证券代码：000338 证券简称：潍柴动力 公告编号：2025-066 潍柴动力股份有限公司 关于回购公司部分 A 股股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 潍柴动力股份有限公司（下称"公司"）于2025年4月29日召开 2025年第四次临时董事会会议，于2025年5月20日召开2025年第二次 临时股东大会、2025年第二次A股股东会议和2025年第二次H股股东 会议，审议通过了《关于回购公司部分A股股份方案的议案》，同意 公司使用自有资金和自筹资金以集中竞价交易方式回购公司部分A 股股份，回购股份用于注销并减少公司注册资本，回购价格为不超过 人民币23.57元/股，预计用于回购的资金总额不低于人民币5亿元，不 超过人民币10亿元，回购期限为自公司股东大会审议通过回购股份方 案之日起12个月内。具体内容详见公司分别于2025年4月30日、2025 年5月21日、2025年6月4日在巨潮资讯网（http://www.cninfo.com.cn） 上披露的《潍柴动力股份有限公司关于回购公司部分A股股份的方案》 《潍柴动力股份有限公司202 ...

Weichai Power (000338.SZ) Conference Call Summary Industry and Company Overview - **Company**: Weichai Power, a leading manufacturer of internal combustion engines in China, holds approximately 18% market share in the diesel engine segment, with operations across commercial vehicles, construction machinery, agricultural equipment, marine, and power generation [doc id='15'][doc id='16']. Key Market Concerns Addressed 1. **HDT Cyclical Outlook**: - Management believes the heavy-duty truck (HDT) market is in the early-to-mid stage of an upcycle, expecting annual domestic sales to remain between 600k to 800k units over the next 3-5 years [doc id='6'][doc id='2']. - For 2025, management is optimistic about exceeding 1 million units in industry sales volume, supported by strong year-to-date performance [doc id='6']. - Concerns regarding a potential scaling back of equipment programs into 2026 are mitigated by a large remaining installed base of China IV HDTs (>400k units) [doc id='6']. 2. **Impact of Electrification**: - The company’s earnings are now less dependent on the HDT market, with HDT engines' net profit contribution declining from 60% to approximately 40% in 1H25 [doc id='9']. - Weichai's exposure to diesel HDT engines is limited to 15-20% of sales volume, with a net profit contribution of less than 6% of total company net profit [doc id='9']. - The impact of electrification is viewed as manageable, with the e-powertrain business expected to cushion the contraction in diesel engine sales [doc id='9']. 3. **Engine Market Share Dynamics**: - Management noted a recovery in market share during July-August 2025, returning to historical averages due to improved sales and product mix [doc id='13']. - The company aims to maintain gross profit margins (GPM) around 27% despite pricing competition [doc id='13']. Strategic Growth Pillars - Weichai is diversifying its engine portfolio, increasing contributions from large-bore engines and off-highway engines, which now account for about 20% of net profit [doc id='9']. - The company is also focusing on its new energy powertrain business, projecting sales of RMB 4 billion for the year [doc id='9']. Shareholder Return Policy - Management indicated potential for increased shareholder payouts in 2025, considering an expansion of the share buyback program to H-shares [doc id='12']. - The company is committed to improving total shareholder returns, supported by a strong free cash flow profile [doc id='16']. Financial Projections and Valuation - Weichai's revenue is projected to grow from RMB 215.7 billion in 2024 to RMB 266.3 billion by 2027 [doc id='21']. - The company maintains a strong net cash position, approximately 25% of its market cap, which supports its commitment to shareholder returns [doc id='16']. - The target price for Weichai's H-shares is set at HK$21.00, reflecting an upside potential of 48.9% [doc id='21']. Risks and Challenges - Key risks include slower-than-expected macroeconomic activity, weaker global economic growth, and the shift towards higher electrification in powertrains [doc id='20']. Conclusion - Weichai Power is positioned to benefit from a favorable cyclical outlook in the HDT market, a diversified engine portfolio, and a commitment to shareholder returns, making it a compelling investment opportunity despite the challenges posed by electrification and market dynamics [doc id='16'][doc id='21'].

