Weichai Power's stock surged 6.52% during intraday trading on Monday, continuing its positive momentum following the release of quarterly financial results.
The company reported robust first-quarter performance with revenue reaching RMB 62.563 billion, representing an 8.87% year-over-year increase. Net profit attributable to shareholders grew 13.83% YoY to RMB 3.085 billion, while non-GAAP net profit showed even stronger growth at 20.25% YoY.
More significantly, the company's data center large-bore engine product sales skyrocketed over 240% year-over-year, and new energy power system revenue expanded approximately 200% YoY, establishing powerful new growth engines for the business. The power and energy segment overall maintained strong high-growth momentum, contributing to investor optimism about the company's future prospects.