Zhi Tong Cai Jing·2025-10-31 01:51Core Viewpoint - Weichai Power (02338) experienced a stock price increase of over 5% following the release of its Q3 2025 earnings report, indicating positive market sentiment towards the company's performance and future prospects [1] Financial Performance - Weichai Power reported a revenue of approximately 170.57 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.32% [1] - The net profit attributable to shareholders was around 8.88 billion yuan, reflecting a year-on-year increase of 5.67% [1] - The basic earnings per share stood at 1.03 yuan [1] Market Position and Opportunities - Morgan Stanley highlighted that Weichai Power is well-positioned to benefit from import substitution opportunities in heavy trucks, construction machinery engines, and AIDC engines due to the renewed focus on US-China tariff issues [1] - The company’s main competitors, Cummins and Caterpillar, are facing increasing risks from tariffs and trade restrictions, which could provide Weichai Power with a competitive advantage [1]