On June 17th, Gelunhui reported that ZheShang Securities pointed out in a research report that Weichai Power (000338.SZ) had transitioned from a leader in heavy-duty engines to a multinational group in the global high-end equipment manufacturing sector, with multiple business synergies across cycles. According to the company's stock-based incentive goals, the company's revenues for 2024-2026 are no less than 210.2 billion yuan, 231.2 billion yuan, and 258.9 billion yuan, respectively, while the sales profit rate targets are no less than 8%, 9%, 9%, respectively, demonstrating the company's confidence in future profit margin improvement and stable growth. Driven by the four factors of economic recovery, replacement demand, export promotion, and increasing penetration rate of natural gas heavy trucks, it is expected that the compound annual growth rate of heavy truck sales from 2023 to 2026 will be 12%. This is the first coverage, and they have given it a "buy" rating.
研报掘金丨浙商证券：首予潍柴动力“买入”评级，多业务协同发展穿越周期
Research reports: Zheshang Securities initiates coverage on Weichai Power with a "buy" rating, highlighting the multi-business synergy development across cycles.
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