HK Stock Market Move | CHONGQING M&E (02722) up more than 7% at closing, data center power generation exceeds expectations, Cummins raises full-year revenue guidance.

CHONGQING M&E (02722) rose more than 7% at the closing, rising by 7.57% as of the time of writing, to 3.27 Hong Kong dollars, with a turnover of 66.7543 million Hong Kong dollars. On the news front, Cummins previously released its first-quarter results, with total revenue of $8.4 billion during the period, slightly higher than market expectations, and net profit of $654 million, or $4.71 per share. The company raised its full-year revenue guidance for 2026 to $36.36 billion to $37.37 billion, meaning a year-on-year growth of 8% to 11%, mainly driven by demand exceeding expectations in key markets such as data center power generation. Public data shows that CHONGQING M&E holds a 50% stake in Chongqing Cummins, which is the only high horsepower engine production base of Cummins in China. Guoyuan International pointed out that shipments of Q60 engines from Chongqing Cummins in 2026 are expected to double. Investment returns are expected to further increase from the base of about $635 million in 2025.