Weichai Power (2338) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 6.21% YoY to RMB181.17bn; attributable net profit increased 20.06% to RMB10.66bn, while operating cash flow fell 31.74% to RMB10.25bn.

• Q3 revenue grew 1.03% YoY to RMB58.01bn; attributable net profit declined 8.56% to RMB2.96bn, while adjusted attributable profit rose 13.90% to RMB3.22bn.

Financial highlights

• 9M total revenue was RMB181.17bn versus RMB170.57bn; total costs were RMB166.08bn versus RMB158.48bn.

• 9M operating profit was RMB16.03bn, total profit RMB13.46bn, and net profit RMB13.46bn; attributable net profit was RMB10.66bn.

• Q3 basic and diluted EPS were RMB0.34 each, down 8.40% YoY; 9M basic EPS was RMB1.24 and diluted EPS RMB1.23, up 20.28% and 20.30%.

• Total assets reached RMB372.73bn, up 1.43% from year-end; equity attributable to parent shareholders rose 0.88% to RMB94.01bn.

Segment performance

• Contract assets increased 70.22% to RMB3.94bn, mainly from continued project advancement in intelligent automation solutions.

• Operating cash flow was affected by cash outflows from the leasing business of KION, a subsidiary.