HK Stock Market Move | Weichai Power (02338) rises by over 5% again, third-quarter performance exceeds expectations, rapidly growing large-bore engine business.

Weichai Power (02338) rose by over 5%, up 4.92% to 16.84 Hong Kong dollars with a turnover of 2.48 billion Hong Kong dollars. In terms of news, Weichai Power recently announced its performance for the first three quarters of 2025, with operating income of approximately 170.571 billion yuan, a year-on-year increase of 5.32%; net profit attributable to shareholders of listed companies was approximately 8.878 billion yuan, a year-on-year increase of 5.67%. In the third quarter alone, the company achieved operating revenue of 57.4 billion yuan, an increase of 16.1% year-on-year; achieved a net profit attributable to mothers of 3.23 billion yuan, an increase of 29.5% year-on-year. China Securities Co., Ltd. believes that the Q3 performance exceeded expectations, mainly due to the recovery in sales of the engine core business (including high-value gas engine business), the performance of Kai Ao, breakthroughs in emerging businesses such as large cylinder diameter, and continued progress in cost reduction and control. Southwest points out that benefiting from the expansion of data center demand, the Weichai Power M series large cylinder diameter engine business is growing rapidly. In the first three quarters of 2025, sales of this series of products exceeded 7,700 units, with a year-on-year growth rate exceeding 30%. The performance in the data center market was particularly outstanding, with sales exceeding 900 units, a year-on-year increase of over three times, providing important incremental contribution to the company's performance.