HK Stock Market Move | Weichai Power (02338) rose more than 4%. The sales volume in the company's data center application field has been increasing year by year, and AI has unlocked the value of large-bore engines.

Weichai Power (02338) rose more than 4%, rising 3.47% as of press time, reaching 14.9 Hong Kong dollars, with a turnover of 2.44 billion Hong Kong dollars. In terms of news, Weichai Power stated on its investor relations platform that in recent years, the company has been actively developing the high-end domestic and international data center market and has made positive progress. Sales in the field of data center applications have been increasing year by year. In the future, the company will seize the growth opportunities in the global data center market, rely on product performance and delivery advantages, and continue to increase sales of data center-related products. UBS released a research report stating that it has raised Weichai Power's sales forecast for the general engine business from 2025 to 2027 by 7% to 11%; profit forecast raised by 14% to 18%. Since the launch of DeepSeek R1, China's market sentiment towards artificial intelligence (AI) and data centers has improved. Given Weichai Power's higher business visibility and upgraded product portfolio, the bank has raised its profit forecast for large-bore engines in 2025 to 2027 by 1% to 19%.