Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) has seen a significant stock increase of over 11%, with a cumulative rise of more than 40% in the month, driven by an expected 50% year-on-year growth in net profit for the first half of 2024 [1][1][1] Company Summary - The company anticipates a net profit attributable to shareholders to increase by approximately 50% compared to the same period in 2024, attributed to improved management practices, better performance in hydropower equipment, and increased investment returns from high-power engine and ultra-high voltage transmission and transformation businesses [1][1][1] - The stock price reached 1.93 HKD with a trading volume of 84.25 million HKD at the time of reporting [1][1][1] Industry Summary - The rapid development of AI has positioned AIDC as a crucial infrastructure for AI, with a notable increase in construction data [1][1][1] - Diesel generators remain the core backup power source for data centers, despite the advancements in AI technology [1][1][1] - Chongqing Cummins Engine Co., Ltd., a joint venture of Chongqing Machinery and Electric Co., Ltd., is the only R&D and manufacturing base for high-power engines in China, established in 1995 [1][1][1]
港股异动 | 重庆机电(02722)再涨超11% 预计中期纯利同比增长约50% AIDC柴发需求快速增长