Movement Alert｜WEICHAI POWER Intraday Decline 4.04%, Q3 attributable profit fell despite record adjusted profit

Market Focus10-30

On October 30, WEICHAI POWER saw an Intraday Decline of 4.04% in Regular Trading, trading at HK$23.72, with turnover of HK$61.57 million.

The move followed its latest quarterly results: third-quarter revenue rose 1% year over year to RMB58.01 billion, while net profit attributable to shareholders fell 8.6% to RMB2.96 billion and EPS declined 8.4% to RMB0.34.

At the same time, the company reported adjusted net profit of RMB3.22 billion for the quarter, up 13.9% and a record high, while first-nine-month revenue increased 6.21% to RMB181.17 billion and attributable net profit rose 20.06% to RMB10.659 billion. Additional details showed contract assets up 70.22%, mainly tied to ongoing smart automation solution projects, and investment income surging 475.33% after partial equity disposals.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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