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From January to June, China's cumulative sales of diesel engines were 2.6229 million units, a decrease of 2.08% compared to the same period last year.
Diesel engine sales from January to June decreased by 2% year-on-year to 2.6229 million units.
Weichai Power (02338.HK) received a shareholding increase of 10.581 million shares from Pzena Investment Management, LLC.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 10, 2024, Weichai Power (02338.HK) received an increase in shareholding of 10.581 million shares by Pzena Investment Management, LLC at an average price of HKD 12.1943 per share, involving approximately HKD 0.129 billion. After the increase, the latest shareholding number of Pzena Investment Management, LLC is 144,596,118 shares, and the shareholding ratio has increased from 6.90% to 7.44%.
Bank of America Securities: Maintains a "buy" rating on Weichai Power (02338) with a target price of HKD 19.
Weichai Power (02338) previously expected a net profit of 5.46 billion to 6.24 billion RMB in the first half of the year.
HK stocks surge | Weichai Power (02338) opens nearly 3% higher after profit growth, and the group's net income is expected to increase by about 40% to 60% in the first half of the year.
Zhī tōng cáijīng APP learned that Weichai Power (02338) opened nearly 3% higher after its profit announcement, and as of the time of issue, it rose by 2.73%, reported at HKD 12.80, with a turnover of 86.807 million HKD. In terms of news, Weichai Power released an announcement that the net income attributable to its shareholders for the six months ending on June 30, 2024 is expected to be approximately RMB 5.46 billion to RMB 6.24 billion, an increase of about 40% to 60% from the six months ending on June 30, 2023. The announcement stated that the increase in net income attributable to shareholders was mainly due to the company's active efforts in the first half of 2024.
Weichai Power Attributes 1H Net Increase Partly to Lower Costs, Optimized Products>000338.SZ
Weichai Power Attributes 1H Net Increase Partly to Lower Costs, Optimized Products>000338.
Weichai Power Sees 1H Net CNY5.46B-Net CNY6.24B >000338.SZ
Weichai Power Sees 1H Net CNY5.46B-Net CNY6.24B >000338.
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