Core Viewpoint - Goldman Sachs released its October Asia-Pacific strategy report, highlighting a list of recommended stocks based on the "earnings revision leading indicator" criterion, focusing on Hong Kong and Chinese concept stocks [1] Group 1: Recommended Stocks - Tencent (00700.HK) is included in the list of recommended stocks [1] - Alibaba-W (09988.HK) is also featured as a buy recommendation [1] - Xiaomi-W (01810.HK) is highlighted as a potential investment opportunity [1] - AIA Group (01299.HK) is part of the recommended stocks [1] - Pinduoduo (PDD.US) is listed among the buy stocks [1] - Hong Kong Exchanges and Clearing (00388.HK) is included in the recommendations [1] - Ping An Insurance (02318.HK) is mentioned as a buy [1] - Kuaishou-W (01024.HK) is part of the recommended list [1] - Techtronic Industries (00669.HK) is highlighted as a potential investment [1] - China Pacific Insurance (02328.HK) is included in the buy recommendations [1] - Lenovo Group (00992.HK) is featured in the list [1] - ZTO Express-W (02057.HK) is also recommended [1] - Hua Hong Semiconductor (01347.HK) is part of the buy list [1] - Kingdee International (00268.HK) is included in the recommendations [1] - GDS Holdings Limited-SW (09698.HK) is highlighted as a potential investment [1] - AAC Technologies (02018.HK) is part of the recommended stocks [1] - BYD Electronic (00285.HK) is included in the buy recommendations [1] - China International Capital Corporation (03908.HK) is featured in the list [1] - Weichai Power (02338.HK) is mentioned as a buy [1] - CRRC Corporation (01766.HK) is included in the recommendations [1] - JD Logistics (02618.HK) is part of the recommended stocks [1] - Swire Pacific A (00019.HK) is highlighted as a potential investment [1] - Miniso Group (09896.HK) is included in the buy recommendations [1] - Times Electric (03898.HK) is part of the recommended list [1] - Haitian International (01882.HK) is also featured in the recommendations [1]

濰柴動力股份有限公司 WEICHAI POWER CO., LTD. （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2338） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引起的任何損失承擔任何責任。 海外監管公告 本公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則第13.10B條 而 作 出。 茲載列濰柴動力股份有限公司（「本公司」）在 深 圳 證 券 交 易 所 網 站 刊 登 的 公 告， 僅 供 參 閱。中 文 公 告 的 全 文 刊 登 於 聯 交 所 及 本 公 司 網 站。 承董事會命 董事長 馬常海 中國山東濰坊 二零二五年十月八日 於本公告刊發之日，本公司執行董事為馬常海先生、王德成先生、黃維彪先生、 孫 少 軍 先 生、袁 宏 明 先 生 及 馬 旭 耀 先 生；本 公 司 非 執 行 董 事 為 張 良 富 先 生、 Richard Ro ...

Core Viewpoint - Goldman Sachs released its October Asia-Pacific strategy report, highlighting a list of recommended stocks based on the "Earnings Revisions Leading Indicator" criteria, focusing on Hong Kong and Chinese concept stocks [1] Group 1: Recommended Stocks - The report includes a list of stocks recommended for purchase, which are: - Tencent (00700.HK) - Alibaba-W (09988.HK) - Xiaomi-W (01810.HK) - AIA (01299.HK) - Pinduoduo (PDD.US) - Hong Kong Exchanges and Clearing (00388.HK) - Ping An Insurance (02318.HK) - Kuaishou-W (01024.HK) - Techtronic Industries (00669.HK) - China Pacific Insurance (02328.HK) - Lenovo Group (00992.HK) - ZTO Express-W (02057.HK) - Hua Hong Semiconductor (01347.HK) - Kingdee International (00268.HK) - GDS Holdings-SW (09698.HK) - AAC Technologies (02018.HK) - BYD Electronic (00285.HK) - China International Capital Corporation (03908.HK) - Weichai Power (02338.HK) - CRRC Corporation (01766.HK) - JD Logistics (02618.HK) - Swire Pacific A (00019.HK) - Miniso Group (09896.HK) - Times Electric (03898.HK) - Haitian International (01882.HK) [1]

证券代码：000338 证券简称：潍柴动力 公告编号：2025-065 潍柴动力股份有限公司 关于部分A股限制性股票注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 潍柴动力股份有限公司（下称"公司"）分别于 2025 年 7 月 2 日、 2025 年 8 月 8 日召开了 2025 年第五次临时董事会及 2025 年第六次临时董 事会会议，审议通过了《关于回购注销部分 A 股限制性股票的议案》。鉴 于公司 2023 年 A 股限制性股票激励计划（下称"本次激励计划"）中 14 名原激励对象发生工作调动、退休、辞职等情形，根据公司《2023 年 A 股 限制性股票激励计划（草案）》相关规定，公司将上述激励对象持有的已 获授但尚未解除限售的全部 A 股限制性股票共 2,090,000 股进行回购注销 处理（下称"本次回购注销"），并按规定办理相关注销手续。根据公司 2025 年第一次临时股东大会、2025 年第一次 A 股股东会议和 2025 年第一 次H股股东会议对公司董事会的授权，本次回购注销属于授权范围内事项， 无需提交股东会审议。 近日， ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 濰柴動力股份有限公司 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02338 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,943,040,000 | RMB | | 1 | RMB | | 1,943,040,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,943,040,000 | RMB | | | 1 RMB | | 1,943,040,000 | | 2. 股份分 ...

Core Viewpoint - Weichai Power (02338) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Company Actions - The company plans to repurchase 2.09 million A-shares at a total cost of 10.9767 million RMB [1] - The buyback price is set at 5.252 RMB per share [1]

Core Viewpoint - Weichai Power (02338.HK) announced a share buyback of 2.09 million A-shares at a cost of 10.977 million yuan on September 30 [1] Group 1 - The company spent 10.977 million yuan for the repurchase [1] - A total of 2.09 million A-shares were repurchased [1]

FF305 呈交日期： 2025年9月30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 | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) 2025年9月4日 ...