Group 1 - The core viewpoint of the report is that Bank of America has raised its earnings per share forecasts for Weichai Power for the years 2025 to 2027 by 1%, 2%, and 2% respectively, and has increased the target price for Hong Kong shares from HKD 20.4 to HKD 21.5, while the target price for A-shares has been raised from CNY 20.4 to CNY 20.5, maintaining a "Buy" rating [1] - Weichai Power's third-quarter revenue reached CNY 57.4 billion, representing an 11% year-on-year growth, which is also 11% higher than the bank's expectations [1] - The gross profit margin for Weichai Power was 21.4%, showing a decline of 0.7 percentage points year-on-year and quarter-on-quarter, which is 0.4 percentage points lower than the bank's expectations, attributed to the increased revenue share from low-margin heavy truck business [1] - The net profit for Weichai Power increased by 30% year-on-year to CNY 3.2 billion, exceeding the bank's expectations [1]
美银证券:升潍柴动力(02338)目标价至21.5港元 第三季净利润胜预期