission income
2. Total cost of sales	154,757,001,870.38	137,032,625,053.30
Including: Cost of sales	134,465,185,077.75	118,656,800,121.61
Interest expenses
Handling fees and
commission expenses
Payments on surrenders
Claim expenses-net
Provision for insurance
liability reserve - net
Policyholder dividends
Expenses for reinsurance
Taxes and surcharges	592,879,624.49	601,358,072.48
Distribution and selling
	8,943,126,131.85	8,157,149,086.25
expenses
General and administrative
	6,107,063,043.81	5,333,466,021.05
expenses
Research & development
	5,038,056,925.53	4,047,404,162.20
expenses
Finance expenses	-389,308,933.05	236,447,589.71
Incl: Interest expenses	791,498,731.48	891,408,351.78
Interest income	1,196,350,896.26	951,822,946.93
Add: Other income	236,412,656.28	203,441,775.94
Investment income (losses are
	499,899,039.29	549,444,198.67
indicated with“-”)
Including: Investment income
	201,725,183.76	172,503,978.33
from associates and joint ventures
Income from
derecognition of financial assets at
amortised cost
Foreign exchange gains (losses
are indicated with“-”)
Gains on net exposure hedging
(losses are indicated with“-”)
Gains on fair value changes
	179,422,623.77	-222,336,944.49
(losses are indicated with“-”)
Credit impairment losses
	-180,418,795.19	-439,221,610.01
(losses are indicated with“-”)

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Asset impairment losses (losses
	-228,809,445.67	-238,027,166.04
are indicated with“-”)
Gain on disposal of assets
	107,031,935.50	34,131,673.14
(losses are indicated with“-”)
3. Operating profit (losses are indicated
	12,285,232,735.21	10,238,452,083.19
with“-”)
Add: Non-operating income	204,438,911.21	244,417,771.23
Less: Non-operating expenses	64,266,638.29	80,825,941.45
4. Total profits (total losses are indicated
	12,425,405,008.13	10,402,043,912.97
with“-”)
Less: Income tax expenses	2,234,517,623.24	1,700,461,325.53
5. Net profits (net losses are indicated
	10,190,887,384.89	8,701,582,587.44
with“-”)
(1) Breakdown by continuity of
operations
1. Net profit from continuing
operations (net losses are indicated with	10,190,887,384.89	8,701,582,587.44
“-”)
2. Net profit from discontinued
operations (net losses are indicated with
“-”)
(2) Breakdown by attributable interests
1. Net profit attributable to
	7,900,344,390.88	7,105,815,774.83
shareholders of the parent
2. Minority interests	2,290,542,994.01	1,595,766,812.61
6. Net other comprehensive income after
	2,357,157,457.05	-1,380,307,429.36
tax
Net other comprehensive income
attributable to shareholders of the parent	1,657,980,941.28	-659,889,515.44
after tax
(1) Those other comprehensive
income not to be reclassified into profit	-294,967,602.99	-207,561,489.26
or loss
1. Changes arising from
	-223,822,796.96	-295,720,715.20
re-measurement of defined benefit plan
2. Other comprehensive income
not to be reclassified into profit or loss	-4,480,204.89	11,509,465.23
using the equity method
3. Change in fair value of
	-67,257,220.09	76,649,760.71
investment in other equity instruments
4. Change in fair value of
credit risk of enterprise
5. Others	592,618.95
(2) Those other comprehensive
income to be reclassified into profit or	1,952,948,544.27	-452,328,026.18
loss
1. Other comprehensive
income to be reclassified into profit or	2,276,305.71	2,225,611.96
loss using the equity method
2. Change in fair value of
other debt investments
3. Amount of financial assets
to be reclassified and taken to other
comprehensive income

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

4. Provision for impairment
of credit in respect of other debt
investments
5. Cashflow hedgingreserve	-358,029,440.54	-13,405,264.73
6. Exchange differences on
	2,308,701,679.10	-441,148,373.41
foreign currencytranslation
7. Others
Net other comprehensive income
	699,176,515.77	-720,417,913.92
attributable to minorityinterests after tax
7. Total comprehensive income	12,548,044,841.94	7,321,275,158.08
Total comprehensive income
	9,558,325,332.16	6,445,926,259.39
attributable to the owners of theparent
Total comprehensive income
	2,989,719,509.78	875,348,898.69
attributable to minority interests
8. Earnings per share
(1) Basic earnings per share	0.95	0.90
(2) Diluted earnings per share	0.95	0.90
Legal Representative: Tan Xuguang	Principal in charge of accounting: Qu Hongkun	Head of accounting department: Qu Hongkun

