Weichai Power's stock price plummeted 10.70% during intraday trading on Friday, following the release of its annual results and an associated announcement regarding missed performance targets.
The sharp decline comes after the company reported a 4.15% year-on-year decrease in net profit attributable to shareholders for 2025, despite achieving revenue growth of 7.47%. More significantly, the company failed to meet the profit margin target of 9% under its A-share Restricted Share Incentive Scheme, achieving only 7% (excluding share payments).
As a result, Weichai Power's board approved the repurchase and cancellation of 21.92 million granted but un-unlocked A-share restricted shares, representing 0.2516% of current share capital. The transaction, totaling RMB 107.30 million, will be financed from internal resources and reduces the company's total issued shares.