HK Stock Market Move | CHONGQING M&E (02722) continues to rise by over 20%, doubling in value this month. CHONGQING M&E Group's strategic restructuring is accelerating.

CHONGQING M&E (02722) surged more than 20% again, and the stock price has doubled within the month. As of the end of the article, it has increased by 13.11%, reaching 1.38 Hong Kong dollars, with a trading volume of 63.4412 million Hong Kong dollars. On the news front, on the afternoon of February 10th, Zeng Jinghua, the Party Secretary and Director of the State-owned Assets Supervision and Administration Commission of Chongqing Municipality, conducted research on the reform and development work of CHONGQING M&E Group. He emphasized the need to speed up the strategic restructuring of the group and the professional integration of its subsidiary companies, striving to create significant achievements in deepening the reform of state-owned assets and state-owned enterprises. It is necessary to focus on tasks such as streamlining, strengthening, stopping losses, revitalizing assets, and accelerating the strategic restructuring and professional integration to ensure the basic completion of reform tasks by the end of March. Guotai Junan issued a research report stating that the continuous high prosperity of domestic AIDC and data center construction has benefited, with high demand for high-end diesel generators. The bank pointed out that benefiting from the explosive demand for data centers, overseas manufacturers such as Cummins have seen continuous high growth in revenue and profit margins in the power systems business. It is worth noting that the cooperation between CHONGQING M&E and Cummins began in 1981. With the continuous deepening of their cooperation, in October 1995, the two parties each invested 50% and jointly established Chongqing Cummins Engine Co., Ltd. Currently, Chongqing Cummins has become a leading domestic manufacturer of large horsepower engines.