Weichai Power Co., Ltd. (HKG:2338) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Simply Wall St20:50 ET

Research Reports Gold Digging丨HAITONG SEC: Maintains Weichai Power "Outperform Market" Rating, Target Price 18.84-21.74 Yuan.

The HAITONG SEC Research Reports point out that Weichai Power (000338.SZ) has a gross margin of 22.4% for the full year of 2024, an increase of 1.3 percentage points year-on-year; the Net income margin is 6.6%, an increase of 1.4 percentage points year-on-year. The ROE is 13.2%, an increase of 1.8 percentage points year-on-year. Profitability has improved both year-on-year and quarter-on-quarter. The company expects steady growth in 2025, with sales revenue estimated to be around 226.5-237.3 billion yuan, representing a year-on-year growth of about 5-10%. It is believed that Weichai Power's growth momentum continues to include 1. The high-end power generation demand, including AIDC, is expected to drive the company's M-series large bore engine.

Gelonghui FinanceMar 28 05:16 ET

In 2024, revenue and net profit both grew, Weichai Power opened a new path for high-quality development.

On the evening of March 27, Weichai Power released its 2024 annual report. During the reporting period, the company effectively overcame the low operating pressure of the industry, with all main Indicators showing improvement, continuing to maintain high-quality and stable development. The company achieved revenue of 215.7 billion yuan, a year-on-year increase of 0.8%; it achieved a Net income attributable to the parent company of 11.4 billion yuan, a year-on-year increase of 26.5%, significantly higher than revenue growth; it achieved a Net income attributable to the parent company excluding non-recurring gains and losses of 10.5 billion yuan, a year-on-year increase of 30.3%. The company's profitability and profit quality have improved, with a gross margin of 22.4%, an increase of 2.1 percentage points year-on-year; the net cash flow from operating activities was 26.1 billion yuan. The company plans to

Gelonghui FinanceMar 28 02:19 ET

Bank of America Securities: Reiterates Weichai Power (02338) "Buy" rating with the Target Price raised to 18 Hong Kong dollars.

In response to last year's performance, this year's Operation guidance, and increased internal restructuring costs leading to a potential decline in KION's profit margin, Bank of America has lowered the company's earnings forecast for 2025 by 6%.

Zhitong FinanceMar 28 01:54 ET

Weichai Power's 2024 Profit Jumps 27%; Shares Rise 3%

MT NewswiresMar 28 01:40 ET

[Brokerage Focus] CMB International: With increasing volatility in the Global market, attention is on defensive Sectors and corporate profit recovery.

Jinwu Financial News | On Thursday (March 27), the global market saw increased volatility, with Hong Kong stocks in Medical Care, Consumer Staples, and Energy Sectors leading the gains, while the Materials, News Technology, and Real Estate Construction Sectors declined. In the A-shares, Medical, Semiconductors, and Chemicals posted significant gains, while Consumer Services, Nonferrous Metals, and Steel sectors fell. Chinese concept stocks performed better than the US Large Cap market. Treasury Futures declined, Treasury yields rose slightly, and the Renminbi rebounded. Below are the details of market and company dynamics: Global Market: European stock markets fell, with Information Technology, Materials, and Medical Care leading the drop, while defensive sectors such as Utilities and Consumer Staples rose. US stocks in the Energy sector...

金吾财讯Mar 28 01:18 ET