Weichai Power (2338) investor relations material

Executive summary

• Revenue for Q1 2026 reached RMB 62.56 billion, up 8.87% year-over-year, with net profit attributable to shareholders rising 13.83% to RMB 3.09 billion.

• Net profit after extraordinary items increased 20.25% year-over-year, reflecting improved operational efficiency and profitability.

• Operating profit rose 55% compared to the same quarter last year, driven by improved results at subsidiaries and changes in fair value of hedging instruments.

Financial highlights

• Basic and diluted EPS were RMB 0.36, up from RMB 0.31 year-over-year.

• Net cash flows from operating activities improved to -RMB 2.72 billion from -RMB 4.65 billion, a 41.53% increase.

• Total assets grew 1.45% to RMB 372.80 billion, and equity attributable to shareholders rose 2.33% to RMB 95.37 billion since year-end 2025.

• Net cash flows from investing activities turned positive at RMB 4.59 billion, mainly due to maturity of wealth management products.

• Net cash flows from financing activities increased 77% year-over-year, reflecting bond issuance and repayment of borrowings.

Outlook and guidance

• Improved operational efficiency and capital management are expected to support continued growth.