Weichai Power (000338): Profitability has significantly improved, and the annual performance in 2024 exceeds expectations.

The company released its annual report for 2024, achieving annual revenue of 215.7 billion yuan, a year-on-year increase of 0.8%, and a net income attributable to the parent company of 11.4 billion yuan, a year-on-year increase of 26.5%. Among them, Q4 2024 achieved revenue of 537.4.

GuolianMar 29 19:52

Weichai Power Co. Reports Strong Profit Growth in 2024

TipRanksMar 29 11:59

Weichai Power (2338.HK): Engine profits grow strongly, dividend rate hits a new high, maintaining Buy.

Profit margins continue to improve, and the dividend payout ratio has further increased. Weichai's revenue for 2024 is expected to grow by 0.80% to 215.7 billion yuan (RMB, the same below), benefiting from the improvement in gross margin, with net income attributable to the parent company increasing by 26.5% year-on-year.

BOCOM INTLMar 29 07:37

Express News | Institutions favored 85 individual stocks for the first time this week.

BreakingsMar 29 00:08

Research Reports Gold Digging丨HAITONG SEC: Maintains Weichai Power "Outperform Market" Rating, Target Price 18.84-21.74 Yuan.

HAITONG SEC's Research Reports indicate that Weichai Power (000338.SZ) has a gross margin of 22.4% for the full year of 2024, an increase of 1.3 percentage points year-on-year; the net income margin is 6.6%, an increase of 1.4 percentage points year-on-year. ROE is 13.2%, an increase of 1.8 percentage points year-on-year. Profitability has improved both year-on-year and quarter-on-quarter. The company expects steady growth in 2025, with sales revenue estimated to be about 226.5-237.3 billion RMB, an increase of about 5-10% year-on-year. It is believed that Weichai Power's growth momentum continues, including 1. high-end power generation demand, including AIDC, which is expected to drive the company’s M-series large diameter cylinder.

Gelonghui FinanceMar 28 17:16 · Ratings

In 2024, revenue and net profit both grew, Weichai Power opened a new path for high-quality development.

On the evening of March 27, Weichai Power released its annual report for 2024. During the reporting period, the company effectively overcame the pressure of low industry running, with all major indicators improving, continuing to maintain high-quality and steady development. The company achieved revenue of 215.7 billion yuan, a year-on-year increase of 0.8%; it realized a net income attributable to the parent company of 11.4 billion yuan, a year-on-year increase of 26.5%, significantly outpacing revenue growth; and it achieved a net income attributable to the parent company after deductions of 10.5 billion yuan, a year-on-year increase of 30.3%. The company's profitability and profit quality have improved, with a gross margin of 22.4%, an increase of 2.1 percentage points year-on-year; the net cash flow from operating activities was 26.1 billion yuan. The company plans to

Gelonghui FinanceMar 28 14:19