Weichai Power (2338) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached RMB 170.57 billion, up 5.32% year-over-year.

• Net profit attributable to shareholders rose 5.67% to RMB 8.88 billion compared to the same period last year.

• Basic and diluted EPS both increased to RMB 1.03 from RMB 0.97 year-over-year.

Financial highlights

• Operating profit for the period was RMB 12.38 billion, with total comprehensive income attributable to owners at RMB 10.43 billion.

• Net cash flows from operating activities improved to RMB 15.01 billion, up 11.09% year-over-year.

• Total assets increased 5.95% to RMB 364.32 billion, and equity attributable to shareholders rose 8.48% to RMB 94.05 billion.

• Extraordinary gains and losses contributed RMB 902.71 million to net profit for the period.

Outlook and guidance

• The company is actively pursuing spin-offs and listings of subsidiaries, including Weichai Lovol Intelligent Agricultural Technology on the Hong Kong Stock Exchange.

• Ongoing share repurchase programs and capital management initiatives are in progress.