Zhi Tong Cai Jing·2025-12-05 07:29Core Viewpoint - Weichai Power (02338) is experiencing a positive market response, with a nearly 3% increase in stock price, driven by strong demand in the heavy truck sector and a favorable outlook for its LNG engine market position [1] Group 1: Company Performance - Weichai Power's stock price rose by 1.98% to HKD 20.04, with a trading volume of HKD 2.81 billion [1] - The company is viewed as a top pick in the industrial sector by Morgan Stanley, particularly for its LNG heavy truck engine market leadership [1] Group 2: Market Dynamics - Heavy truck demand in China remains robust, particularly in November, indicating that demand is concentrated in the second half of the year [1] - The sales of LNG trucks are significantly increasing, which bodes well for Weichai Power's market position [1] Group 3: Competitive Position - Weichai Power maintains a market share of over 60% in the LNG heavy truck engine market, with a core market share exceeding 50% from January to April 2025 [2] - In the high-power gas engine market (above 500 horsepower), Weichai holds a 42% market share, outperforming competitors like Cummins and Yuchai Group [2] - The company supplies 70%-90% of the core power for the top three heavy truck brands in domestic natural gas sales, solidifying its position as a key supplier [2]