Two Decades Post-IPO, Weichai Power's Market Value Soars 30-Fold, Distributing RMB 28 Billion in Dividends
WEIFANG, China, March 26, 2024 /PRNewswire/ -- Weichai Power Co., Ltd. (2338.HK, 000338.SZ), in its latest annual report released on March 26, unveiled significant financial achievements for the year 2023. The company recorded revenue of RMB 213.96 billion, a notable increase of 22.2% compared to the previous year. Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
- Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
- From 2004 to 2023, revenue surged from RMB 6.2 billion to RMB 214 billion, reflecting a thirty-threefold increase.
- The company's total market value has exceeded RMB 140 billion, a 30-fold increase since its listing.
- Weichai Power has witnessed exceptional market value growth, surpassing 40 times its initial listing value.