Weichai Lovol Submits Third HKEX Filing, Targeting "Hong Kong’s First Smart Agriculture Stock"
NewTimeSpace News: Weichai Lovol Intelligent Agricultural Technology Co., Ltd. submitted its third listing application to the Hong Kong Stock Exchange on 22 June, with China International Capital Corporation (CICC) acting as the sole sponsor. According to Frost & Sullivan, by sales revenue, the Company ranks No.1 in China’s agricultural machinery equipment market with a 22.4% market share and also takes the top spot in China’s intelligent agricultural machinery market with a 38.1% market share. In 2025, the Company recorded total revenue of approximately RMB18 billion and adjusted net profit of around RMB991 million.
NewTimeSpace News: Weichai Lovol Intelligent Agricultural Technology Co., Ltd. lodged its third listing application with the Hong Kong Stock Exchange on 22 June 2026, and CICC has been appointed as the sole sponsor.
Founded in 2004, the Company is a leading integrated smart agriculture solution provider in China, dedicated to advancing sustainable agricultural development through the integration of complete sets of intelligent agricultural machinery and smart agricultural technologies. It manufactures and sells tractors, harvesting machinery and farm implements covering all agricultural links including soil preparation, planting, field management, harvesting, straw treatment and grain drying, with a strategic focus on high-end and intelligent agricultural machinery equipment.
Per Frost & Sullivan industry data measured by sales revenue, the Company holds the leading position in China’s agricultural machinery equipment market with a 22.4% market share, and ranks first in China’s intelligent agricultural machinery market, capturing 38.1% of the market. In 2025, the Group’s total revenue reached roughly RMB18 billion, including domestic revenue of about RMB15.6 billion and overseas revenue of approximately RMB2.4 billion, representing a year-on-year growth of 38.2%. The adjusted net profit stood at around RMB991 million, and net cash generated from operating activities amounted to approximately RMB600 million.
The Group owns 2,927 patents in mainland China, among which 311 are invention patents, and boasts an R&D team of over 2,800 employees with a global R&D layout across China, Japan and Europe. It has rolled out China’s first commercialized 240-horsepower intelligent tractor equipped with continuously variable transmission (CVT). The current filing concerns the proposed spin-off and independent listing of the Group’s agricultural machinery business (carved out from Weichai Power) on the Main Board of the Stock Exchange of Hong Kong Limited.
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