HK Stock Movement | WEICHAI POWER (02338) Rises Over 4% on Strong Heavy-Duty Truck Sector and New Business Growth, Q3 Results Impress

Stock News
Nov 05

WEICHAI POWER (02338) surged over 4%, reaching HK$17.66 by the time of writing, with a trading volume of HK$176 million. The company's Q3 report revealed robust performance, with revenue for the first three quarters hitting approximately RMB170.57 billion, up 5.32% year-on-year, while net profit attributable to shareholders rose 5.67% to RMB8.88 billion.

In Q3 alone, revenue grew 16.1% to RMB57.4 billion, and net profit jumped 29.5% to RMB3.23 billion. Analysts noted the heavy-duty truck sector's strong momentum in Q3 2025, with rising natural gas penetration driving a 16.1% revenue increase and a 26.7% rise in adjusted net profit.

Additionally, WEICHAI POWER's new energy power systems and AIDC large-bore engines saw rapid growth. New energy power system revenue surged 84% to RMB1.97 billion in the first three quarters, while large-bore engine sales exceeded 7,700 units, up over 30%, including a threefold increase in data center-related product sales.

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