HK Stock Market Move | Weichai Power (02338) rose more than 4% with the prosperous heavy truck industry and high growth of new businesses. The company's performance in the third quarter is impressive.

Weichai Power (02338) rose more than 4%, as of the time of writing, it rose by 3.82% to HK$17.66, with a turnover of HK$1.76 billion. On the news front, Weichai Power's third quarter report showed that its operating income in the first three quarters was approximately RMB 170.571 billion, an increase of 5.32% year-on-year; net profit attributable to shareholders of the company was approximately RMB 8.878 billion, an increase of 5.67% year-on-year. Looking at the third quarter alone, the company achieved revenue of RMB 57.4 billion, an increase of 16.1% year-on-year; net profit attributable to shareholders increased by 29.5% year-on-year to RMB 3.23 billion. Sealand commented that the heavy truck industry was booming in the third quarter of 2025, with a monthly increase in the penetration rate of natural gas, driving the company's revenue in the third quarter of 2025 to increase by 16.1% year-on-year and net profit attributable to shareholders to increase by 26.7%. In addition, the bank pointed out that the company's new energy power system and AIDC large cylinder engine saw rapid growth in the first three quarters of 2025. According to the First Commercial Vehicle Network, the company's new energy power system business achieved revenue of RMB 1.97 billion in the first three quarters of 2025, an increase of 84% year-on-year; sales of the company's large cylinder engines exceeded 7,700 units in the first three quarters of 2025, an increase of over 30%, including sales of data center-related products exceeding 900 units, an increase of over 3 times year-on-year.