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.