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Weichai Power Co Ltd (2338.HK)

2338.HK on Hong Kong Stock

10.18HKD
24 May 2018
Change (% chg)

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Latest Key Developments (Source: Significant Developments)

Kion CEO Says Sees Market Consolidation Continuing
Thursday, 1 Mar 2018 

March 1 (Reuters) - Kion CEO at news conference::SAYS M&A FOCUSED ON ENERGY, DIGITAL, AUTOMATION.SAYS CURRENTLY NO PLANS FOR LARGER ACQUISITIONS, MUST FIRST DIGEST DEMATIC.SAYS, COMMENTING ON CHINESE SHAREHOLDER WEICHAI, WE TRUST EACH OTHER, HAVE GOOD RELATIONSHIP.SAYS CONSOLIDATION TO CONTINUE, THERE ARE FAMILY-OWNED BUSINESSES CONSIDERING SUCCESSION.  Full Article

Weichai Power sees FY 2017 net profit to up 150 pct to 166 pct
Tuesday, 31 Oct 2017 

Oct 31(Reuters) - Weichai Power Co Ltd <000338.SZ> ::Says net profit for FY 2017 to up 150 percent to 166 percent, or to be 6.1 billion yuan to 6.5 billion yuan.Says FY 2016 net profit was 2.4 billion yuan .Says increased sales revenue as main reason for the forecast .  Full Article

Weichai Power's Q3 net profit up 316.1 pct y/y
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Weichai Power Co Ltd <000338.SZ>2338.HK:Says Q3 net profit up 316.1 percent y/y.  Full Article

Weichai Power issues debt securities for US$775 mln
Thursday, 7 Sep 2017 

Sept 8 (Reuters) - Weichai Power Co Ltd 2338.HK:issuance of US$775 mln 3.75 per cent. Senior guaranteed perpetual capital securities unconditionally and irrevocably guaranteed by the company .Weichai International Hong Kong Energy Group and guarantor entered subscription agreement with joint global coordinators & joint lead managers.Subscription agreement in connection with issue and sale of securities.  Full Article

Weichai Power's unit proposes offering of securities to professional investors
Friday, 1 Sep 2017 

Sept 1 (Reuters) - Weichai Power Co Ltd <000338.SZ>:Unit proposes to conduct an offering of securities to professional investors.Net proceeds of proposed issue to be used to repay bank borrowings in connection with group's acquisition of shares in Kion Group A.  Full Article

Weichai Power announces change in accounting policy
Thursday, 31 Aug 2017 

Aug 31(Reuters) - Weichai Power Co Ltd <000338.SZ>:Says it changes accounting policy based on accounting standards for business enterprises.  Full Article

Weichai Power's H1 net profit up, to boost finance subsidiary's capital
Wednesday, 30 Aug 2017 

Aug 30 (Reuters) - Weichai Power Co Ltd <000338.SZ>2338.HK:Says H1 net profit up 147.4 percent y/y at 2.7 billion yuan ($409.72 million).Says finance subsidiary's registered capital will increase by 600 million yuan to 1.6 billion yuan.  Full Article

Weichai Power sees H1 net profit up 125-150 pct y/y
Wednesday, 12 Jul 2017 

July 12 (Reuters) - Weichai Power Co Ltd <000338.SZ>2338.HK:Says it expects H1 net profit to rise 125-150 percent y/y to 2.4-2.7 billion yuan ($353.60-$397.80 million).  Full Article

Weichai Power says existing shareholders to increase capital of Shandong Heavy Finance Leasing
Thursday, 27 Apr 2017 

April 27 (Reuters) - Weichai Power Co Ltd <000338.SZ>:Existing shareholders to increase registered capital of shandong heavy finance leasing by aggregate amount of RMB180 million.Existing shareholders entered into capital increase agreement with Shandong Heavy Finance Leasing, target company.  Full Article

Weichai Power qtrly net profit RMB1.18 billion
Thursday, 27 Apr 2017 

April 27 (Reuters) - Weichai Power Co Ltd <000338.SZ> ::Qtrly net profit RMB1.18 billion versus RMB442.6 million.Qtrly revenue RMB34.99 billion versus RMB18.88 billion.  Full Article

BRIEF-Weichai Power Says Q1 Net Profit Up 62.7 Percent Y/Y

* SAYS Q1 NET PROFIT UP 62.7 PERCENT Y/Y Source text in Chinese: https://bit.ly/2HzfV2X Further company coverage: (Reporting by Hong Kong newsroom)