SHE:000338

4 stories mentioning SHE:000338Updated 28d ago

Every FINWIRES story that references SHE:000338, newest first.

Market Chatter: Chinese Companies to Invest 940 Million Euros in AI, Cars in Serbia

Chinese companies will invest an additional 940 million euros into Serbia, beginning in July, Bloomberg reported Wednesday, citing President Aleksandar Vucic.Companies with investment agreements include Minth Group (HKG:0425), Shandong Linglong Tyre (SHA:601966), Changzhou Xingyu Automotive Lighting Systems (SHA:601799), Yusei Holdings (HKG:0096), Shanghai AgiBot Innovation Technology, Weichai Power (HKG:2338, SHE:000338), Zhejiang EV-Tech, Jiangsu Reliance Energy, and China Construction Fourth Engineering Division, the report said.The investments will go to auto parts production, humanoids, energy, and artificial intelligence projects, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0096HKG:0425HKG:2338SHA:601799SHA:601966SHE:000338

Asia41d ago

Market Chatter: China's Weichai Wards Off KKCG Challenge, Ends Board Clash at Italian Yachtmaker Ferretti

Shareholders in Ferretti voted to retain China-based Weichai Group on its board, defeating Czech investor KKCG's governance bid, Reuters reported Thursday, citing two sources close to the matter.The vote ended CEO Alberto Galassi's 12-year tenure at the Italian yachtmaker after shareholders named new directors, the report said.Even if shareholders voted against KKCG control, the boardroom uncertainty remains as the Czech investor will appeal the vote, according to Reuters.During the annual meeting, KKCG sought to suspend Weichai's voting rights by invoking Italy's "golden power" rules, which allow the Italian government to veto corporate deals deemed to undermine national security, Reuters said.KKCG also sought to postpone the meeting to allow for further checks, but both motions were denied, according to the sources.Weichai counts Weichai Power (HKG:2338, SHE:000338) and Weichai Heavy Machinery (SHE:000880) as its subsidiaries.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:2338SHE:000338SHE:000880

Asia56d ago

Weichai Power's Profit Climbs 14% in Q1

Weichai Power (HKG:2338, SHE:000338) recorded a 14% rise in attributable profit in the first quarter of 2026 to 3.09 billion yuan from 2.71 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the Chinese equipment maker were up 7% in Thursday afternoon trading, while China-listed shares were up over 3%.Earnings per share rose to 0.36 yuan from 0.31 yuan in the corresponding period of the previous fiscal year.Revenue increased 8.9% to 62.6 billion yuan from 57.5 billion yuan in the year-ago period.

HKG:2338SHE:000338

Asia56d ago

Weichai Power Q1 Profit Up 14%; Shares Climb 4%

Weichai Power (SHE:000338) posted first-quarter attributable net profit of 3.09 billion yuan, up 14% from 2.71 billion yuan the previous year.Earnings per share rose to 0.36 yuan from 0.31 yuan, according to a Thursday filing with the Shenzhen bourse.The automobile and equipment maker's operating revenue climbed 8.9% year over year to 62.6 billion yuan from 57.5 billion yuan.Shares of the company rose 4% in recent trade.

SHE:000338

Track with the FINWIRES app suite

FolioX

Track SHE:000338 in your portfolio

WheelAI

Analyze SHE:000338 options with the wheel strategy

StockInsider

See market sentiment on SHE:000338