Changes in Hong Kong stocks | Chongqing Electromechanical (02722) rose more than 5%, and the company is expected to benefit from AI data center construction and global energy structure transformation

The Zhitong Finance App learned that Chongqing Electromechanical (02722) rose by more than 5%. As of press release, it had risen 4.96% to HK$2.22, with a turnover of HK$17.792,900.

According to the news, Cummins recently released its results for the second quarter of 2026. Revenue reached a record of 9.5 billion US dollars for the same period, up 9% year on year. Its international revenue increased 12% year on year, led by growth in the Chinese market. The company's CEO said that the record performance mainly reflects strong customer orders for data center backup power and improvements in the North American truck market, and has raised the annual revenue guide to a 10-13% increase.

Huayuan Securities believes that by the end of 25, it will participate in 50% of Chongqing Cummins and 38% of Chongqing Hitachi Energy, and the company is expected to benefit deeply from the construction of AI data centers and the transformation of the global energy structure. Furthermore, the “15th Five-Year Plan” of Chongqing Electromechanical Group establishes the overall strategic outline of the “12358,” which is expected to achieve operating revenue of 50 billion yuan by 2030. The bank said the company's profitability is expected to enter a release period.