02338 WEICHAI POWER
- 16.480
- -0.160-0.96%
WEICHAI POWER News
Longsheng Technology (300680.SZ): Currently, natural gas injection system assembly components are provided to customers such as FAW Jiefang, Weichai Power, and Cummins through Bosch automotive systems
Gelonghui, May 14, 丨 Longsheng Technology (300680.SZ) held a performance briefing on May 13, 2024 to discuss “What was the market share of the gas rail injection systems for heavy natural gas trucks mentioned in your annual report last year, what are your main customers, and what are the future market trends?” The company replied that currently the assembly components of the company's natural gas injection system are provided to customers such as FAW Jiefang, Weichai Power, and Cummins through Bosch automotive systems. Thanks to gas price advantages, market demand for natural gas engines has soared since last year, especially in September. Judging from the statistics for January-April
Weichai Power (000338) Annual Report In-depth Disassembly Series 4: Resonance in multiple business sectors drives upward performance growth for natural gas engines
Investment highlights: We believe that the main reason for the company's outstanding performance in 2023 is the rapid growth of the engine business driven by strong sales of heavy natural gas trucks, the volume of new business, and the profit recovery of subsidiaries in various sectors. Through historical performance comparisons, we found each business
League of Nations Securities: Heavy truck sales rebounded at the bottom, and the recovery trend is expected to continue
Guolian Securities released a research report saying that the heavy truck industry's sales volume recovered from the bottom in 2023, domestic sales growth picked up, and overseas growth continued. Judging from the absolute value of sales, domestic sales are still below the central level. With marginal economic policy stimulus, engineering and logistics are expected to continue to recover, and the natural gas truck industry chain is optimistic. In terms of exports, growth in emerging markets such as Central Asia and South America is expected to hedge against Russia's incremental decline and continue to grow steadily as a whole. Due to the increase in the share of exports and natural gas, the profit structure has been greatly optimized, and profit elasticity is stronger than sales elasticity. Combined with low capital expenses and an excellent competitive pattern, the commercial vehicle dividend ratio continues to rise. Key recommendations:
Weichai Power (02338.HK) elected Tan Xuguang as chairman
Weichai Power (02338.HK) announced that on May 10, 2024, the board of directors agreed to elect Mr. Tan Xuguang as the chairman of the 7th board of directors of the company and the company's legal representative; agreed to elect Mr. Zhang Quan as the vice chairman of the 7th board of directors of the company.
Weichai Power (02338): Tao Huaan was appointed as an independent non-executive director
Zhitong Finance App News, Weichai Power (02338) announced that Tan Xuguang, Zhang Quan, Ma Changhai, Wang Decheng, Sun Shaojun, Yuan Hongming and Ma Xuyao were re-elected as the company's executive directors; Zhang Liangfu, Richard Robinson Smith, and Michael Martin Macht were re-elected as non-executive directors of the company; and Jiang Yan, Chi Deqiang, Zhao Fuquan, and Xu Bing were re-elected as independent non-executive directors of the company; and Wang Yanlei and Wang Xuewen were re-elected as the company's supervisors from May 10 to 2024 As of 2026 Shares for the year ended December 31
China Merchants Securities International: Maintaining Weichai Power's (02338.HK) “Overweight” Rating and Raising the Target Price to HK$21
China Merchants Securities International released a research report stating that it maintained Weichai Power's (02338.HK) “gain” rating and had strong results in the first quarter. The net profit forecast for the 2024 fiscal year remained unchanged. The net profit forecast for the 2025-2026 fiscal year was raised by 5% and 9% respectively, reflecting multiple structural improvements in fundamentals driving medium- to long-term profitability. The target price increased from HK$18.2 to HK$21.
Hong Kong Stock Concept Tracking | Hydrogen fuel cell trucks are expected to achieve broad development space in the affordable fuel cell sector in 2030-2035 (with concept stocks)
The “China Zero Emission Freight Annual Progress Report 2023" was officially released at the Zero Emission Freight Action Annual Conference.
Weichai Power (000338): The Q1 profit growth rate was faster than revenue, benefiting from the volume of the gas heavy truck engine business
Core view The company's revenue and net profit to mother for the first quarter of 2024 were 56.38 billion yuan and 2.60 billion yuan respectively, up 5.51% and 40.07% year-on-year respectively. Q1 Steady growth in performance, mainly benefiting from gas
Weichai Power (000338): 24Q1's net profit to mother increased year-on-year, Kaiao's net profit improved significantly year-on-year
Core view: 24Q1 revenue and net profit before and after deduction were +5.5%, +40.1%, and +34.6%, respectively. The company released its quarterly report for '24, achieving revenue of 56.38 billion yuan, +5.5% year-on-year,
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
Weichai Power (000338): Natural gas heavy trucks amplify advantages
Incident: Weichai Power's 2024Q1 revenue was 56.38 billion yuan, +5.5% YoY, +5.2% month-on-month; 2024Q1 deducted non-net profit of 2.34 billion yuan, +34.6% yoy, -4.0% month-on-month. 24Q
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
Analysts Offer Insights on Industrial Goods Companies: L3Harris Technologies (LHX), Weichai Power Co (OtherWEICF) and Honeywell International (HON)
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
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
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.
Weichai Power (000338): Excellent Q1 performance, heavy gas truck/Kaiao multi-wheel drive
Performance summary: The company released its 2024 quarterly report: 24Q1, the company achieved operating income of 56.38 billion yuan, +5.5%/+5.2% year-on-month, after deducting net profit of 26.0/23.4 before and after deducting net profit from mother before and after, respectively
濰柴動力：2024年第一季度報告
Express News | Weichai Power: Net profit for the first quarter was 2.6 billion yuan, up 40.07% year on year.
Express News | Weichai Power: Net profit increased 40.07% year-on-year in the first quarter
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