--- title: "Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3%" type: "News" locale: "en" url: "https://longbridge.com/en/news/272940414.md" description: "YUK WING GP surged 33.91%; WEICHAI POWER rose 3.06%, with a transaction volume of HKD 768 million; TIMES ELECTRIC increased by 3.42%, with a transaction volume of HKD 179 million; SANY International rose 7.66%, with a transaction volume of HKD 137 million; SANY Heavy Industry fell 2.33%, with a market value of HKD 208.5 billion" datetime: "2026-01-19T07:16:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272940414.md) - [en](https://longbridge.com/en/news/272940414.md) - [zh-HK](https://longbridge.com/zh-HK/news/272940414.md) --- # Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3% **Hong Kong Stock Movement** YUK WING GP surged 33.91%. Based on recent key news: 1. On January 19, YUK WING GP announced that Yao Daohua resigned as an independent non-executive director, leading to increased market attention on the company's governance structure. This news triggered investor expectations regarding future management changes, driving the stock price up by 33.91%. Source: Economic Information Daily **Stocks with High Trading Volume in the Industry** WEICHAI POWER rose 3.06%. Based on recent key news: 1. On January 16, a HSBC research report pointed out that WEICHAI POWER's performance in the heavy truck sector is supported by the continuation of subsidy policies. The bank raised the target price for WEICHAI POWER's H shares to HKD 25.8 and maintained a "Buy" rating, pushing the stock price up. 2. On January 16, against the backdrop of high growth in new energy, the overall engine market remained stable. WEICHAI POWER maintained market competitiveness through technological upgrades and optimization of customer structure, supporting the rise in stock price. The heavy truck sector is expected to remain stable, with attention on policy changes. TIMES ELECTRIC rose 3.42%. Based on recent news: 1. On January 16, the modernization of the power grid has become a key constraint affecting energy security, energy transition, and competitiveness. AI investment and deployment will continue to grow, driving further expansion of data center construction. Securing sufficient energy and electricity will be a key factor influencing AI empowerment. The global demand for power grid construction is increasing, especially in regions like Europe and the United States where grid infrastructure is relatively weak, and aging grids are putting pressure on grid systems. As a power grid equipment supplier, TIMES ELECTRIC benefits from the growth in grid investment, leading to a rise in stock price. 2. On January 16, Huaxi Securities released a research report stating that driven by the rapid development of global AIDC and sustained growth in grid construction investment, the demand for electrical equipment is entering a prosperous cycle. TIMES ELECTRIC possesses quality channel resources and leading technological strength, actively laying out relevant production capacity, and is expected to fully benefit, leading to a rise in stock price. 3. On January 16, TIMES ELECTRIC reported a first-quarter operating revenue of 4.537 billion yuan, a year-on-year increase of 14.81%; net profit attributable to shareholders of the listed company was 631 million yuan, a year-on-year increase of 13.42%. Basic earnings per share were 0.45 yuan. The strong financial performance has enhanced market confidence, driving the stock price up. The global demand for power grid construction is increasing, and the demand for electrical equipment is entering a prosperous cycle. SANY International rose 7.66%, with a trading volume of HKD 137 million, and there has been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** SANY Heavy Industry fell 2.33%. Based on recent news: 1. On January 19, SANY Heavy Industry announced that 7.4081 million shares from its 2021 employee stock ownership plan have all been sold through block trades, accounting for approximately 0.09% of the total share capital. This move may lead to a decline in market confidence regarding the company's internal shareholding plan, affecting the stock price 2. On January 16th, SANY Heavy Industry announced that the scale of its employee stock ownership plan is set at 265 million yuan, with funding sourced from a reward fund, and involving 4,037 employees. After the stock sale is completed, the company will conduct asset liquidation and distribution, which may raise market concerns about the company's financial condition. 3. On January 16th, Zhitong Finance reported that all stocks from SANY Heavy Industry's employee stock ownership plan have been sold, accounting for 0.0873% of the total share capital. This news may exacerbate market concerns about the company's future stock price volatility. 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