Financial reporter Zhang Tingwang
On July 2, the "100 billion white horse" Weichai Power's A shares and H shares suffered heavy losses. As of press time, Weichai Power's A shares fell 6.43% to 14.70 yuan per share; Weichai Power's H shares fell 10.44% to HK$13.380 per share.
Image credit: Straight Flush
In this regard, the financial reporter called the securities affairs department of Weichai Power to understand the situation, and the staff responded that the company's daily production and operation conditions are normal, and the stock price decline may be related to the fluctuation of the market.
The above-mentioned personnel further said that if there are major matters that will be disclosed in a timely manner, they can pay attention to official news.
According to the data, Weichai Power Co., Ltd., founded in 2002, is the first company in China's internal combustion engine industry to be listed on the H-share market in Hong Kong, and the first company to achieve "H to A" dual listing through share exchange and absorption merger.
In terms of performance, the annual report shows that in 2023, Weichai Power will achieve operating income of 213.96 billion yuan, a year-on-year increase of 22.15%, and net profit attributable to the parent company of 9.01 billion yuan, a year-on-year increase of 83.77%. However, this is mainly related to the low base in 2022, and the company's 2023 performance has not yet reached the level of 2021.
Image source: 2023 Annual Report