HK Stock Movement | Weichai Power (02338) Rises Over 5% Again on Better-than-Expected Q3 Results and Rapid Growth in Large-Bore Engine Business

Stock News
Nov 03

Weichai Power (02338) surged over 5% again, with shares up 4.92% to HK$16.84 at the time of writing, recording a turnover of HK$248 million. The company recently announced its financial results for the first three quarters of 2025, reporting revenue of approximately RMB170.571 billion, a year-on-year increase of 5.32%, and net profit attributable to shareholders of about RMB8.878 billion, up 5.67% YoY. In Q3 alone, revenue reached RMB57.4 billion, rising 16.1% YoY, while net profit grew 29.5% YoY to RMB3.23 billion. CITIC Securities attributed the better-than-expected Q3 performance to a recovery in engine sales (including high-value gas engines), improved performance from KION Group, breakthroughs in emerging businesses like large-bore engines, and ongoing cost control measures. Southwest Securities highlighted that Weichai Power's M-series large-bore engine business benefited from expanding data center demand, with sales exceeding 7,700 units in Q1-Q3 2025, up over 30% YoY. Notably, sales in the data center market surpassed 900 units, surging more than threefold year-on-year, contributing significantly to the company's earnings growth.

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