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Weichai Power Co Ltd (2338.HK)

2338.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Weichai Power issues debt securities for US$775 mln
Thursday, 7 Sep 2017 06:21pm EDT 

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 12:16am EDT 

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
Wednesday, 30 Aug 2017 09:52pm EDT 

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 08:30am EDT 

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 05:27am EDT 

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 07:43am EDT 

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 07:24am EDT 

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

Weichai Power expects to record an increase of about 140% to 170% in net profit
Thursday, 13 Apr 2017 08:17am EDT 

Weichai Power-<2338.HK>: Announcement Positive Profit Alert . Expected to record an increase of about 140% to 170% in net profit attributable for three months ended 31 march 2017 .Weichai power co ltd-increase in net profit was mainly due to an increase in sales of company's main products for three months ended 31 march 2017.  Full Article

Weichai Power sees Q1 net profit up 140-170 pct
Thursday, 13 Apr 2017 05:22am EDT 

Weichai Power Co Ltd <000338.SZ> :Says it sees Q1 net profit up 140-170 percent y/y to 1.1-1.2 billion yuan ($159.77-$174.30 million).  Full Article

Weichai Power's 2016 net profit up 72.9 pct
Wednesday, 29 Mar 2017 08:02am EDT 

Weichai Power Co Ltd <000338.SZ><2338.HK> :Says 2016 net profit up 72.9 percent y/y at 2.4 billion yuan ($348.41 million).  Full Article

Fitch Rates Weichai's USD Perpetual Securities at 'BBB'

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, September 13 (Fitch) Fitch Ratings has assigned Weichai Power Co., Ltd.'s (Weichai, BBB+/Stable) USD775 million senior perpetual capital securities a final rating of 'BBB'. The perpetual capital securities are issued by Weichai International Hong Kong Energy Group Co., Limited, and unconditionally and irrevocably guaranteed by Weichai. Fitch accords no equity credit to the issuance in the agency's evaluation of Weich