智通财经网·2025-11-05 06:30Core Viewpoint - Weichai Power (02338) shows strong financial performance in Q3 2025, with significant revenue and profit growth, driven by robust demand in the heavy truck industry and advancements in new energy systems [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 noted that the heavy truck industry is experiencing strong demand in Q3 2025, with natural gas penetration rates showing month-on-month recovery [1] - The revenue growth of 16.1% in Q3 2025 and a non-recurring net profit growth of 26.7% are attributed to this favorable industry environment [1] Business Segments - The new energy power systems and AIDC large-bore engine segments have seen rapid growth in the first three quarters of 2025 [1] - Revenue from the new energy power systems reached 1.97 billion yuan, representing an impressive year-on-year increase of 84% [1] - Sales of large-bore engines surpassed 7,700 units, reflecting a growth of over 30% year-on-year, with data center-related product sales exceeding 900 units, up more than threefold [1]