Weichai Power Co Ltd

Weichai Power maintains a leveraged capital structure with a debt-to-equity ratio of 0.78 and a current ratio of 1.15. Total liabilities stand at 274.3 billion CNY against total equity of 93.2 billion CNY, resulting in negative net cash after subtracting total debt. The company generates 28.7 billion CNY in operating cash flow, which supports 6.8 billion CNY in capital expenditures, yielding 12.9 billion CNY in free cash flow.

Profitability metrics show a return on equity of 12.13% and a return on assets of 3.08%. The company trades at a price-to-earnings ratio of 16.39 and an EV/EBITDA of 14.51. Gross profit is 48.9 billion CNY on revenue of 231.8 billion CNY, indicating a gross margin of approximately 21.1%. Operating income is 16.1 billion CNY, leading to net income of 10.9 billion CNY.

Revenue concentration data by segment or geography is not provided in the available input. The company reports total revenue of 231.8 billion CNY for the latest normalized period. Without segment breakdowns, specific exposure to automotive versus other industrial activities cannot be quantified beyond the general industry classification.

Historical period data for revenue and net income trends is absent from the input. Consequently, the growth trajectory cannot be assessed using multi-year annual or quarterly comparisons. The analysis relies solely on the latest normalized financial snapshot.

Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt. The company has 6.72 billion shares outstanding, with no difference between basic and diluted share counts, suggesting minimal immediate dilution pressure from options or convertibles.

Recent IR observations show a mean analyst price target of 38.45 CNY and a median target of 42.00 CNY, implying upside from the current market price of 27.57 CNY. The mean recommendation is 1.73, with 5 strong buys and 9 buys recorded. No specific filing, news, or transcript observations are provided in the input data.

Fifteen analysts maintain a buy recommendation with a mean price target implying 9.6% upside from current levels.

Cash conversion ratio of 2.54 ranks in the top quartile, surpassing the 1.26 cohort median significantly.

Revenue grew 7.5% year-over-year to CNY 231.8 billion, showing continued top-line expansion in the latest fiscal period.

Net income declined 4.1% year-over-year to CNY 10.9 billion, signaling weakening profitability despite revenue growth.

Debt-to-equity ratio of 0.78 is nearly double the 0.40 cohort median, indicating elevated financial leverage risk.

The company carries a high credit risk flag, suggesting potential difficulties in meeting financial obligations or refinancing.

Operating income fell 7.8% year-over-year to CNY 16.1 billion, reflecting compression in core operational profitability.

Long-term debt increased to CNY 72.5 billion in FY2026, rising from CNY 61.8 billion in the prior year.

Revenue ¥62.56B, +8,9% YoY; Operating income +54,8% YoY.

• ▍Revenue ¥62.56B, +8,9% YoY
• ▍Operating income +54,8% YoY
• ▍Net income +13,8% YoY
• ▍Net margin 4.9%

Revenue ¥61.24B, +14,0% YoY; Operating income −24,3% YoY.

• ▍Revenue ¥61.24B, +14,0% YoY
• ▍Operating income −24,3% YoY
• ▍Net income −31,6% YoY
• ▍Net margin 3.4%

Revenue ¥57.42B, +16,1% YoY; Operating income +41,5% YoY.

• ▍Revenue ¥57.42B, +16,1% YoY
• ▍Operating income +41,5% YoY
• ▍Net income +29,5% YoY
• ▍Net margin 5.6%

Revenue ¥55.69B, −0,8% YoY; Operating income −13,1% YoY.

• ▍Revenue ¥55.69B, −0,8% YoY
• ▍Operating income −13,1% YoY
• ▍Net income −11,2% YoY
• ▍Net margin 5.3%

Revenue ¥57.46B; Operating income ¥3.08B.

• ▍Revenue ¥57.46B
• ▍Operating income ¥3.08B
• ▍Net margin 4.7%

Revenue ¥53.74B; Operating income ¥4.87B.

• ▍Revenue ¥53.74B
• ▍Operating income ¥4.87B
• ▍Net margin 5.6%

Revenue ¥49.46B; Operating income ¥3.60B.

• ▍Revenue ¥49.46B
• ▍Operating income ¥3.60B
• ▍Net margin 5.0%

Revenue ¥56.11B; Operating income ¥4.84B.

• ▍Revenue ¥56.11B
• ▍Operating income ¥4.84B
• ▍Net margin 5.9%

Revenue ¥231.81B, +7,5% YoY; Operating income −7,8% YoY.

• ▍Revenue ¥231.81B, +7,5% YoY
• ▍Operating income −7,8% YoY
• ▍Net income −4,2% YoY
• ▍Free cash flow +5,5% YoY
• ▍Net margin 4.7%

Revenue ¥215.69B, +0,8% YoY; Operating income +35,0% YoY.

• ▍Revenue ¥215.69B, +0,8% YoY
• ▍Operating income +35,0% YoY
• ▍Net income +26,5% YoY
• ▍Free cash flow +10,0% YoY
• ▍Net margin 5.3%

Revenue ¥213.96B, +22,1% YoY; Operating income +121,2% YoY.

• ▍Revenue ¥213.96B, +22,1% YoY
• ▍Operating income +121,2% YoY
• ▍Net income +83,8% YoY
• ▍Free cash flow +95,8% YoY
• ▍Net margin 4.2%

Revenue ¥175.16B, −13,9% YoY; Operating income −58,0% YoY.

• ▍Revenue ¥175.16B, −13,9% YoY
• ▍Operating income −58,0% YoY
• ▍Net income −47,0% YoY
• ▍Free cash flow −51,9% YoY
• ▍Net margin 2.8%