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: 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2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. 股份分類 | 普通股 | 股份類別 | ...

每经AI快讯，重庆机电(02722.HK)涨超4%，截至发稿，涨4.37%，报2.39港元，成交额1901.09万港元。 ...

Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) has seen a stock increase of over 4%, currently trading at 2.39 HKD with a transaction volume of 19.01 million HKD, following the release of a new plan by the Chongqing State-owned Assets Supervision and Administration Commission to enhance the technological innovation capabilities of state-owned enterprises [1] Group 1: Company Overview - Chongqing Machinery and Electric is primarily owned by Chongqing Holdings Group, holding 58.52% of the shares [1] - The company is part of the Chongqing State-owned Assets Supervision and Administration Commission and focuses on equipment-related businesses, including water turbines, electrical wires and cables, gas compressors, industrial pumps, wind turbine blades, and machine tools [1] Group 2: Growth Potential - The company has significant growth certainty in its subsidiaries, Chongqing Cummins and Chongqing Hitachi Energy, over the next few years [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, producing various engine models, and is actively expanding its production capacity due to industry supply constraints [1] - The demand for high-horsepower engines in data centers and other sectors is expected to continue growing in the coming years [1]

Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) has seen a stock price increase of over 4%, currently trading at HKD 2.39 with a transaction volume of HKD 19.01 million, following the release of a new innovation plan by the Chongqing State-owned Assets Supervision and Administration Commission [1] Group 1: Company Overview - Chongqing Machinery and Electric is primarily owned by Chongqing Holdings Group, holding 58.52% of the shares [1] - The company is part of the Chongqing State-owned Assets Supervision and Administration Commission and focuses on equipment-related businesses, including water turbines, electrical wires and cables, gas compressors, industrial pumps, wind turbine blades, and machine tools [1] Group 2: Growth Potential - The company has significant growth potential through its subsidiaries, Chongqing Cummins and Chongqing Hitachi Energy, which are expected to experience high growth certainty in the coming years [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, producing various engine models and is actively expanding its production capacity due to industry supply constraints [1] - The demand for high-horsepower engines in data centers and other sectors is anticipated to continue growing in the next few years [1]

Core Viewpoint - The report from Industrial Securities initiates coverage on Chongqing Machinery and Electric Co., Ltd. (02722) with a "Buy" rating, highlighting strong growth potential from Chongqing Cummins and Chongqing Hitachi Energy in the coming years, alongside a gradual recovery in profitability as impairment decreases [1]. Group 1: Company Overview - Chongqing Machinery and Electric is a leading equipment manufacturing enterprise under the Chongqing State-owned Assets Supervision and Administration Commission, with a 58.52% stake held by Chongqing Holdings (Group) [1]. - The company's main business includes hydro turbines, electrical wires and cables, gas compressors, industrial pumps, wind turbine blades, and machine tools, while also holding stakes in Chongqing Cummins and Chongqing Hitachi Energy [1]. Group 2: Financial Projections - The company is projected to achieve revenues of 8.92 billion yuan in 2024, representing a year-on-year growth of 10.7%, with a gross profit of approximately 1.555 billion yuan, up 5% [1]. - The net profit attributable to shareholders is expected to reach 431 million yuan in 2024, reflecting a significant year-on-year increase of 42% [1]. - Revenue forecasts for 2025, 2026, and 2027 are 9.678 billion yuan, 10.539 billion yuan, and 11.521 billion yuan, respectively, with net profits of 732 million yuan, 902 million yuan, and 1.019 billion yuan, leading to PE ratios of 9.82, 8.02, and 7.11 times [1]. Group 3: Business Segments - Chongqing Cummins is the only large-bore engine manufacturer in China, benefiting from the booming demand for large-bore engines and data centers, and is actively expanding production capacity [1]. - Chongqing Hitachi Energy specializes in producing transformers rated at 220kV and above, and is positioned to benefit from strong overseas demand for high-voltage power grid construction, with significant growth expected due to the National Grid's investment plan [2].

