The Zhitong Finance App learned that Citi released a research report stating that it will maintain the “buy” rating of Weichai Power (02338.HK) and the target price of HK$50. The company achieved revenue of 58 billion yuan (same below) in the third quarter, up 1% year on year, down 4% from quarter to quarter, and 2% higher than market expectations; core net profit (excluding one-time items) was 3.22 billion yuan, up 14% year on year and 3% quarterly, in line with overall expectations.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.