Weichai Power: Reports Three Quarter Revenue of CNY 147 Bn, Up 16.3%
Weichai Power released Q3 financial report on October 31 2020 and announced a net profit of CNY 7.11 billion from Q1 to Q3 2020, flat compared with the same period last year (up 0.7%). The company achieved a revenue of CNY 147.38 billion from Q1 to Q3 2020, up 16.3%. During the reporting period, Weichai Power achieved a gross margin of 19.5% and a net margin of 5.9%, down 2.6%, and 1.5% year-on-year respectively.
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