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Research reports digging for gold丨China Securities Co., Ltd.: Maintains a "buy" rating on Weichai Power, bullish on the company's continued performance improvement.
Glory Times on November 19th | CSC Securities pointed out that Weichai Power (000338.SZ) will benefit from the recovery of industry demand and the stabilization and rebound of natural gas vehicle sales in the heavy truck complete vehicle and engine business, coupled with the optimization and upgrading of its own product structure. The overseas subsidiary Kai Ao's operations are gradually improving, bullish on the continuous improvement of the company's performance. It is expected that the company's net income attributable to the parent company in 2024-2025 will be 10.6 billion yuan and 11.8 billion yuan respectively, corresponding to current PEs of 11X and 10X, maintaining a "buy" rating.
Weichai Power (000338): Q3 performance under pressure in stages, profit capabilities rising against the trend.
Key points: In Q3, the company's revenue, net income attributable to the parent company, and net income excluding non-recurring items were 49.464 billion yuan, 2.498 billion yuan, and 2.231 billion yuan, with year-on-year changes of -8.82%, -4.00%, and +10.00%, respectively.
Weichai Power (000338): Short-term performance under pressure due to industry influence, high-quality leading company highlights operational resilience.
Event description: The company released the Q3 2024 report. In Q3 2024, operating income was 49.46 billion yuan, a year-on-year decrease of 8.82%; net income attributable to shareholders was 2.5 billion yuan, a year-on-year decrease of 4.0%. Event comment: Q3 performance under short-term承
Weichai Power (000338): Gross margin improvement steadily pushing overseas expansion.
Event: The company released the third quarter report of 2024, achieving revenue of 161.954 billion yuan in the first three quarters of 2024, a year-on-year increase of 0.98%, achieving a net income attributable to the mother of 8.401 billion yuan, a year-on-year increase of 2.
haitong int'l: Double growth in car production and sales in October compared to the same period last year, the automotive market is showing a trend of rapid growth.
With the national scrappage update policy and the local replacement policy in full swing in October, effectively driving the growth of the car market, coupled with the 'Golden Week' effect of the National Day holiday, the car market in October is showing a high-speed growth trend.
Hong Kong stock anomaly | Weichai Power (02338) fell more than 4% at the end, with large brokerage lowering full-year heavy truck sales forecast. Company transformation is effective but still requires time.
Weichai Power (02338) fell more than 4% at the close, as of the deadline, down 4.38% to HK$11.34, with a turnover of 0.17 billion Hong Kong dollars.
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