Weichai Power (2338.HK, 000338.SZ) Releases Third Quarter Report for 2025

Bulletin Express
10/30

Weichai Power published its third quarter 2025 results, showcasing revenue of approximately RMB170.57 billion for the first three quarters of the year, representing a 5.32% increase compared to the same period last year. Net profit attributable to shareholders reached around RMB8.88 billion, up 5.67% year on year, while net profit after extraordinary gains/losses came in at around RMB7.97 billion, up 3.43% over the same timeframe.

Total assets stood at roughly RMB364.32 billion as of 30 September 2025, marking a 5.95% growth from the end of last year. Equity attributable to shareholders of the listed company reached approximately RMB94.05 billion, exceeding the figure at the previous year-end by 8.48%. The weighted average return on net assets registered at 9.82%, with basic earnings per share of RMB1.03.

The report also highlighted significant movements in accounts receivable, partly attributed to the company's credit policy, and a notable rise in short-term loans due to working capital requirements. Finance expenses improved year on year, influenced by changes in exchange gains and losses, while certain receivables were recovered, impacting the credit impairment loss line item. Additionally, the maturity of bonds weighed on net cash flows from financing activities.

Weichai Power disclosed its progress on various key initiatives, including a temporary termination of the spin-off and listing of a subsidiary on the ChiNext Board, as well as advancing another subsidiary’s proposed listing on the Hong Kong Stock Exchange. The company further provided updates on its share repurchase plan, with implementation details and adjustments to the price cap following the 2024 profit distribution. The full text of the announcements and relevant audited information is available on the official websites of the stock exchanges and Weichai Power.

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