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Weichai Power's Q1 Profit Rises 40% as Revenue Jumps
Weichai Power's (SHE:000338, HKG:2338) attributable profit rose 40% to 2.60 billion yuan, or 0.30 yuan per share, in the first quarter, from 1.86 billion yuan, or 0.21 yuan per share, in the year-ago
MT NewswiresMay 1 17:01
Citigroup: Target price for Weichai Power (02338) “neutral” rating raised to HK$17.2
The Zhitong Finance App learned that Citi released a research report stating that it gave Weichai Power (02338) a “neutral” rating, raised the Group's net profit forecast for each year of 2024-26 by 6.7%, 0.7% and 0.7% respectively, and raised the target price from HK$15.4 to HK$17.2. According to the report, the company recorded revenue of 56.4 billion yuan in the first quarter, up 6% year on year, up 5% from quarter to quarter, and net profit of 2.6 billion yuan, up 40% year on year and 3% from quarter to quarter, in line with Citibank and market expectations. Factors driving Weichai Powers' first quarter results include a 13% year-on-year increase in diesel engine sales and a 3% increase in heavy truck sales
Zhitong FinanceApr 30 15:40
Analysts Offer Insights on Industrial Goods Companies: L3Harris Technologies (LHX), Weichai Power Co (OtherWEICF) and Honeywell International (HON)
TipRanksApr 30 15:12
WEICHAI POWER(2338.HK):1Q24 NET PROFIT +40% YOY IN LINE; SOLID GROWTH OUTLOOK
While Weichai Power (Weichai)'s revenue growth of 6% YoY in 1Q24 is below our ex
招银国际Apr 30 13:46
WEICHAI POWER(000338):1Q24 NET PROFIT +40% YOY IN LINE; SOLID GROWTH OUTLOOK
1Q24 net profit +40% YoY in line; solid growth outlookWhile Weichai Power (Weich
招银国际Apr 30 13:46
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
cls.cnApr 30 08:11
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