Changes in Hong Kong stocks | Chongqing Electromechanical (02722) rose more than 9%. Chongqing Cummins and Chongqing Hitachi Energy have high growth potential

The Zhitong Finance App learned that Chongqing Electromechanical (02722) rose more than 9%. As of press release, it had risen 9.47% to HK$2.08, with a turnover of HK$29.6316 million.

According to the news, on July 22, Chongqing Electromechanical Group, the controlling shareholder of Chongqing Mechatronics, held a semi-annual work meeting for 2026. It was pointed out at the meeting that in the first half of the year, the Group achieved a year-on-year increase of 17.13%, 46.57%, 17.6%, and 17.6% in revenue, total profit, new orders, and value added, and continued to maintain a good growth trend. According to information, a total of 15 enterprises in the Chongqing Electromechanical Group achieved both revenue and order growth.

Societe Generale Securities pointed out that Chongqing Cummins and Chongqing Hitachi Energy will have high growth certainty in the next few years, and the main business will gradually enter a profit release period as depreciation decreases. The company announced a three-year shareholder return plan in March this year, and the dividend payout ratio is gradually increasing.