Top Page
Weichai Power Co
(OTC:2338)
Weichai Power Co (2338) vs. S&P 500 (SPY)
Weichai Power Co Business Overview & Revenue Model
Weichai Power Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 215.69B | 213.96B | 175.16B | 203.55B | 197.49B | Gross Profit |
| 48.39B | 44.21B | 31.15B | 39.60B | 38.14B | EBIT |
| 17.43B | 12.91B | 7.82B | 13.89B | 12.46B | EBITDA |
| 33.84B | 28.42B | 18.55B | 23.38B | 22.63B | Net Income Common Stockholders |
| 11.40B | 9.01B | 4.91B | 9.49B | 9.23B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 88.56B | 104.28B | 82.71B | 81.43B | 68.07B | Total Assets |
| 343.88B | 334.25B | 293.67B | 277.04B | 270.75B | Total Debt |
| 22.21B | 48.03B | 49.09B | 36.85B | 44.97B | Net Debt |
| ― | -44.83B | -21.75B | -38.19B | -17.25B | Total Liabilities |
| 221.92B | 221.56B | 189.56B | 174.08B | 190.32B | Stockholders Equity |
| 86.70B | 79.34B | 73.18B | 70.91B | 51.20B |
| Cash Flow | Free Cash Flow | |||
| 18.73B | 20.27B | ― | 8.65B | 17.16B | Operating Cash Flow |
| 26.09B | 27.47B | ― | 14.66B | 22.93B | Investing Cash Flow |
| ― | -5.74B | ― | ― | ― | Financing Cash Flow |
| ― | -13.03B | 4.85B | 3.12B | ― |
Weichai Power Co Technical Analysis
Weichai Power Co Peers Comparison
Weichai Power Co Corporate Events
Weichai Power Co., Ltd. has released its first quarterly report for 2025, ensuring stakeholders of the authenticity and completeness of the disclosed information. The report, which is unaudited, highlights the company’s commitment to transparency and accuracy in its financial reporting, as affirmed by the board of directors and senior management.
Weichai Power Co., Ltd. has announced the approval of an A Share Repurchase Plan, intending to repurchase a portion of its A shares through centralized price bidding on the Shenzhen Stock Exchange. This plan, aimed at reducing the company’s capital, is designed to bolster shareholder confidence and reflect the company’s positive outlook on its future development. The repurchase will be conducted within a 12-month period, with a budget of RMB500 million to 1,000 million, and the repurchased shares will be canceled to decrease the company’s capital.
Weichai Power Co., Ltd. has announced a proposal to dissolve its Supervisory Committee, with its duties to be assumed by the Board’s audit committee. This move is accompanied by proposed amendments to the company’s Articles of Association and Rules of Procedure, which are intended to streamline governance without affecting shareholder rights. The changes are subject to shareholder approval at the upcoming annual general meeting, and are seen as beneficial for the company’s operational efficiency and alignment with its development needs.
Weichai Power Co., Ltd. has announced an extraordinary general meeting to discuss and approve the spin-off and listing of its subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd., on the Main Board of the Hong Kong Stock Exchange. This strategic move is aimed at enhancing the subsidiary’s operational independence and regulatory compliance, while also safeguarding the interests of shareholders and creditors. The resolutions to be considered include the spin-off’s compliance with legal requirements, the company’s ability to maintain independence, and the provision of assured entitlements to H share holders.
Weichai Power Co., Ltd. has announced a class meeting for its H shareholders to discuss and approve special resolutions, including the spin-off and listing of Weichai Lovol Intelligent Agricultural Technology Co., Ltd. on the Hong Kong Stock Exchange. Additionally, the meeting will address the repurchase of certain A shares, detailing the purpose, conditions, and methods for the repurchase. This strategic move is expected to enhance the company’s market position and provide assured entitlements to H shareholders, potentially impacting its operations and shareholder value.
Weichai Power Co., Ltd. has announced a class meeting for its A shareholders to discuss and approve several key resolutions. These include the provision of assured entitlement to H share holders in connection with the spin-off and listing of Weichai Lovol Intelligent Agricultural Technology Co., Ltd. on the Hong Kong Stock Exchange, as well as a share repurchase program for certain A shares. The meeting will address the purpose, conditions, method, and funding for the share repurchase, which could impact the company’s market positioning and shareholder value.
Weichai Power Co., Ltd. announced a delay in the dispatch of a circular related to its New Financial Services Agreement, originally scheduled for release by April 22, 2025. The postponement to May 28, 2025, is due to the need for additional time to finalize certain information. This delay may impact stakeholders awaiting detailed information on the deposit services and related advisory letters, potentially affecting the company’s operational timelines and stakeholder engagement.
Weichai Power Co., Ltd. has announced a board meeting scheduled for April 29, 2025, to review and potentially approve the unaudited consolidated financial results for the first quarter ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder confidence.
Weichai Power Co., Ltd. has announced a proposal to repurchase a portion of its A shares through centralized price bidding on the Shenzhen Stock Exchange. This move, proposed by the Chairman of the Board, Mr. Ma Changhai, aims to demonstrate confidence in the company’s future prospects, protect shareholder interests, and strengthen market confidence. The repurchased shares will be canceled to reduce the company’s capital, with the repurchase funded by self-owned or self-raised funds, amounting to RMB500 to 1,000 million. The proposal is subject to approval by the board and shareholders, with the repurchase period set within 12 months of approval.
