1 November 2025 | 1:21AM HKT Equity Research Weichai Power (000338.SZ): Updating estimates and TP post 3Q25 results; Buy Reflecting the 3Q25 results (see our first take note) and most updated consensus estimates for KION (our basis for the intelligent logistics business), we raise our 2025E-27E EPS estimates by 4-5% mainly to reflect more-resilient-than-expected profitability seen during the 3Q25. We maintain Buy, with a raised 12-m TP of HK$21.0/Rmb20.3 for Weichai-H/A. Nick Zheng, CFA +852-2978-1405 | nic ...