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Weichai Power Co., Ltd. logo

Weichai Power Co., Ltd.

2338.HK

HKSEConsumer CyclicalAuto - Parts

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Latest quote

HK$31.18

−HK$2.24 · -6.70%

Aug 24, 4:08 PM HKT

2338.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Weichai Power Co., Ltd. is a global enterprise specializing in the production and distribution of diesel engines, vehicles, and a wide array of automotive components. The company organizes its extensive operations across three key segments: Engines, Automobiles and Automobile Components, and Intelligent Logistics. Its comprehensive business scope covers the full lifecycle — from design and development to manufacturing, sales, repair, and international trade — for a variety of products. These include engines and their auxiliary systems, automobile axles and components, gearboxes, hydraulic pumps, motors, and valves, as well as gears, gear transmission devices, and casting products for hydraulic components. Beyond these, Weichai Power also provides internal combustion engines, energy powertrain systems, and related ancillary items. Complementing its manufacturing, the company extends its services to technical consultation, technical support, property leasing, and business management. It also supplies steel, forklift trucks, and advanced warehousing technology and supply chain solutions. The company's prominent brands include Weichai Power Engine, Fast Gear, Hande Axle, Shacman Heavy Truck, and Linder Hydraulics. Founded in 2002, Weichai Power Co., Ltd. maintains its headquarters in Weifang, People's Republic of China.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
CN
CEO
Decheng Wang
Listed since
Mar 11, 2004
Employees
101,440

Market position

Day range

Current HK$31.18

52-week range

Current HK$31.18

Open
HK$33.98
Previous close
HK$33.42
Volume
25.91M
1.37× average
Average volume
18.85M
Average daily volume
Market cap
269.4B HKD
Beta
1.62
Market reference 1
50-day average
HK$34.6924
-10.12% below average
200-day average
HK$30.1334
+3.47% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
174.15B CNY
P/E (TTM)
20.6×
P/B (TTM)
2.43×
P/S (TTM)
0.98×
EV / EBITDA
6.42×
Earnings yield
7.30%
Free cash flow yield
15.10%
Dividend yield
2.71%

Profitability & efficiency

Gross margin
20.63%
Operating margin
7.39%
Net margin
4.77%
Return on equity
11.42%
Return on assets
2.79%
Return on invested capital
4.31%

Financial health

Debt / equity
0.29×
Current ratio
1.15×
Altman Z-score
1.75
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%17%9%1%Gross margin, FY2021: 19.46%Gross margin, FY2022: 17.78%Gross margin, FY2023: 20.66%Gross margin, FY2024: 22.43%Gross margin, FY2025: 20.18%Operating margin, FY2021: 6.82%Operating margin, FY2022: 4.46%Operating margin, FY2023: 6.03%Operating margin, FY2024: 8.08%Operating margin, FY2025: 6.15%Net margin, FY2021: 4.66%Net margin, FY2022: 2.80%Net margin, FY2023: 4.21%Net margin, FY2024: 5.29%Net margin, FY2025: 4.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.46%. Gross margin FY2022 17.78%. Gross margin FY2023 20.66%. Gross margin FY2024 22.43%. Gross margin FY2025 20.18%. Operating margin FY2021 6.82%. Operating margin FY2022 4.46%. Operating margin FY2023 6.03%. Operating margin FY2024 8.08%. Operating margin FY2025 6.15%. Net margin FY2021 4.66%. Net margin FY2022 2.80%. Net margin FY2023 4.21%. Net margin FY2024 5.29%. Net margin FY2025 4.72%.

