Weichai Power: Net profit increased 53.11% year-on-year

Weichai Power (000338) released its financial results for the first nine months of 2008 on the 28th, showing strong performance. The company reported a net profit attributable to the parent company of 2.018 billion yuan, marking a year-on-year increase of 53.11%. Earnings per share reached 3.88 yuan during this period. In the third quarter alone, the net profit was 357 million yuan, with earnings per share at 0.69 yuan. As one of the leading companies in China’s heavy truck industry, Weichai has been actively adjusting its product structure and continuously upgrading its offerings. The company has effectively leveraged the synergies from its integrated industrial chain. Currently, it specializes in high-power engines, gearboxes, and large-tonnage axles, which give it a clear competitive edge. According to internal reports, Weichai holds the top brand positions in engine, gearbox, and heavy-duty axle sectors in China. Its strong brand recognition significantly supports its sales growth. In addition to domestic expansion, the company has also focused on international markets. Export activities have now become a key driver of revenue growth. From January to September, the company's main business revenue reached 28.432 billion yuan, up 30.91% compared to the same period last year. In the third quarter, main business revenue stood at 7.453 billion yuan, reflecting a year-on-year growth of 16.85%. With its solid market position, continuous innovation, and expanding global presence, Weichai Power is well-positioned for sustained growth in the coming years.

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