Weichai Power Co., Ltd. has announced a potential spin-off and separate listing of its subsidiary, Weichai Lovol Intelligent Agricultural Technology Co., Ltd., on the Main Board of the Hong Kong Stock Exchange. This move is expected to provide Weichai Lovol with direct access to capital markets, diversify its financing channels, and improve its operational capability. The spin-off is aligned with governmental policies to enhance the international influence of state-owned assets and is anticipated to strengthen Weichai Lovol’s market position and competitive advantages. The company will remain the holding entity post spin-off, adding value to the group and benefiting shareholders.
Weichai Power Co., Ltd. has established an Environmental, Social, and Governance (ESG) Committee to enhance its sustainable development efforts and improve decision-making efficiency in ESG initiatives. The committee is tasked with formulating and overseeing the implementation of ESG strategies, assessing ESG risks and opportunities, and ensuring the company’s ESG policies are effectively managed. This move is expected to strengthen Weichai Power’s commitment to sustainability and improve its industry positioning by addressing material impacts on its business operations.
Weichai Power Co., Ltd. has established a Strategic Development and Investment Committee to address its strategic development needs, enhance investment decision-making efficiency, and improve corporate governance. This committee is tasked with reviewing and advising on the company’s mid-term and long-term development strategies, significant investment decisions, and other key matters affecting the company’s growth. The formation of this committee is expected to strengthen Weichai Power’s strategic positioning and operational efficiency, benefiting stakeholders by ensuring more informed and effective decision-making processes.
Weichai Power Co., Ltd. has amended the terms of reference for its Nomination Committee to enhance the selection and appointment process of its Directors and Management Personnel. This move aims to optimize the Board’s composition and improve corporate governance. The Nomination Committee is tasked with reviewing the Board’s structure and diversity, ensuring alignment with the company’s strategic goals, and recommending qualified candidates for leadership roles. These changes are expected to strengthen Weichai Power’s governance framework and support its strategic objectives.
Weichai Power Co., Ltd. announced its financial results for the year ending December 31, 2024, reporting a revenue increase of 0.8% to approximately RMB215,691 million. The company’s net profit attributable to shareholders rose by 26.5% to approximately RMB11,403 million, with basic earnings per share increasing by 25.4%. This financial performance highlights Weichai Power’s strong market positioning and operational efficiency, reflecting positively on its stakeholders.
Weichai Power Co., Ltd. has announced a New Financial Services Agreement with Shandong Finance, effective from June 30, 2025, to June 29, 2028. This agreement, which continues the existing financial services relationship, involves deposit services that constitute major and continuing connected transactions under Hong Kong’s Listing Rules. The agreement requires reporting, announcement, and independent shareholders’ approval due to the substantial percentage ratios involved.
Weichai Power Co., Ltd. has announced a proposed final dividend of RMB 3.47 per 10 shares for the financial year ending December 31, 2024. The announcement outlines the withholding tax rates applicable to different categories of shareholders, including non-resident enterprises, Southbound Trading investors, and Northbound Trading investors. This dividend declaration reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment and market positioning.
Weichai Power Co., Ltd. has announced the establishment of an Environmental, Social, and Governance (ESG) Committee to optimize its governance structure and enhance ESG management. This move reflects the company’s strategic focus on sustainability and governance, potentially strengthening its industry position and stakeholder relations. Additionally, the company has made changes to the composition of its Nomination Committee to ensure operational independence and gender diversity, appointing Ms. Jiang Yan as a new member.
Weichai Power Co., Ltd. has announced a board meeting scheduled for March 27, 2025, to discuss and potentially approve the company’s audited annual results for the year ending December 31, 2024. The meeting will also consider the approval of a final dividend and address any other business matters, indicating a focus on financial transparency and shareholder returns.
Weichai Power Co., Ltd. has announced the temporary termination of the planned spin-off and separate listing of its controlling subsidiary, Weichai Torch Technology Co., Ltd., on the ChiNext Board of the Shenzhen Stock Exchange. The decision was made after considering the current market environment and the need to align with business development and capital operational planning. The company assures that this decision will not adversely affect its existing operations, financial position, or future strategic plans. The termination is subject to approval at a general meeting, and the company plans to explore other capital market opportunities.
Weichai Power Co., Ltd. announced the successful approval of all resolutions at its extraordinary general meeting, including the election of Mr. Huang Weibiao as an executive director. The resolutions, which involved the repurchase and cancellation of restricted shares and the cancellation of shares held in a designated account, received overwhelming support from shareholders, indicating strong confidence in the company’s strategic direction. The election of a new director and the decisions on share management are expected to enhance Weichai’s governance and operational efficiency.
Weichai Power Co., Ltd. announced the composition of its board of directors and the roles of each member. The board comprises executive, non-executive, and independent non-executive directors, with Ma Changhai serving as the chairman. Additionally, four committees have been established, each responsible for different aspects of the company’s governance, such as audit, remuneration, nomination, and strategic development. This announcement reflects Weichai Power’s commitment to structured governance and potentially enhances its strategic decision-making processes, which could positively impact its market position and stakeholder relations.