Weichai Power (2338) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 57.46 billion, up 1.92% year-over-year.

• Net profit attributable to shareholders was RMB 2.71 billion, a 4.27% increase year-over-year.

• Adjusted net profit after extraordinary items was RMB 2.48 billion.

• The report is unaudited and prepared in accordance with new accounting standards effective 2025.

Financial highlights

• Basic and diluted EPS were both RMB 0.31, up from RMB 0.30 in Q1 2024.

• Weighted average return on net assets was 3.08%, compared to 3.21% last year.

• Net cash flows from operating activities were negative RMB 4.65 billion, a significant decline from positive RMB 1.61 billion last year.

• Total assets increased to RMB 353.46 billion, up 2.79% from year-end 2024.

• Equity attributable to shareholders rose to RMB 89.48 billion, up 3.21% from year-end 2024.

Outlook and guidance

• The company implemented new accounting standards from January 2024, impacting reported figures.