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Weichai Power Co
(2338)
Weichai Power Co (2338) vs. iShares MSCI Hong Kong ETF (EWH)
Weichai Power Co Business Overview & Revenue Model
Weichai Power Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 229.63B | 215.69B | 213.96B | 175.16B | 203.55B | 197.49B |
| Gross Profit | 51.49B | 48.39B | 44.21B | 31.15B | 39.60B | 38.14B |
| EBITDA | 21.53B | 33.84B | 28.42B | 18.55B | 23.38B | 22.63B |
| Net Income | 12.18B | 11.40B | 9.01B | 4.91B | 9.49B | 9.23B |
Balance Sheet | ||||||
| Total Assets | 398.20B | 343.88B | 334.25B | 293.67B | 277.04B | 270.75B |
| Cash, Cash Equivalents and Short-Term Investments | 90.02B | 88.56B | 104.28B | 82.71B | 81.43B | 68.07B |
| Total Debt | 98.74B | 22.21B | 48.03B | 49.09B | 36.85B | 44.97B |
| Total Liabilities | 254.32B | 221.92B | 221.56B | 189.56B | 174.08B | 190.32B |
| Stockholders Equity | 102.80B | 86.70B | 79.34B | 73.18B | 70.91B | 51.20B |
Cash Flow | ||||||
| Free Cash Flow | 21.59B | 18.73B | 20.27B | ― | 8.65B | 17.16B |
| Operating Cash Flow | 16.25B | 26.09B | 27.47B | ― | 14.66B | 22.93B |
| Investing Cash Flow | -14.06B | -28.91B | -5.74B | ― | ― | ― |
| Financing Cash Flow | -13.41B | -13.84B | -13.03B | 4.85B | 3.12B | ― |
Weichai Power Co Technical Analysis
Weichai Power Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$179.23B | 14.13 | 12.91% | 3.98% | 3.55% | 8.89% | |
74 Outperform | HK$40.36B | 16.89 | 15.06% | 1.44% | 34.78% | 98.79% | |
73 Outperform | HK$98.55B | 24.15 | 7.71% | 1.69% | 20.99% | -5.99% | |
65 Neutral | HK$7.92B | 12.74 | 7.29% | 2.50% | 11.18% | 46.57% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$142.77B | 61.04 | 1.93% | ― | 7.59% | 376.62% | |
53 Neutral | HK$135.87B | 34.87 | 6.78% | 1.14% | 25.84% | 26.05% |
Weichai Power Co Corporate Events
Weichai Power announced that its de facto controller, Shandong Heavy Industry Group, will extend by five years its existing non-competition undertaking designed to resolve overlapping heavy-duty vehicle businesses between Weichai Power and CNHTC. Shandong Heavy Industry said it has explored solutions such as asset restructuring and business adjustments, but cited complex cross-provincial state-owned asset supervision, multiple listed entities and immature market and regulatory conditions as reasons it cannot complete the original commitments on schedule; the extended undertaking keeps all other terms unchanged and, according to the company, complies with regulatory guidelines and will not affect Weichai Power’s normal operations or harm the interests of shareholders, including minority investors.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has issued a supplemental announcement confirming that its nominee for independent non-executive director, Ms. Zhang Weili, meets all independence criteria under Hong Kong Listing Rules, has no financial or other interests in the Group’s business, and has no connections with any core connected persons of the company. Her proposed appointment will be put to shareholders for approval by ordinary resolution at an extraordinary general meeting, with a circular detailing the proposal and EGM notice to be dispatched, underlining the company’s ongoing efforts to strengthen board independence and comply with corporate governance requirements in Hong Kong.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has confirmed that the first batch of restricted A shares granted under its Restricted Share Incentive Scheme has met the unlocking conditions, allowing 665 eligible participants to unlock a total of 21,949,800 shares, representing about 0.25% of the company’s existing share capital. These unlocked shares will become tradable on 26 December 2025, marking a further step in the company’s ongoing use of equity incentives and share repurchases to align management and employee interests with shareholder value and support its long-term capital management strategy.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced the resignation of independent non-executive director Zhao Fuquan, who is also stepping down from the company’s audit and remuneration committees due to personal work arrangements, with the board emphasizing that there is no disagreement or issue requiring shareholder attention. To fill the vacancy, the board has nominated human resources specialist Zhang Weili as a new independent non-executive director, subject to approval at an extraordinary general meeting, with a term running to the end of 2026 and an annual allowance of RMB200,000, signaling a continued focus on board independence and professional expertise in corporate governance.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced that its subsidiary Weichai Lovol entered into a new framework agreement with Huiyin Leasing on 19 December 2025 to continue a business model under which the Weichai Lovol Group provides guarantees for loans granted by the Huiyin Leasing Group to customers purchasing Weichai Lovol products. The transaction is classified as a continuing connected transaction under Hong Kong listing rules because Huiyin Leasing is treated as a connected person through common ownership ties with substantial shareholder Shandong Heavy Industry; as the relevant percentage ratios exceed 0.1% but remain below 5%, the arrangement is subject to reporting, announcement and annual review requirements, but exempt from independent shareholders’ approval, allowing the company to maintain its customer financing support while staying within the compliance framework.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has adjusted the repurchase price of restricted A-share stock granted under its Restricted Share Incentive Scheme, lowering the buyback price from RMB5.252 per share to RMB4.894 per share, in line with shareholder authorisation and PRC regulatory requirements, to reflect the impact of its 2025 interim cash dividend distribution. At the same time, the board approved the repurchase and cancellation of up to 1,184,200 granted but not unlocked restricted shares held by 34 incentive participants who failed to meet individual performance unlocking conditions or experienced other qualifying changes, with the approximately RMB5.80 million (plus interest) funding to come from internal resources, a move that fine-tunes the company’s equity incentive pool, aligns share-based compensation more closely with performance, and modestly reduces share capital to the potential benefit of remaining shareholders.