Weichai Power Co Class H ( (WEICF) ) has released its Q1 earnings. Here is a breakdown of the information Weichai Power Co Class H presented to its investors.
Weichai Power Co., Ltd., a leading manufacturer in the automotive and equipment manufacturing sector, is renowned for its production of engines, powertrains, and heavy-duty vehicles, primarily operating in the People’s Republic of China.
In its first quarterly report for 2025, Weichai Power Co., Ltd. reported a modest increase in revenue and net profit attributable to shareholders compared to the same period last year, despite facing challenges in cash flow from operating activities.
The company achieved a revenue of RMB 57.46 billion, marking a 1.92% increase from the previous year. Net profit attributable to shareholders rose by 4.27% to RMB 2.71 billion, while net profit after extraordinary gains/losses saw a 5.98% increase. However, the company experienced a significant decline in net cash flows from operating activities, which fell by 388.24% due to decreased cash received from sales and services. The company’s total assets grew by 2.79% to RMB 353.46 billion, and equity attributable to shareholders increased by 3.21%.
The company attributed changes in accounting policies and increased expenses from its subsidiary, KION GROUP AG, as factors affecting its financial performance. Additionally, Weichai Power’s strategic focus on cost-saving measures and investments in wealth management products impacted its cash flow and financial expenses.
Looking ahead, Weichai Power remains committed to navigating the financial landscape with strategic adjustments and operational efficiencies, aiming to sustain growth and enhance shareholder value in the coming quarters.