From Weichai Power (000338.SZ/2338.HK) Earnings Reports, observing the "value battle" in China's heavy-duty truck industry replacing the "price battle".

Since 2025, China's heavy truck Industry has welcomed multiple bullish resonances, and signs of a significant recovery in prosperity have emerged. This trend benefits from the coordinated recovery of the manufacturing and construction industries, as well as the dual drive of policy dividends and industrial technological transformation. From a macroeconomic perspective, the manufacturing PMI has remained above the threshold for two consecutive months, with an average of 49.65% for January-February, overall better than in 2024. Among them, the equipment manufacturing PMI has generally surpassed 53%, indicating strong industrial production momentum. In contrast, the construction industry PMI rapidly rebounded to 52.7% after the holiday, with the civil engineering Index even breaking through 60.

Gelonghui Finance01:34 ET

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