Group 1 - Core viewpoint: Industrial Securities initiates coverage on Chongqing Machinery and Electric (02722) with a "Buy" rating, highlighting strong growth potential from Chongqing Cummins and Chongqing Hitachi Energy, alongside a gradual recovery in profitability as impairments decrease [1] - Revenue projections: The company is expected to generate revenues of 9.678 billion, 10.539 billion, and 11.521 billion yuan in 2025, 2026, and 2027 respectively, with net profits of 732 million, 902 million, and 1.019 billion yuan [1] - Valuation metrics: Projected PE ratios for the years 2025, 2026, and 2027 are 9.82, 8.02, and 7.11 respectively [1] Group 2 - Company background: Chongqing Machinery and Electric is a leading equipment manufacturing enterprise under the Chongqing State-owned Assets Supervision and Administration Commission, with a 58.52% stake held by Chongqing Holdings [1] - Main business segments: The company’s core operations include hydro turbines, electrical wires and cables, gas compressors, industrial pumps, wind turbine blades, and machine tools, along with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - 2024 revenue forecast: The company anticipates a main business revenue of 8.92 billion yuan in 2024, representing a year-on-year growth of 10.7%, with a gross profit of approximately 1.555 billion yuan, up 5% [1] Group 3 - Chongqing Cummins: The company is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth in large-bore engines and data centers, and is actively expanding production capacity [2] - Product range: Chongqing Cummins produces various engine models including QSN/NT, QSK19/K19, QSK38/K38, QSK50/K50, and QSK60 [2] Group 4 - Chongqing Hitachi Energy: This company is a major production base for high-voltage transformers (220kV and above) and is expected to benefit from strong overseas demand and the expansion of its production capacity [3] - Market opportunity: The company is poised to gain from the rapid growth in ultra-high voltage construction, supported by a significant investment plan from the State Grid [3]

Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) has seen its stock price increase by over 4%, currently trading at HKD 2.34 with a transaction volume of HKD 8.3565 million, following the announcement of a new innovation plan by the Chongqing State-owned Assets Supervision and Administration Commission [1] Group 1: Innovation Plan Overview - The Chongqing State-owned Assets Supervision and Administration Commission has issued a plan to enhance the technological innovation capabilities of state-owned enterprises, outlining seven specific tasks for implementation [1] - The plan aims for a research and development expenditure growth rate of over 8% by 2026 for state-owned enterprises in Chongqing [1] - The initiative targets breakthroughs in over 30 key core technologies in strategic areas such as intelligent connected new energy vehicles and industrial mother machines [1] Group 2: Strategic Goals - The plan seeks to increase the proportion of output from strategic emerging industries of state-owned enterprises to over 35% of the total industrial output value [1] - It includes the implementation of over 100 "four-chain" integration projects and around 70 digital and "AI+" application scenarios to strengthen the role of technological innovation in industrial upgrading [1] Group 3: Key Measures - The plan outlines seven key measures, including enhancing the capabilities of differentiated and specialized innovation platforms [1] - Support will be provided for Chongqing Machinery Group and other enterprises to build high-level innovation platforms, with a goal of adding three new platforms to the national and city innovation platform "whitelist" by the end of 2026 [1] - The plan encourages state-owned enterprises to collaborate with universities and research institutions to form innovation alliances, aiming for a "zero breakthrough" in national high-level innovation platforms [1]

消息面上，近日，重庆市国资委印发《进一步推动市属国企科技创新能力提升工作方案》，系统部 署"七个一批"专项任务，迭代升级市属国企科技创新举措。《方案》明确，到2026年，重庆市属国企研 发经费投入增速将达8%以上；力争在智能网联新能源汽车、工业母机等重点领域突破30项以上关键核 心技术；推动市属国有工业战略性新兴产业产值占工业总产值比重提升至35%以上。同时，将滚动实施 百余个"四链"融合项目与70个左右数字化及"AI+"应用场景，以强化科技创新对产业升级的支撑作用。 《方案》规划了七个方面关键举措，其中，提升一批差异化特色化的创新平台主体能级。将支持重庆机 电集团等企业建设高能级创新平台，推动更多平台纳入国家和全市创新平台"白名单"，并鼓励市属国企 联合高校、科研院所等组建创新联合体。到2026年末，力争新增"白名单"平台3个，新创建产业创新综 合体3个，实现国家高能级创新平台"零突破"，确保全口径研发投入增速不低于8%。 重庆机电(02722)涨超4%，截至发稿，涨4%，报2.34港元，成交额835.65万港元。 ...

Group 1 - Chongqing Machinery and Electric (02722) saw a midday increase of over 9%, with a current rise of 5.43% to HKD 2.33, and a trading volume of HKD 64.63 million [1] - CITIC Securities reported that AIDC is driving strong demand for Chongqing Cummins' high-power engines, with the Q60 model capable of mass supply and an 8% increase in sales of high-power engines in the first half of the year [1] - Cummins announced a USD 68 million investment income from Chongqing Cummins in the first nine months, representing a year-on-year growth of 33.3%, with USD 23 million earned in Q3 2025, up 53.3% year-on-year [1] Group 2 - Everbright Securities International noted that AI computing heavily relies on large-scale data centers, where transformers play a crucial role in converting high-voltage electricity from the grid to usable voltage for data center equipment [1] - Chongqing Hitachi Energy, in which the company holds a 37.8% stake, is the largest high-voltage transformer manufacturing base for Hitachi Energy in China, and is expected to see accelerated profit growth due to the high demand for transformers [1]

（文章来源：每日经济新闻） 每经AI快讯，重庆机电(02722.HK)盘中一度涨超9%，截至发稿涨5.43%，报2.33港元，成交额6463.06万 港元。 ...