On August 31, WEICHAI POWER fell 3.11% in regular trading, trading at 31.78 HKD/share, with turnover of approximately 67.26 million HKD. The decline came as short-term profit-taking continued following the release of the company's record-setting interim results.
WEICHAI POWER disclosed its mid-year earnings on August 27, reporting first-half revenue of 123.163 billion yuan, up 8.85% year-over-year, and net profit attributable to shareholders of 7.701 billion yuan, up 36.46%, marking a record high for the same period. AIDC backup power engine sales surged 1.3x year-over-year, while the data center power segment saw dedicated product shipments exceed full-year volume. Q2 investment income of approximately 1.45 billion yuan, a sharp increase from 180 million yuan a year ago, was a key profit driver, alongside improved contributions from subsidiary Kion.
Despite BOCOM International maintaining a Buy rating with a 44.5 HKD target price on the same day, the stock exhibited a classic buy-the-expectation, sell-the-fact pattern. Shares had already rebounded over 3% on August 28, and profit-taking has persisted in subsequent sessions as the earnings catalyst was fully priced in.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)