3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period

Unit: RMB

		Amount for corresponding period of last
Item	Amount for the current period
		year
1. Cash flows from operating activities:
Cash received from sale of goods
	136,574,020,209.88	108,929,251,800.80
and provision of services
Net increase in customers’
deposit and interbank deposit
Net increase in loans from central
bank
Net increase in capital borrowed
from other financial institutions
Cash received from premiums of
original insurance contract
Net cash received from reinsurance
Net increase in policyholder
deposit and investment
Cash received from interests,
handlingfees and commission
Net increase in capital borrowed
Net increase in cash received
under repurchasing
Net cash received from entrusted
sale and purchase of securities
Refunds of taxes	469,615,984.91	292,456,839.25
Other cash received relating to
	1,895,010,392.62	1,374,220,056.13
operating activities
Subtotal of cash inflows from operating
	138,938,646,587.41	110,595,928,696.18
activities
Cash paid for purchase of goods
	99,574,719,358.01	76,698,934,539.15
and receivingof services
Net increase in customers’loans
and advances

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Net increase in fund deposited in
central bank and interbank
Cash paid for claims under original
insurance contract
Net increase in capital lent to other
financial institutions
Cash paid for interests, handling
fees and commission
Cash paid for dividends to
policyholders
Cash paid to and for staff	21,240,223,219.40	19,702,093,091.17
Cash paid for all types of taxes	6,420,478,671.19	5,709,319,779.04
Other cash paid relating to
	8,036,244,187.28	6,232,446,075.89
operating activities
Subtotal of cash outflows from
	135,271,665,435.88	108,342,793,485.25
operating activities
Net cash flows from operating activities	3,666,981,151.53	2,253,135,210.93
2. Cash flows from investing activities:
Cash received from disposal of
	22,725,041,593.04	17,751,275,254.33
investments
Cash received from return on
	378,001,186.48	218,684,838.92
investments
Net cash received from disposal of
fixed assets, intangible assets and other	151,450,960.43	58,957,692.29
long-term assets
Net cash received from disposal of
subsidiaries and other business units
Other cash received relating to
	64,024,128.99	330,715,289.89
investing activities
Subtotal of cash inflows from investing
	23,318,517,868.94	18,359,633,075.43
activities
Cash paid for acquisition and
construction of fixed assets, intangible	4,107,909,087.79	4,268,889,906.24
assets and other long-term assets
Cash paid for investment	31,154,910,774.26	24,447,988,862.09
Net increase in pledged loans
Net cash paid for acquisition of
	484,037,907.99	905,880,222.43
subsidiaries and other business units
Other cash paid relating to
	74,098,283.27	51,090,310.82
investing activities
Subtotal of cash outflows from
	35,820,956,053.31	29,673,849,301.58
investing activities
Net cash flows from investing activities	-12,502,438,184.37	-11,314,216,226.15
3. Cash flows from financing activities:
Cash received from capital
	13,048,844,163.68	170,821,375.34
contributions
Including: Cash received by
subsidiaries from capital contributions	98,087,748.64	170,821,375.34
of minority shareholders
Cash received from borrowings	7,664,896,595.04	26,150,277,861.10
Other cash received relating to
	121,685,928.69	4,115,474,675.37
financing activities

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WEICHAI POWER CO., LTD. THIRD QUARTERLY REPORT FOR 2021

Subtotal of cash inflows from financing
	20,835,426,687.41	30,436,573,911.81
activities
Cash paid for repayment of
	6,121,185,577.39	26,018,582,363.12
borrowings
Cash paid for distribution of
	3,364,435,708.85	2,060,379,396.09
dividends, profit or for interest
Including: Dividends and profit
distributed to minority shareholders by	680,136,035.10	436,145,982.66
subsidiaries
Other cash paid relating to
	938,441,197.42	1,396,870,485.36
financing activities
Subtotal of cash outflows from
	10,424,062,483.66	29,475,832,244.57
financing activities
Net cash flows from financing activities	10,411,364,203.75	960,741,667.24
4. Effects of changes in exchange rates
	-215,340,282.33	-97,558,467.21
on cash and cash equivalents
5. Net increase in cash and cash
	1,360,566,888.58	-8,197,897,815.19
equivalents
Add: balances of cash and cash
equivalents as at the beginning of the	52,825,088,009.11	42,285,584,925.16
period
6. Balances of cash and cash
	54,185,654,897.69	34,087,687,109.97
equivalents as at the end of the period

(II) Explanation of the adjustments to the financial statements

1. Information of adjustments made to the opening financial statements for the year of first adoption of the new standard on leases since 2021

□ Applicable √ N/A

2. Explanation of the retrospective adjustments made to the comparative figures of prior periods due to the first adoption of the new standard on leases since 2021

□ Applicable √ N/A

(III) Auditors’ report

Whether the third quarterly report has been audited or not

□ Yes √ No

The third quarterly report of the Company is unaudited.

WEICHAI POWER CO., LTD. Tan Xuguang, Chairman 29 October 2021

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