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. announced that the first unlocking conditions under its A-share Restricted Share Incentive Scheme have been met, enabling 665 eligible incentive participants to unlock approximately 21.95 million restricted A shares, representing about 0.25% of the company’s current total share capital. The expiry of the first 24‑month lock-up period, calculated from the completion of grant registration on 20 December 2023, means that up to 30% of the total granted rights can now be unlocked during the first unlocking window, marking a key step in the company’s long-term equity incentive program designed to retain and motivate core staff and align their interests with shareholder value.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. announced the election of Mr. Huang Weibiao as an Employee Representative Director, effective from December 4, 2025, until the end of the annual general meeting in 2026. This move is part of the company’s efforts to enhance its corporate governance structure. Mr. Huang, who has extensive experience in human resources management, will continue to serve on the environmental, social, and governance committee, underscoring the company’s commitment to these areas. The election is not expected to impact the company’s operations significantly, and Mr. Huang will not receive additional remuneration for his new role.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced the composition of its board of directors and the roles within various committees. The board comprises executive, non-executive, and independent non-executive directors, with Ma Changhai serving as Chairman. The announcement highlights the company’s structured governance approach, potentially enhancing its strategic decision-making and operational oversight, which could positively impact stakeholders and strengthen its industry position.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced a manufacturing license agreement with Ceres Power Holdings plc to establish a facility for producing cells and stacks for stationary power markets. This strategic move aims to enhance Weichai’s capabilities in providing power solutions for AI data centers and industrial applications, potentially strengthening its market position and operational scope.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has observed an unusual increase in both the price and trading volume of its shares. The company’s board of directors has stated that they are unaware of any specific reasons for these movements and have advised shareholders and investors to exercise caution when dealing with the company’s shares.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. announced the successful approval of several resolutions during their Extraordinary General Meeting held on October 31, 2025. These resolutions include amendments to decision-making rules on connected transactions, management measures on the use of proceeds, and investment and operations rules. Additionally, new agreements regarding the sale and purchase of products and services with Weichai Holdings were approved, indicating a strategic move to enhance operational efficiency and strengthen business relationships. The approval of these resolutions is expected to positively impact the company’s operational capabilities and market positioning.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has released its third quarterly report for 2025, ensuring stakeholders of the authenticity, accuracy, and completeness of the disclosed information. The report, which has not been audited, emphasizes the company’s commitment to transparency and legal compliance, reflecting its stable position in the market and dedication to maintaining investor trust.
The most recent analyst rating on (HK:2338) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. announced an adjustment to the repurchase price of its A Shares under the A Share Repurchase Plan, reducing the price cap from RMB23.22 to RMB22.86 following the company’s 2025 interim profit distribution. This adjustment reflects the company’s ongoing financial strategies and market responsiveness, impacting its shareholders and potential investors by aligning the repurchase plan with current market conditions and profit distribution outcomes.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$22.80 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced a board meeting scheduled for October 30, 2025, to review and potentially approve the unaudited consolidated financial results for the nine months ending September 30, 2025. This meeting could have significant implications for the company’s financial transparency and stakeholder confidence, as it will provide insights into the company’s performance and strategic direction.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$22.80 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced an extraordinary general meeting scheduled for October 31, 2025, to seek shareholder approval for several proposed amendments and agreements. These include changes to decision-making rules on connected transactions, management measures on the use of proceeds, and various sale and purchase agreements with associated companies. The approval of these resolutions is expected to streamline operations and enhance the company’s strategic partnerships, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$22.80 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.
Weichai Power Co., Ltd. has announced the closure of its register of members in preparation for an extraordinary general meeting (EGM) scheduled for October 31, 2025. The meeting will address proposed amendments to corporate governance policies and new framework agreements concerning non-exempt continuing connected transactions. Shareholders must ensure their eligibility to vote by lodging transfer documents by October 24, 2025. This move is part of Weichai Power’s efforts to strengthen its governance and operational agreements, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:2338) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on Weichai Power Co stock, see the HK:2338 Stock Forecast page.