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潍柴动力再涨超5% 三季度业绩超预期 大缸径发动机业务快速增长
Zhi Tong Cai Jing· 2025-11-03 06:05
Core Viewpoint - Weichai Power (000338)(02338) has seen its stock price increase by over 5%, currently trading at 16.84 HKD with a transaction volume of 248 million HKD, following the announcement of its Q1-Q3 2025 performance, which shows significant growth in revenue and net profit [1] Financial Performance - For the first three quarters of 2025, Weichai Power reported revenue of approximately 170.57 billion CNY, representing a year-on-year increase of 5.32% [1] - The net profit attributable to shareholders was approximately 8.88 billion CNY, reflecting a year-on-year growth of 5.67% [1] - In Q3 alone, the company achieved revenue of 57.4 billion CNY, marking a year-on-year increase of 16.1% [1] - The net profit for Q3 was 3.23 billion CNY, which is a year-on-year increase of 29.5% [1] Market Drivers - CITIC Securities attributes the unexpected growth in Q3 to a recovery in the sales of the engine business, including high-value gas engine sales, alongside improved performance from Kion and breakthroughs in emerging businesses such as large-bore engines [1] - Southwest Securities highlights the rapid growth of Weichai Power's M-series large-bore engine business, driven by the expanding demand from data centers, with over 7,700 units sold in Q1-Q3 2025, representing a year-on-year increase of over 30% [1] - The data center market has shown particularly strong performance, with sales exceeding 900 units, which is more than a threefold increase year-on-year, contributing significantly to the company's overall performance [1]