Income trends

Revenue

225.55B CNY+4.57%

Operating income

13.87B CNY-20.43%

Net income

10.65B CNY-6.63%
Income trends across reported periods247.61B CNY159.36B CNY71.1B CNY−17.16B CNYRevenue, FY2021: 203.55B CNYRevenue, FY2022: 175.16B CNYRevenue, FY2023: 213.96B CNYRevenue, FY2024: 215.69B CNYRevenue, FY2025: 225.55B CNYOperating income, FY2021: 13.89B CNYOperating income, FY2022: 7.82B CNYOperating income, FY2023: 12.91B CNYOperating income, FY2024: 17.43B CNYOperating income, FY2025: 13.87B CNYNet income, FY2021: 9.49B CNYNet income, FY2022: 4.91B CNYNet income, FY2023: 9.01B CNYNet income, FY2024: 11.4B CNYNet income, FY2025: 10.65B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 203.55B CNY. Revenue FY2022 175.16B CNY. Revenue FY2023 213.96B CNY. Revenue FY2024 215.69B CNY. Revenue FY2025 225.55B CNY. Operating income FY2021 13.89B CNY. Operating income FY2022 7.82B CNY. Operating income FY2023 12.91B CNY. Operating income FY2024 17.43B CNY. Operating income FY2025 13.87B CNY. Net income FY2021 9.49B CNY. Net income FY2022 4.91B CNY. Net income FY2023 9.01B CNY. Net income FY2024 11.4B CNY. Net income FY2025 10.65B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue225.55B CNY215.69B CNY213.96B CNY175.16B CNY203.55B CNY
Cost of goods sold180.02B CNY167.3B CNY169.75B CNY144.01B CNY163.95B CNY
Gross profit45.53B CNY48.39B CNY44.21B CNY31.15B CNY39.6B CNY
Research and development7.32B CNY8.3B CNY8.04B CNY7.73B CNY6.89B CNY
Selling, general, and administrative9.77B CNY8.95B CNY9.74B CNY13.4B CNY13.43B CNY
Operating expenses31.66B CNY30.96B CNY31.31B CNY26.23B CNY26.23B CNY
Interest income3.81B CNY3.78B CNY2.82B CNY2.36B CNY1.72B CNY
Interest expense3.55B CNY3.85B CNY3.36B CNY1.4B CNY1.08B CNY
Depreciation and amortization13.25B CNY12.67B CNY11.91B CNY11.06B CNY10.91B CNY
Operating income13.87B CNY17.43B CNY12.91B CNY7.82B CNY13.89B CNY
Net income10.65B CNY11.4B CNY9.01B CNY4.91B CNY9.49B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
5 beats, 5 misses, 0 met estimates
Average EPS surprise
+1.67%
10 comparable reports
Latest EPS result
0.41
Estimate 0.48 · Miss by 14.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.540.440.330.23Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 27, 2025: actual 0.362, estimate 0.292, surprise +23.77%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.332, estimate 0.403, surprise -17.48%, Miss. Q3 2025, reported Aug 29, 2025: actual 0.373, estimate 0.39, surprise -4.34%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.405, estimate 0.326, surprise +24.16%, Beat. Q1 2026, reported Mar 26, 2026: actual 0.267, estimate 0.406, surprise -34.23%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.409, estimate 0.477, surprise -14.18%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.502, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 0.484, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates77.75B69.9B62.05B54.2BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 27, 2025: actual 57.19B HKD, estimate 60.05B HKD, surprise -4.75%, Miss. Q2 2025, reported Apr 29, 2025: actual 61.61B HKD, estimate 62.41B HKD, surprise -1.29%, Miss. Q3 2025, reported Aug 29, 2025: actual 61.02B HKD, estimate 62.5B HKD, surprise -2.37%, Miss. Q4 2025, reported Oct 30, 2025: actual 62.77B HKD, estimate 61.65B HKD, surprise +1.82%, Beat. Q1 2026, reported Mar 26, 2026: actual 68.15B HKD, estimate 69.36B HKD, surprise -1.74%, Miss. Q2 2026, reported Apr 29, 2026: actual 71.1B HKD, estimate 73.41B HKD, surprise -3.15%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 74.76B HKD, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 74.6B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.7716

2025 complete year+53.7% since 2021

2026 partial: HK$0.4302

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 16, 2026

HK$0.4302

Semi-Annual

Record Jul 17, 2026 · Payment Aug 13, 2026

Dividend

Ex-dividend Sep 25, 2025

HK$0.3925

Semi-Annual

Record Sep 26, 2025 · Payment Oct 24, 2025

Dividend

Ex-dividend Jun 26, 2025

HK$0.3791

Semi-Annual

Record Jun 27, 2025 · Payment Jul 25, 2025

Dividend

Ex-dividend Sep 20, 2024

HK$0.4061

Semi-Annual

Record Sep 23, 2024 · Payment Oct 18, 2024

Dividend

Ex-dividend May 31, 2024

HK$0.3225

Semi-Annual

Record Jun 3, 2024 · Payment Jun 28, 2024

Dividend

Ex-dividend Sep 28, 2023

HK$0.2465

Semi-Annual

Record Sep 29, 2023 · Payment Oct 27, 2023

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ETFs holding 2338.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
118.84M
Weight
0.02%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
113.93M
Weight
0.07%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
90.68M
Weight
0.06%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
iShares China Large-Cap ETF logoiShares China Large-Cap ETFFXI
Market value
27.73M
Weight
0.65%
AUM
4.27B USD
Expense ratio
0.73%
Price / 1D
$35.86+0.53%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
19.74M
Weight
0.02%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
19.62M
Weight
0.06%
AUM
31.22B USD
Expense ratio
0.72%
Price / 1D
$67.12+0.75%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
19.23M
Weight
0.31%
AUM
6.29B USD
Expense ratio
0.59%
Price / 1D
$55.66+0.27%
WisdomTree Emerging Markets High Dividend Fund logoWisdomTree Emerging Markets High Dividend FundDEM
Market value
17.51M
Weight
0.46%
AUM
3.93B USD
Expense ratio
0.63%
Price / 1D
$55.08+0.95%

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