Changes in Hong Kong stocks | Weichai Power (02338) rose nearly 10% in early trading, AIDC Diesel has become the company's most profitable business

The Zhitong Finance App learned that Weichai Power (02338) rose nearly 10% in early trading. As of press release, it had risen 7.84% to HK$33.02, with a turnover of HK$228 million.

According to the news, GE Vernova's financial report revealed that the scale of pending delivery orders and capacity lock-up agreements for gas power equipment continues to expand. It has increased from 100 gigawatts to 116 gigawatts, and is expected to reach at least 125 gigawatts by the end of 2026. Continuously verify the high demand for combustion engines driven by AI data centers.

CITIC Construction Investment pointed out that considering that Weichai Power's core growth engine has switched from heavy truck powertrains and complete vehicles to the booming AIDC power generation business, the share of related profits is expected to increase from 20% to more than 40% in 2026-2028, and contribute more than 70% in performance growth. We are optimistic about Weichai's valuation potential to target overseas leaders, and Davis can be expected to double hit.