An investor asked on the investor interaction platform: Hello, secretary, as of the third quarter, the goodwill in the statements had exceeded 20 billion, accounting for more than 30% of the net assets. What is the formation or composition of this goodwill?
Weichai Power Co.Ltd(000338) (000338. SZ) said on the investor interaction platform on January 15 that the company’s goodwill is mainly generated by overseas mergers and acquisitions. At present, the relevant targets are of good quality and good operation. In particular, Kaiao group performed well in the first three quarters of 2021, with a year-on-year increase of 25.6% in revenue and 225% in net profit, which has greatly increased its contribution to the company’s profit. Please refer to the 2021 interim report of the company for the composition of goodwill.
