Weichai Power(02338.HK) once rose 9.3% to the highest level since April 2015. It is now reported at HK$8.36, up 7.87%, and temporarily traded HK$126 million. The latest total market capitalization was HK$66.856 billion.
According to the company's interim report, for the six months ending June 30, 2017, revenue was 72.313 billion yuan, an increase of 69.9% over the previous year; net profit attributable to shareholders of the parent company was 2,650 million yuan, an increase of 147.4% over the previous year; a basic profit of 0.33 yuan per share; and an interim dividend of 0.15 yuan per share was declared.
The increase in revenue was mainly due to a sharp increase in sales volume in the domestic heavy truck market and the increase in sales contribution from the Group's strategic transformation to an integrated solution provider for intelligent logistics. The increase in profits was influenced by the recovery of the heavy truck industry, a significant increase in domestic revenue, the strategic transformation of the Group and the synergies of domestic and foreign business.
The company's A-shares have now risen by more than 5%.
According to the latest data from Gelonghui, the average cost of Hong Kong Stock Connect's capital holding Weichai Power (02338.HK) is HK$8.66, and the holding ratio is 0.62%. Currently, it is in a state of floating loss.