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Weichai Power (000338.SZ): Full layout in power generation engine products, which can be widely used in the Datacenter, public utilities, and other segmented markets.
On December 12, Gelonghui reported that Weichai Power (000338.SZ) stated on the investor interaction platform that the company has a comprehensive layout in power generation engine products, which can be widely applied in Datacenters, public utilities, and other niche markets. All types of products have significant Global competitiveness, especially achieving a Strategic breakthrough in the high-end market, driving the increase in related Business income and profit contribution. Due to the diversified nature of the company's sectors, the profit contribution from power generation engine products has not yet reached the standard for separate disclosure, thank you for your understanding.
Weichai Energizes Global Markets Through Strategic Partnerships and Innovation
Huachuang Securities: In November, autos continued to be hot sellers, bullish on the sales growth of new energy fund in 2024 and 2025.
In August 2024, the overall demand before the subsidy increase did not meet expectations, and the base is not high. Looking at 2025 from a macro perspective, domestic demand is expected to improve, electric vehicles may continue to benefit, and it is expected that in 2025, the wholesale volume of new energy passenger vehicles will reach 15.28 million units, increasing by 26%, with a penetration rate of 53%, which is an increase of 7.1 percentage points.
Fuel cell energy and hydrogen internal combustion engines are advancing in parallel, with the application of hydrogen energy accelerating on the end-user side due to frequent bullish policies.
① The CA6HV3 hydrogen engine, independently developed by faw jiefang group, has been released as the first domestic heavy-duty commercial vehicle hydrogen engine with direct injection. ② At this stage, many hydrogen internal combustion engine products still have shortcomings such as "low thermal efficiency."
Morgan Stanley: Maintains weichai power (02338) "shareholding" rating, target price lowered to 19 Hong Kong dollars.
Citi believes that the expansion of subsidies for China IV standard heavy trucks will bring growth opportunities for its sales.
Express News | Galaxy Securities: The pace of state-owned enterprise reform in the autos sector is expected to accelerate, which may drive the revaluation of central state-owned enterprises' value.