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WEICF.PK - Weichai Power: 2012 Net Profit Down 46.6 Percent YoY

|Includes: Weichai Power Company Ltd. (WEICF)

 

Prepared by ChinaScope Financial | Source: Company Disclosure
  • Weichai Power Company Ltd. (02338: HKG; 000338: SHE) announced that company net profit attributable to common shareholders for 2012 decreased 46.6 percent year-on-year (YoY) to CNY 2.99 billion. Company operating revenue decreased 19.8 percent YoY to CNY 48.2 billion.

 

  • In 2012, the company sold a total of 636,000 heavy-duty trucks, down 27.8 percent YoY, and the sales of heavy-duty truck engines decreased 34.8 percent YoY to 207,500 units.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.