Ge Long Hui A P P·2025-10-30 12:25Core Insights - Weichai Power reported record high net profit attributable to shareholders for the first three quarters of 2025, achieving a net profit of 8.88 billion yuan, a year-on-year increase of 5.7% [1] - The company’s revenue for the first three quarters reached 170.57 billion yuan, up 5.3% year-on-year, with a significant quarterly revenue increase of 16.1% in Q3 [1] Group 1: Financial Performance - In Q3 alone, Weichai Power achieved a net profit of 3.23 billion yuan, marking a 29.5% year-on-year growth [1] - The company’s revenue for Q3 was 57.42 billion yuan, reflecting a 16.1% increase compared to the same period last year [1] Group 2: Business Segments - The engine sales reached 536,000 units in the first three quarters, with heavy-duty truck engines accounting for 188,000 units sold [2] - The natural gas heavy-duty truck engine segment saw a strong recovery, with a year-on-year growth of 37% [2] - The new energy power system business generated 1.97 billion yuan in revenue, representing an 84% year-on-year increase [2] Group 3: Market Trends - The demand for diesel generators in AI data centers is expected to grow significantly, with the global market projected to reach 83.4 billion yuan by 2028, growing at a compound annual growth rate of 6% [2] - The M series large-bore engine sales exceeded 7,700 units, with a year-on-year increase of over 30%, particularly strong in the data center market [2] Group 4: Traditional Business and International Expansion - The heavy-duty truck and agricultural equipment segments maintained strong performance, with Shaanxi Heavy Duty Truck selling 109,000 units, a year-on-year increase of 18% [3] - Weichai Power's international business has become a significant part of its operations, with overseas orders growing by 18.3% to 8.88 billion euros in the first three quarters [3] - The company aims to strengthen its three-dimensional layout of traditional business stability, growth business breakthroughs, and diversified business empowerment for future development [3]