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Weichai Power (000338.SZ): A comprehensive layout in the field of power generation engines, which can be widely applied in Datacenter, public utilities, and other segmented markets.
Gelonghui reported on December 12 that Weichai Power (000338.SZ) stated on the investor interaction platform that the company has made a comprehensive layout in the power generation engine products, which can be widely applied in sectors such as Datacenter and public utilities. The full range of products has significant Global competitiveness, especially achieving a strategic breakthrough in the high-end market, driving increases in related Business revenue and profit contributions. Due to the diversification of the company's sectors, the profit contribution from power generation engine products has not yet reached the individual disclosure standard, thank you for your understanding.
Weichai Energizes Global Markets Through Strategic Partnerships and Innovation
Huachuang Securities: In November, autos continued to be hot sellers, bullish on the sales growth of new energy fund in 2024 and 2025.
In August 2024, the overall demand before the subsidy increase did not meet expectations, and the base is not high. Looking at 2025 from a macro perspective, domestic demand is expected to improve, electric vehicles may continue to benefit, and it is expected that in 2025, the wholesale volume of new energy passenger vehicles will reach 15.28 million units, increasing by 26%, with a penetration rate of 53%, which is an increase of 7.1 percentage points.
Fuel cell energy and hydrogen internal combustion engines are advancing in parallel, with the application of hydrogen energy accelerating on the end-user side due to frequent bullish policies.
① The CA6HV3 hydrogen engine, independently developed by faw jiefang group, has been released as the first domestic heavy-duty commercial vehicle hydrogen engine with direct injection. ② At this stage, many hydrogen internal combustion engine products still have shortcomings such as "low thermal efficiency."
Citi: Maintain a "shareholding" rating on Weichai Power (02338) and lower the target price to HK$19.
Citi believes that the expansion of subsidies for China's National IV standard heavy trucks will bring growth space to its sales.
Retail Investors Account for 47% of Weichai Power Co., Ltd.'s (HKG:2338) Ownership, While Institutions Account for 32%