Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and China Hongqiao, conducted share buybacks on September 1, 2025, with Tencent leading in terms of buyback amount and quantity [1][2]. Group 1: Buyback Details - Tencent Holdings (00700) repurchased 910,000 shares for a total of 550 million [2]. - China Hongqiao (01378) repurchased 15,275,500 shares for a total of 392 million [2]. - Weichai Power (02338) repurchased 7,300,000 shares for a total of 109 million [2]. - Kuaishou-W (01024) repurchased 113,700 shares for a total of 83.72 million [2]. - Hang Seng Bank (00011) repurchased 210,000 shares for a total of 23.57 million [2]. Group 2: Cumulative Buyback Data - Tencent's cumulative buyback for the year reached 47,571,000 shares, accounting for 0.518% of its total share capital [2]. - China Hongqiao's cumulative buyback reached 104 million shares, accounting for 1.110% of its total share capital [2]. - Weichai Power's cumulative buyback reached 46,442,500 shares, accounting for 0.533% of its total share capital [2]. - Kuaishou's cumulative buyback for the year was 113,700 shares, accounting for 0.026% of its total share capital [2]. - Hang Seng Bank's cumulative buyback reached 4,440,000 shares, accounting for 0.236% of its total share capital [2].

Summary of Weichai Power Conference Call Company Overview - **Company**: Weichai Power - **Industry**: Engine manufacturing, Data center equipment Key Points Financial Performance - In the first half of 2025, Weichai Power's data center business revenue reached **2.33 billion RMB**, a **59%** year-on-year increase [2] - Net profit for the same period was **499 million RMB**, reflecting a **145%** year-on-year growth [2] - Gross margin maintained at **28.83%**, with a net profit margin of **21.47%** [2] Business Segments - **Heavy-duty Engine Business**: - Profitability remains robust despite some fluctuations in natural gas engines [5] - Expected stable growth driven by industry recovery and replacement cycles [5] - **Data Center Engine Sales**: - Sales of data center engines approached **600 units**, marking a **491%** increase year-on-year [3] - **Kion Group Impact**: - Kion Group's new orders totaled **6.2 billion EUR**, a **22%** increase year-on-year, with supply chain systems orders doubling [6] - Kion's revenue for the first half was **5.5 billion EUR**, with net profit at **47.9 million EUR** [6] Future Projections - Expected revenue for Weichai Power in 2025 is approximately **12.5 billion RMB**, with projections exceeding **15 billion RMB** in 2026 [7] - Growth drivers include Kion Group recovery, other segment growth, and rapid expansion in large-bore diesel and natural gas power generation [7] Industry Trends - The data center industry is experiencing strong demand, with expectations for global equipment demand to potentially double to **40-50 billion RMB** by 2028-2030 [2][9] - The industry exhibits high pricing power due to supply-demand imbalances, which will enhance Weichai's product development and profitability [9] Risks - Key risks include potential underperformance in operational growth and significant increases in raw material prices, which could impact overall profitability [10]

未经许可，不得转载或者引用。 投资要点 公告要点： 公司公布2025年半年报，25Q2公司实现营收556.9亿元，同环比分别-0.8%/-3.1%，实现归母净 利 润 29.3 亿 元 ， 同 环 比 分 别 -11.2%/-+8.2% ， 扣 非 后 归 母 净 利 润 26.6 亿 元 ， 同 环 比 分 别-15.0%/+7.2%。25H1中期分红率57%，同比+2pct。 发动机业务盈利性同比提升，大纲径+新能源+出口+后市场四大战略方向成果亮眼。 供应链降本持续释放利润，费用管控得当。 25Q2毛利率22.1%，同比+0.7pct，环比基本持平，供应链降本效果持续体现。25Q2公司销管研 合计费用率14.7%，同比+1.2pct，环比-1.6pct，同比增长主因销售费用率同比+1pct。25Q2公司 财务费用-2.6亿元，主因欧元升值带来汇兑收益，财务费用-0.5%，同比-0.3pct。 盈利预测与投资评级： 2025年重卡行业迎来复苏，公司作为发动机龙头强者恒强，我们基本维持2025~2027年归母净 利润预测129/152/161亿元，2025~2027年对应 EPS分别为1.48 /1.75/ ...

Group 1 - The company announced that as of August 31, 2025, it has repurchased a total of 39,142,475 A-shares through a dedicated repurchase account via centralized bidding, which represents approximately 0.45% of the company's current total share capital [1]

潍柴动力（000338）(02338)发布公告，于2025年9月1日斥资1.09亿元回购730万股A股。 ...

潍柴动力（000338）(02338)发布公告，截至2025年8月31日，公司通过回购专用证券账户以集中竞价交 易方式累计回购A股股份共计3914.25万股，占公司目前总股本的比例约为0.45%，最高成交价为人民币 15.43元/股，最低成交价为人民币15.05元/股，支付的总金额为人民币5.96亿元(不含交易费用)，本次回 购符合相关法律法规及公司既定回购股份方案的要求。 ...

智通财经APP讯，潍柴动力(02338)发布公告，于2025年9月1日斥资1.09亿元回购730万股A股。 ...

格隆汇9月1日丨潍柴动力(02338.HK)发布公告，2025年9月1日耗资1.09亿元人民币回购730万股A股，回 购价格每股14.84-15元。 ...

智通财经APP讯，潍柴动力(02338)发布公告，截至2025年8月31日，公司通过回购专用证券账户以集中 竞价交易方式累计回购A股股份共计3914.25万股，占公司目前总股本的比例约为0.45%，最高成交价为 人民币15.43元/股，最低成交价为人民币15.05元/股，支付的总金额为人民币5.96亿元(不含交易费用)， 本次回购符合相关法律法规及公司既定回购股份方案的要求。 ...

備註： 已發行股份占有關股份發行前的現有已發行股份數目百分比是依據本公司已發行股份數目總額8,715,671,296股（包括1,943,040,000股H股及6,772,631,296 股A股）計算 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 濰柴動力股份有限公司 呈交日期： 2025年9月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | | 說明 | 於深圳證券交易所上市 | | | | | A. 已發行股份或庫存股份變動 | ...