Movement Alert|Weichai Power Rises 3.26% in Regular Trading, Heavy Truck Industry Jan-May Sales Up 23% YoY Combined with Accelerating Natural Gas Power Business

Market Focus06-17

On June 17, Weichai Power rose 3.26% in regular trading, trading at HKD 38.0 per share, with turnover of HKD 63.31 million, extending its recent rebound momentum.

On the news front, the company disclosed during a recent institutional research meeting that heavy truck market demand remained robust in May, with industry-wide sales reaching 544,000 units in January-May, up 23% year-over-year. The company expects full-year heavy truck sales to maintain steady growth, with its engine sales achieving stable year-over-year improvement driven by both domestic and overseas demand. Additionally, domestic new energy heavy truck sales reached 72,000 units in January-April, surging 56% year-over-year, as the company accelerates its new energy strategic deployment. The company is also advancing its data center power solutions covering diesel engines, natural gas engines, and SOFC technology, with its natural gas power products noted for high value and strong profitability. Institutional forecasts project Q2 net profit of approximately RMB 3.498 billion, representing 19.3% year-over-year growth.

(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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