HK Stock Market Move | CHONGQING M&E(02722) surges over 18% with impressive performance by Cummins, strong demand for backup power in data centers.

CHONGQING M&E (02722) rose more than 18%, reaching 17.86% at the time of writing, reporting 2.64 Hong Kong dollars and a turnover of 87.3364 million Hong Kong dollars. On the news front, Cummins Inc. recently released its fourth quarter and full-year performance. Despite the continued weakness in the North American truck market, Cummins achieved strong operational performance in the fourth quarter and full year. The Distribution Business and Power System Business achieved record high sales and profitability for the year, driven by execution efficiency and strong demand for backup power in data centers. Cummins reported fourth quarter revenue of $8.5 billion for 2025, a 1% increase year-on-year; net profit was $593 million, compared to $418 million in the same period in 2024. An industrial report previously pointed out that CHONGQING M&E is also a shareholder of Chongqing Cummins and Hitachi Energy in Chongqing. Chongqing Cummins mainly produces engines such as QSN/NT, QSK19/K19, QSK38/K38, QSK50/K50, QSK60, and is the only large bore engine enterprise for Cummins in China. Due to industry supply constraints, the company is actively expanding its production capacity, with expectations for continued growth in the future in high horsepower engines for data centers and other applications. In addition, the report expects Hitachi Energy in Chongqing to benefit from resonating demand for domestic and overseas power grids, leading to a sustained period of prosperity.