Zhi Tong Cai Jing·2025-10-31 08:21Core Viewpoint - Bank of America Securities has raised its earnings per share forecasts for Weichai Power (000338) for 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, and for A-shares from CNY 20.4 to CNY 20.5, while maintaining a "Buy" rating [1] Financial Performance - Weichai Power reported third-quarter revenue of CNY 57.4 billion, representing a year-on-year growth of 11%, which is also 11% higher than the bank's expectations [1] - The gross margin for the quarter 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 forecast, attributed to an increase in the revenue share from low-margin heavy truck business [1] - Net profit increased by 30% year-on-year to CNY 3.2 billion, exceeding the bank's expectations [1]