HK Stock Market Move | Weichai Power(02338) rose nearly 4% driven by AIDC's structural transformation. Visibility of new business has increased.

Weichai Power (02338) rose nearly 4%. As of press time, it rose 3.81% to HK$33.2, with a turnover of HK$3.09 billion. On the news side, CMSC International previously pointed out that Weichai significantly raised its AIDC business guidance, opening up new growth opportunities and maintaining steady growth in its main business of heavy trucks. Weichai is transforming from a traditional heavy truck engine company to a leading power equipment company benefiting from AIDC demand. The visibility of new business is improving, driving continuous revenue growth and profit optimization. Therefore, their net profit forecasts for this year and next year have been raised by 10% and 21% respectively. Galaxy Securities also stated that the company's growth in 2026 will mainly benefit from the rapid growth of the power energy business, benefiting from the global AIDC construction bringing electricity demand, and the large-bore engine, gas generator, and SOFC business are expected to continue to contribute core growth increment.