Gao Shengfa reported that excluding Kion, which is owned by Gao Shengfa, Weichai Power is valued at 17 times last year's price-to-earnings ratio and 10 times free cash flow, making it one of the most attractive Chinese industry leaders in the market. Goldman Sachs Group raised the target price of Weichai Power's H shares by 55 per cent to HK $32.50, maintained its "buy" rating, and raised the group's profit forecast of up to 15 per cent from 2020 to 2023 to reflect an increase in market share after the introduction of the new emission standards. The stock is now trading at HK $24.2, up 3.86%, with a total market capitalization of HK $192 billion.