Group 1 - Tsugami Machine Tool China (01651) saw a nearly 6% increase, reaching a historical high, with revenue of 81.58 billion yen in China, up 28.3% year-on-year, and segment profit of 22.534 billion yen, up 51.2% [1] - Zhizhu (02513) surged over 26%, with a 25.8% increase reported, following the launch of its flagship model GLM-5, which achieved state-of-the-art performance in coding and agent capabilities [1] - China Nuclear International (02302) rose over 7%, with a forecasted revenue of no less than 2.46 billion HKD for 2025, driven by increased uranium trading volume [1] Group 2 - Tianyu Semiconductor (02658) increased nearly 8% after announcing a strategic partnership with EYEQ Lab Inc., a leader in third-generation semiconductors in South Korea [2] - Harbin Electric (01133) rose 7.95% after announcing an expected net profit of 2.65 billion yuan for 2025, a year-on-year increase of approximately 57.2% [2] - Weichai Power (02338) increased over 5.6%, with Morgan Stanley raising the projected cumulative power gap for U.S. data centers from 44 GW to 47 GW for 2025-2028 [2] Group 3 - SOLV Energy (MWH.US) debuted on the U.S. stock market with a 22.68% increase, focusing on large-scale solar power and battery storage projects [4] - Gilead Sciences (GILD.US) rose 5.82%, with a reported revenue growth of 2.4% year-on-year and a significant net profit increase of approximately 16.73 times [4] - TSMC (TSM.US) increased by 3.37%, reporting a January revenue growth of 36.8% year-on-year, marking its strongest monthly revenue ever [5] Group 4 - Bilibili (BILI.US) rose 2.84% after announcing collaboration with the Spring Festival Gala, marking the first involvement of UP owners in the event [6] - Micron Technology (MU.US) surged 9.94% as the memory market experienced a rapid increase, with prices rising 80%-90% since the end of Q4 2025 [7] - Kingsoft Cloud (KC.US) increased by 9.98%, with Goldman Sachs predicting Xiaomi's investment in AI to reach approximately 10 billion yuan in 2026, benefiting Kingsoft Cloud [8]

Group 1 - Chongqing Machinery and Electric (02722) saw a nearly 6% increase in stock price, currently up 4.51% at HKD 2.78, with a trading volume of HKD 34.35 million [1] - Cummins reported strong operational performance for Q4 and the full year, despite a weak North American truck market, with record sales and profitability driven by its distribution and power systems divisions [1] - Cummins' Q4 revenue is projected to be USD 8.5 billion, a 1% increase year-over-year, with net profit expected to reach USD 593 million, compared to USD 418 million in the same period of 2024 [1] Group 2 - Industrial Securities highlighted Chongqing Machinery and Electric as a leading equipment manufacturing enterprise under Chongqing State-owned Assets, with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids, indicating strong growth potential for both subsidiaries in the coming years [1]

Group 1 - Chongqing Machinery and Electric (02722) saw a nearly 6% increase in early trading, currently up 4.51% at HKD 2.78, with a transaction volume of HKD 21.8864 million [1] - Cummins reported strong operational performance in Q4 and for the full year, despite a weak North American truck market, with record sales and profitability driven by its distribution and power systems divisions [1] - Cummins' Q4 revenue for 2025 is projected to be USD 8.5 billion, a 1% increase year-over-year, with net profit expected to reach USD 593 million compared to USD 418 million in the same period of 2024 [1] Group 2 - Industrial Securities highlighted Chongqing Machinery and Electric as a leading equipment manufacturing enterprise under Chongqing State-owned Assets, with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids, indicating strong growth potential for both subsidiaries in the coming years [1]

Core Viewpoint - Chongqing Mechanical and Electrical (02722) saw a significant stock price increase, rising over 18% during trading, with a current price of 2.64 HKD and a trading volume of 101 million HKD. [1][4] Group 1: Company Performance - Cummins Inc. reported strong operational performance for Q4 and the full year, despite a weak North American truck market. The distribution and power systems divisions achieved record sales and profitability due to operational efficiency and strong demand for data center backup power. [1][4] - For Q4 2025, Cummins expects revenue of 8.5 billion USD, a 1% increase year-over-year, with net profit projected at 593 million USD, compared to 418 million USD in the same period of 2024. [1][4] Group 2: Investment Insights - Industrial Securities noted that Chongqing Mechanical and Electrical holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy. Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, producing various engine models. The company is actively expanding capacity due to tight industry supply, with expectations for continued growth in high-power engines for data centers and other sectors in the coming years. [1][4] - The report anticipates that Chongqing Hitachi Energy will benefit from a resonance in domestic and international grid demand, leading to sustained prosperity over an extended period. [1][4]

