1 September 2025 | 11:30PM HKT Weichai Power (000338.SZ) Earnings Review: Better 2H25 outlook, embracing new energy transition and committed shareholder return enhancement; Buy (on CL) | 000338.SZ | 12m Price Target: Rmb20.50 | Price: Rmb14.81 | Upside: 38.4% | | --- | --- | --- | --- | | 2338.HK | 12m Price Target: HK$21.00 | Price: HK$16.01 | Upside: 31.2% | Weichai hosted an analyst briefing call on Sep 1 post its 2Q25 results (see our first take). Key takeaways from the call include: 1) strong rebound i ...

31 August 2025 | 11:38AM HKT Weichai Power (000338.SZ): First Take: 2Q25 results above on margin; engine unit margin expansion reaffirmed; Buy (on CL) Weichai reported its 2Q25 results after market close on Aug 29. 2Q25 NP of Rmb2.93bn (-11% yoy and +8% qoq) came in +7% above our previewed estimates (see our note) mainly on better-than-expected margin. The company declared interim cash dividend of Rmb0.358/share (55% payout and 2% yield), which together with the c.Rmb100mn A-share buybacks implemented in 1H ...