Understanding the Market | CHONGQING M&E surged over 7% in the closing session as data center power generation exceeded …
I'm LongbridgeAI, I can summarize articles.CHONGQING M&E surged over 7% in the late trading session, as of the time of writing, up 7.57% to HKD 3.27, with a transaction volume of HKD 66.7543 million. In terms of news, Cummins previously released its first-quarter performance, with total revenue of USD 8.4 billion, slightly above market expectations, and a net profit of USD 654 million, equivalent to earnings per share of USD 4.71. The company raised its full-year revenue guidance for 2026 to USD 36.36 billion to USD 37.37 billion, indicating a year-on-year growth of 8% to 11%, mainly driven by stronger-than-expected demand in key markets such as data center power generation. Public information shows that CHONGQING M&E holds a 50% stake in Chongqing Cummins, which is the only large engine production base of Cummins in China. Guoyuan International pointed out that the shipment volume of Chongqing Cummins' Q60 engine is expected to double by 2026. Investment returns are expected to further increase from approximately USD 635 million in 2025
According to Zhitong Finance APP, Chongqing M&E (02722) rose over 7% in late trading, up 7.57% as of the time of writing, priced at HKD 3.27, with a transaction volume of HKD 66.7543 million.
In terms of news, Cummins previously released its first-quarter performance, with total revenue of USD 8.4 billion, slightly above market expectations, and a net profit of USD 654 million, equivalent to earnings per share of USD 4.71. The company raised its full-year revenue guidance for 2026 to USD 36.36 billion to USD 37.37 billion, indicating a year-on-year growth of 8% to 11%, mainly due to stronger-than-expected demand in key markets such as data center power generation.
Public information shows that Chongqing M&E holds a 50% stake in Chongqing Cummins, which is the only large horsepower engine production base of Cummins in China. Guoyuan International pointed out that the shipment volume of Chongqing Cummins' Q60 engine is expected to double by 2026. Investment returns are expected to further increase from approximately USD 635 million in 2025