HK Stock Market Move | CHONGQING M&E (02722) rose nearly 6% in early trading, with its subsidiaries Chongqing Cummins and Chongqing Hitachi Energy benefiting from data center and power grid construction.

CHONGQING M&E (02722) rose nearly 6% in the morning session, rising 4.51% as of the time of publication, to HK$2.78, with a turnover of HK$21.8864 million. On the news front, Cummins Inc. recently released its fourth quarter and full-year performance results. Despite the continued weakness in the North American truck market, Cummins achieved strong operational performance in the fourth quarter and throughout the year. Both the Distribution and Power Systems segments achieved record sales and profitability for the year, driven by operational efficiency and strong demand for backup power supplies for data centers. Cummins reported fourth quarter revenue of $8.5 billion in 2025, a 1% increase year-on-year; net profit was $593 million, compared to $418 million for the same period in 2024. Industrial released a research report stating that CHONGQING M&E is a leading equipment manufacturing company under Chongqing state-owned assets. The company also holds stakes in Chongqing Cummins and Chongqing Hitachi Energy. The report pointed out that Chongqing Cummins is the only large bore engine manufacturer for Cummins in China, benefiting from the development of large bore engines and data centers; while Chongqing Hitachi Energy mainly produces transformers of 220kV and above, benefiting from overseas high-voltage grid construction. Chongqing Cummins and Chongqing Hitachi Energy have high growth certainty in the coming years.