Weichai Power reports strong third quarter financial growth

Weichai Power Co., Ltd. reported total revenue of 170,570,624,994.35 yuan for the period from the beginning of the year to the end of the reporting period, representing a 5.32% increase over the corresponding period of last year. Net profit attributable to shareholders of the parent company reached 8,877,551,118.30 yuan, marking a 5.67% rise compared to last year. Basic earnings per share increased by 5.83% to 1.03 yuan.

Total assets grew by 5.95% to 364,324,870,642.28 yuan at the end of the reporting period, while equity attributable to shareholders of the parent company increased by 8.48% to 94,051,053,610.73 yuan. Operating activities generated net cash flows of 15,014,748,052.19 yuan, an 11.09% increase.

The company also highlighted significant changes in its balance sheet, including a 35.15% increase in accounts receivables due to credit policy and an 83.41% rise in short-term loans for working capital. Non-current liabilities due within one year decreased by 35.48% due to the maturity of bonds and loans, while long-term borrowings increased by 33.61% for replacement loans.