Group 1 - Chongqing Machinery and Electric Co., Ltd. (02722.HK) experienced a significant stock price increase of over 18% on February 9, reaching a peak increase of 17.86% at a price of 2.64 HKD per share [2] - The trading volume for Chongqing Machinery and Electric was reported at 87.3364 million HKD [2]

Core Viewpoint - Chongqing Machinery and Electric (02722) saw a significant increase of over 18%, currently trading at 2.64 HKD with a transaction volume of 87.34 million HKD, following the strong performance of Cummins Inc. in its fourth quarter and full-year results despite a weak North American truck market [1] Group 1: Company Performance - Cummins reported a strong operational performance in Q4 and for the full year, achieving record sales and profitability driven by its distribution and power systems divisions [1] - For Q4 2025, Cummins expects revenue of 8.5 billion USD, a 1% increase year-over-year, with net profit projected at 593 million USD compared to 418 million USD in the same period of 2024 [1] Group 2: Investment Opportunities - Chongqing Machinery and Electric holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy, positioning it well for future growth [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, actively expanding capacity due to industry supply constraints, with expectations for continued growth in high-power engines for data centers and other sectors in the coming years [1] - The investment firm anticipates that Chongqing Hitachi Energy will benefit from sustained demand in domestic and international power grid requirements, leading to prolonged economic prosperity [1]

Core Viewpoint - Chongqing Machinery and Electric (02722) saw a significant increase in stock price, rising over 18% to HKD 2.64, with a trading volume of HKD 87.34 million, reflecting positive market sentiment towards the company following Cummins' strong performance in Q4 and the full year [1] Group 1: Company Performance - Cummins reported strong operational performance in Q4 and for the full year, despite a weak North American truck market, achieving record sales and profitability in its distribution and power systems divisions [1] - For Q4 2025, Cummins expects revenue of USD 8.5 billion, a 1% increase year-over-year, with net profit projected at USD 593 million, compared to USD 418 million in the same period of 2024 [1] Group 2: Investment Opportunities - Chongqing Machinery and Electric holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy, positioning it well to benefit from the growth in demand for large-capacity engines and energy solutions [1] - Chongqing Cummins is the only large-bore engine manufacturer in China for Cummins, actively expanding production capacity due to industry supply constraints, with expectations for continued growth in demand for high-power engines in data centers and other sectors over the coming years [1] - The investment firm anticipates that Chongqing Hitachi Energy will benefit from the resonance of domestic and international grid demands, leading to sustained economic prosperity for an extended period [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 重慶機電股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,584,452,684 | RMB | | 1 | RMB | | 2,584,452,684 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底結存 | | | 2,584,452,684 | RMB | | 1 | RMB | | 2,584,452,684 | | 2. ...

Core Viewpoint - The power generation business is becoming the largest growth engine for the internal combustion engine industry, driven by the dual forces of data center construction and global power shortages [1] Industry Summary - There is a significant increase in demand for generator sets for data centers, with the global market capacity expected to reach 23,000 units by 2030 due to AI development and digital infrastructure expansion [1] - Cummins has announced its 2030 strategy, predicting that the global market size for large-bore diesel generators will reach $12 billion by 2030 [1] Company Summary - Chongqing Machinery and Electric Group, under the Chongqing State-owned Assets Supervision and Administration Commission, has core businesses including turbines, wires and cables, gas compressors, industrial pumps, wind turbine blades, and machine tools [1] - The company holds stakes in Chongqing Cummins and Chongqing Hitachi Energy, with Chongqing Cummins being the only large-bore engine enterprise in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids [1] - Chongqing Cummins and Chongqing Hitachi Energy are expected to have high growth certainty in the coming years, while the main business is gradually entering a profit release phase as impairments decrease [1]

Core Viewpoint - The power generation business is becoming the largest growth engine for the internal combustion engine industry, driven by the dual forces of data center construction and global electricity shortages [1] Industry Summary - The demand for generator sets in data centers is experiencing a sharp increase, with the global market capacity expected to reach 23,000 units by 2030 due to the expansion of digital infrastructure and AI development [1] - Cummins has announced its 2030 strategy, indicating that power generation will be the largest growth point for its traditional business, with the global market size for large-bore diesel generators projected to reach $12 billion by 2030 [1] Company Summary - Chongqing Machinery and Electric Group, under the Chongqing State-owned Assets Supervision and Administration Commission, has core businesses including turbines, cables, gas compressors, industrial pumps, wind turbine blades, and machine tools [1] - The company holds stakes in Chongqing Cummins and Chongqing Hitachi Energy, with Chongqing Cummins being the only large-bore engine enterprise in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids [1] - The company is expected to see high growth certainty in Chongqing Cummins and Chongqing Hitachi Energy in the coming years, while its main business is gradually entering a profit release phase as impairments decrease [1]