Zhi Tong Cai Jing·2025-11-05 06:32Core Viewpoint - Weichai Power (000338)(02338) shows strong financial performance in Q3 2025, with significant revenue and profit growth, indicating a positive outlook for the company and the heavy truck industry [1] Financial Performance - For the first three quarters of 2025, Weichai Power achieved revenue of approximately 170.57 billion yuan, a year-on-year increase of 5.32% [1] - The net profit attributable to shareholders for the same period was about 8.88 billion yuan, reflecting a year-on-year growth of 5.67% [1] - In Q3 2025 alone, the company reported revenue of 57.4 billion yuan, marking a year-on-year increase of 16.1% [1] - The net profit for Q3 2025 reached 3.23 billion yuan, showing a year-on-year growth of 29.5% [1] Industry Insights - Guohai Securities commented on the robust demand in the heavy truck industry for Q3 2025, with a month-on-month increase in natural gas penetration rates contributing to revenue growth [1] - The company’s revenue growth in Q3 2025 was driven by a 16.1% year-on-year increase, while the net profit excluding non-recurring items grew by 26.7% [1] Business Segments - The new energy power system segment experienced significant growth, with revenue reaching 1.97 billion yuan in the first three quarters of 2025, representing an 84% year-on-year increase [1] - Sales of large-bore engines surpassed 7,700 units in the first three quarters of 2025, reflecting a growth of over 30% year-on-year [1] - Sales of data center-related products exceeded 900 units, showing a remarkable year-on-year increase of over 300% [1]