Summary by Futu AI
WEICHAI POWER ISSUED A POSITIVE PROFIT FORECAST ON JANUARY 23, 2024, EXPECTING NET PROFIT ATTRIBUTABLE TO PARENT SHAREHOLDERS TO INCREASE BY APPROXIMATELY 75% TO 90% IN 2023 COMPARED TO 2022. This expected growth is mainly due to the company seizing structural growth opportunities in the heavy card industry, actively adjusting the structure, and making breakthroughs in strategic markets, resulting in significant growth in sales of related products. The company stressed that these preliminary data have not yet been reviewed by auditors and will announce detailed annual results by the end of March 2024.