Weichai (2338 HK) Sales Structure Is Improved and Gross Margin Increases Markedly December 16, 2019 162

PSR Recommendation: ACCUMULATE Status: Downgraded
Target Price: HKDHKD16.30

Investment Summary
Net Profits in the First Three Quarters Increase by near 20%
During the third quarter2019, Weichai Power recorded revenue of RMB35.8billion, down 0.2% yoy; the net profit attributable to the parent company was RMB1.77billion, up 10% yoy. The revenue of the first three quarters was RMB126.7 billion, up 7.3% yoy; the net profit attributable to the parent company was RMB7.06billion, up 17.6% yoy.

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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