HK Stock Market Move | CHONGQING M&E (02722) rose over 5%. The company is expected to benefit from the construction of AI data centers and the global energy structure transformation.

CHONGQING M&E (02722) rose over 5%. As of the time of writing, it increased by 4.96%, reaching HK$2.22, with a transaction volume of HK$17.79 million. On the news front, Cummins recently released its Q2 2026 performance, achieving a record revenue of US$9.5 billion for the same period, a year-on-year increase of 9%, with international revenue growing by 12%, led by the Chinese market. The company's CEO stated that the record performance primarily reflects strong customer orders for backup power in data centers and improvements in the North American truck market, raising the full-year revenue guidance to a growth of 10%-13%. Huayuan Securities believes that, by the end of 2025, holding a 50% stake in Chongqing Cummins and a 38% stake in Chongqing Hitachi Energy will enable the company to deeply benefit from the construction of AI data centers and the global energy structure transformation. Additionally, CHONGQING M&E Group's 14th Five-Year Plan has established the overarching strategy of "12358," aiming to achieve an operating income of 50 billion yuan by 2030. The firm stated that the company's profitability is expected to enter a release period.