Weichai Power sees marginal revenue growth, profit decline in H1 2025

Weichai Power Co., Ltd. reported revenue of approximately RMB113,152 million for the first half of 2025, a marginal increase of approximately 0.6% compared to the corresponding period in 2024. Net profit attributable to the parent company’s shareholders decreased by approximately 4.4% to RMB5,643 million, resulting in basic earnings per share of RMB0.65, also down by 4.4%.

The gross operating margin improved by 0.4 percentage points to approximately 22.2%, primarily due to increased sales of high-profit generator engine sets and cost reduction efforts. However, distribution and selling expenses rose by 8.2% to RMB6,627 million, while general and administrative expenses surged by 33.1% to RMB6,781 million, largely due to provisions related to KION's efficiency program. Earnings before interest and tax (EBIT) for the period decreased by 14.4% to RMB9,242 million.

Cash inflows from operating activities amounted to RMB6,838 million, a year-on-year decrease, attributed to lower cash receipts from sales and services, and higher payments for goods and services. The total assets of the Group stood at approximately RMB365,319 million, with total liabilities at approximately RMB239,030 million as of June 30, 2025.