On September 16, WEICHAI POWER (02338.HK) fell 3.16% in regular trading, trading at 29.4 HKD/share, with turnover of approximately 52.90 million HKD.

The decline extends a sustained pullback following a sharp 6.51% rally on September 9, which was driven by strong H1 data center diesel generator sales exceeding full-year volumes and a 36.5% year-on-year surge in attributable net profit. With positive catalysts having been largely priced in, the stock has been under persistent selling pressure, retreating nearly 20% from its recent high. Meanwhile, Ballard Power Systems' full impairment write-down on the Weichai Ballard joint venture and announced exit from the China market continues to weigh on investor sentiment regarding the company's hydrogen energy business. Although WEICHAI POWER has confirmed the JV remains in normal operation, market concerns have not fully subsided.

On the corporate front, the company held its second extraordinary general meeting on September 14, approving all seven resolutions including related-party transaction agreements with China National Heavy Duty Truck Group and the election of Liu Yi as executive director. VP Ding Yingdong also resigned due to age, while Li Pengcheng was appointed as new VP.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)