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Weichai Power (000338): Large bore diameter + cost reduction contribute with incremental growth, Q3 non-recurring items increase against the trend.
On October 30, 2024, the company released the third-quarter report of 2024. In the first three quarters of 2024, the company achieved an income of 161.95 billion yuan, a year-on-year increase of 1.0%, with a net income attributable to the parent company of 8.4 billion yuan.
Weichai Power (000338) Company In-depth Study: Short-term Market Concerns and Long-term Opportunities for Weichai.
Prologue: Since April of this year, weichai power's stock price has experienced a pullback due to multiple factors, which continued until the end of September before following the market's recovery. After the continuous decline, the risks gradually dissipated, and there is no longer much significance in emphasizing the economic downturn and low demand for heavy trucks.
Weichai Power (000338.SZ): The total cash dividend since listing is nearly 32 billion yuan.
Gelonghui November 7th | Weichai Power (000338.SZ) stated in the investor relations that in recent years, the company has maintained a biannual dividend frequency and a high dividend payout ratio, insisting on timely and high proportionally returning to shareholders, with both dividend payout ratio and amount ranking at the forefront of the industry. The company further increased the mid-2024 cash dividend payout ratio to 55%. As of now, the company's total cash dividend since listing is nearly 32 billion yuan. In the future, the company will continue to improve its operational performance, as always, to create greater value for all shareholders.
weichai power (000338.SZ): The sales volume of the M series large-bore high-speed engines was nearly 6000 units in the first three quarters, with continuous optimization of product structure.
On November 7, GeLongHui reported that Weichai Power (000338.SZ) stated in the investor relations that the sales of the M series large-bore high-speed engines reached nearly 6,000 units in the first three quarters, with continuous optimization of product structure. The proportion of high-end products represented by datacenters has significantly increased. The company will seize the opportunity of global datacenter business development in the future, maintain sufficient production capacity, leverage product technology and flexible sales mechanisms, continuously break through key high-end markets, further enhance market share and profitability.
Pzena Investment Management, LLC increased their shareholding of Weichai Power (02338) by 1.514 million shares at a price of approximately 11.86 Hong Kong dollars per share.
On November 1st, Pzena Investment Management, LLC increased its shareholding in Weichai Power (02338) by 1.514 million shares, priced at 11.8608 Hong Kong dollars per share, with a total amount of approximately 17.9573 million Hong Kong dollars.
Weichai Power (02338.HK) received a shareholding of 1.514 million shares of common stock from Pzena Investment Management, LLC, worth approximately 17.9573 million Hong Kong dollars.
Reported on November 7th, according to the documents disclosed by the Hong Kong Stock Exchange on November 7th, Pzena Investment Management, LLC increased its shareholding in Weichai Power (02338.HK) on November 1st at an average price of HK$11.8608 per share, acquiring 1.514 million ordinary shares, worth approximately HK$17.9573 million. After the increase, Pzena Investment Management, LLC's latest number of shares held is 0.215 billion shares, and the stake ratio has risen from 10.96% to 11.04%. Picture source.
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