HK Stock Market Move | Soft Power (02338) rose more than 4% to hit a new high, and is expected to transform into a comprehensive supplier of AIDC power generation equipment.

Weichai Power (02338) rose more than 4%, reaching a high of 28.36 Hong Kong dollars, hitting a new historical high. As of the time of this report, it has increased by 3.46%, at 28.12 Hong Kong dollars, with a trading volume of 195 million Hong Kong dollars. On the news front, according to Securities Times, driven by the current wave of data center construction and global power shortages, the power generation business is becoming the future largest growth engine of the internal combustion engine industry. "By 2025, our sales of internal combustion engines for power generation will exceed 100,000 units, with strong demand for data center-specific models." The head of Weichai Power Energy Business Unit recently stated in an interview that the company's power generation unit production capacity utilization is currently at a high level, with data centers using power generation units essentially at full capacity. Guotai Haitong believes that Weichai Power has the potential to transition from a company mainly focused on heavy truck powertrain manufacturing to a comprehensive supplier of AIDC power generation equipment. Against the backdrop of rapid growth in global AIDC investments and the continuous deepening of the "power shortage in the United States" phenomenon, Weichai Power's various AIDC power generation equipment business - including reciprocating gas power generation units, SOFC, and diesel generators as backup power - all have the potential for high growth.