On October 30,, Weichai Power (000338.SZ / 2338.HK) published its 2025 third-quarter results. Net profit attributable to the parent hit an all-time high, delivering a standout performance. For the first nine months, the company recorded:

Revenue of RMB 170.57 billion, up 5.3 % year-on-year

Net profit attributable to the parent of RMB 8.88 billion, up 5.7 % year-on-year

In Q3 alone, revenue reached RMB 57.42 billion (+16.1 % YoY) and net profit attributable to the parent was RMB 3.23 billion (+29.5 % YoY), with both key metrics setting new quarterly records and underscoring the company’s resilience and growth potential under a long-term-ism strategy.

Management said that, while reinforcing traditional advantages, Weichai accelerated breakthroughs in strategic emerging businesses. Continuous optimisation of the business mix lifted profitability and created a diversified, synergistic portfolio.

Power-train—Weichai’s “anchor” business—showed clear structural upgrade. Engine sales for 9M 2025 totalled 536 k units, including 188 k heavy-duty truck engines. By fuel type:

Diesel HD truck engines: ~117 k

Natural-gas HD truck engines: ~71 k

Thanks to their superior economics, natural-gas heavy-duty trucks rebounded strongly in Q3, industry volume +37 %. Leveraging deep technical know-how, product performance and a broad customer base, Weichai grew significantly faster than the market. New-energy power-train revenue rose 84 % to RMB 1.97 billion as new capacity came on stream.

The AI data-centre boom is also spurring demand for high-speed diesel gensets. Market research projects the global data-centre diesel-engine market will reach RMB 83.4 billion by 2028 (6 % CAGR), with AI-specific gensets hitting RMB 30.2 billion (43 % CAGR).

Riding this tailwind, Weichai’s M-series large-bore engines sold more than 7,700 units in the first nine months, up over 30 %, of which >900 went to data-centre projects—triple last year’s level—making the line a key growth engine.

Traditional pillars—heavy-duty trucks and agricultural equipment—remained robust. Shaanxi Heavy-Duty Truck sold 109 k heavy trucks (+18 %), including ~16 k new-energy heavy trucks (+2.5×), ranking top-tier. Weichai Lovol Smart Agriculture lifted both revenue and profit despite a weak market, gaining share across key products.

Internationally, Weichai has built a mutually beneficial ecosystem with global partners; overseas operations now account for roughly half of total business, smoothing domestic cyclicality. Against a volatile global backdrop and economic headwinds, overseas momentum stayed strong in 9M 2025. German subsidiary KION Group saw order intake rise 18.3 % to €8.88 billion: new forklift orders +11.8 % and supply-chain-solutions orders +50.5 %, securing future growth momentum.

Source : www.chinabuses.org

Editor : Olivia

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