HK Stock Market Move | CHONGQING M&E (02722) surged over 7%, AIDC Diesel Engine Enterprise interim report impressive, Chongqing Cummins is the engine supplier.

Chongqing M&E (02722) rose more than 7%, as of the time of writing, it had risen by 5.73% to 1.66 Hong Kong dollars, with a turnover of 83.8017 million Hong Kong dollars. On the news front, YuChai International's financial report showed that in the first half of 2025, the company achieved a net profit attributable to the mother of about 370 million RMB, a year-on-year increase of 52%; corresponding revenue in the first half increased by 34% year-on-year. The main reason for the growth of YuChai International in the first half of the year is the significant increase in production and sales, with diesel engine sales increasing by 30% year-on-year, and both vehicle and off-road applications experiencing rapid growth, with a fast growth in diesel engines for power generation. Guotai Haitong pointed out that AIDC-related investments are growing rapidly, but the construction of diesel engine capacity is slow, so the industry's tight balance will continue for a long time; it is expected that the performance of diesel engine-related companies will maintain steady growth. It is reported that the cooperation between CHONGQING M&E and Cummins began in 1981. As the cooperation between the two parties deepened, in October 1995, with each party holding a 50% investment, they jointly established Chongqing Cummins Engine Co., Ltd. Currently, Chongqing Cummins has become a leading domestic manufacturer of large horsepower engines.