BofA Securities Raises Weichai Power (02338) Target Price to HK$21.5, Q3 Net Profit Beats Expectations

Stock News

Oct 31

BofA Securities has revised its earnings per share forecasts for Weichai Power (02338, 000338.SZ) for 2025–2027 upwards by 1%, 2%, and 2%, respectively, following the company's third-quarter results. The target price for its Hong Kong-listed shares was raised from HK$20.4 to HK$21.5, while the A-share target price increased from RMB 20.4 to RMB 20.5, with a reiterated "Buy" rating.

Weichai Power reported third-quarter revenue of RMB 57.4 billion, up 11% year-on-year and 11% above the bank's expectations. However, gross margin declined by 0.7 percentage points both year-on-year and quarter-on-quarter to 21.4%, missing the bank's forecast by 0.4 percentage points due to a higher revenue contribution from the lower-margin heavy-duty truck business. Net profit rose 30% year-on-year to RMB 3.2 billion, exceeding expectations.

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Net profit rose 30% year-on-year to RMB 3.2 billion, exceeding expectations.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BofA Securities Raises Weichai Power (02338) Target Price to HK$21.5, Q3 Net Profit Beats Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBofA Securities Raises Weichai Power (02338) Target Price to HK$21.5, Q3 Net Profit Beats Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-10-31 16:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BofA Securities has revised its earnings per share forecasts for Weichai Power (02338, 000338.SZ) for 2025–2027 upwards by 1%, 2%, and 2%, respectively, following the company's third-quarter results. The target price for its Hong Kong-listed shares was raised from HK$20.4 to HK$21.5, while the A-share target price increased from RMB 20.4 to RMB 20.5, with a reiterated \"Buy\" rating.</p>\n<p>Weichai Power reported third-quarter revenue of RMB 57.4 billion, up 11% year-on-year and 11% above the bank's expectations. However, gross margin declined by 0.7 percentage points both year-on-year and quarter-on-quarter to 21.4%, missing the bank's forecast by 0.4 percentage points due to a higher revenue contribution from the lower-margin heavy-duty truck business. Net profit rose 30% year-on-year to RMB 3.2 billion, exceeding expectations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2778985437.USD","symbol_name":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","start_time":0,"source_url":"","article_id":"1126927077","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126927077","pubTimestamp":1761898577,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"BofA Securities has revised its earnings per share forecasts for Weichai Power (02338, 000338.SZ) for 2025–2027 upwards by 1%, 2%, and 2%, respectively, following the company's third-quarter results....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"161027":"证券","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","BK0196":"行业龙头","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU1979443071.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"AD\" (USDHDG) INC","LU1934453819.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"A\" (USD) ACC","BK1522":"燃料电池","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","02338":"潍柴动力","BK0264":"汽车制造","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK0183":"MSCI概念","BK0188":"融资融券","BK1171":"建筑机械与重型卡车","BK0012":"证金概念","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","SG9999014674.SGD":"Nikko AM All China Equity A SGD","BK0187":"一线龙头","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0028":"国家队","BK0005":"高端装备制造","BK0132":"高送转概念","000338":"潍柴动力","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","BK0175":"白马股","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","BK0017":"燃料电池","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC"},"translate_title":"美银证券上调潍柴动力(02338)目标价至21.5港元Q3纯利超预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1,"000338":1,"02338":1},"content_text":"BofA Securities has revised its earnings per share forecasts for Weichai Power (02338, 000338.SZ) for 2025–2027 upwards by 1%, 2%, and 2%, respectively, following the company's third-quarter results. The target price for its Hong Kong-listed shares was raised from HK$20.4 to HK$21.5, while the A-share target price increased from RMB 20.4 to RMB 20.5, with a reiterated \"Buy\" rating.\nWeichai Power reported third-quarter revenue of RMB 57.4 billion, up 11% year-on-year and 11% above the bank's expectations. However, gross margin declined by 0.7 percentage points both year-on-year and quarter-on-quarter to 21.4%, missing the bank's forecast by 0.4 percentage points due to a higher revenue contribution from the lower-margin heavy-duty truck business. Net profit rose 30% year-on-year to RMB 3.2 billion, exceeding expectations.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}