Zhi Tong Cai Jing·2026-02-09 03:34Group 1 - Weichai Power (02338) saw a stock increase of over 5%, specifically 5.31%, reaching HKD 28.18, with a trading volume of HKD 151 million [1][2] - Citigroup released a report maintaining a positive outlook on the stable growth of China's heavy-duty truck (HDT) demand through 2026, based on dealer surveys and industry feedback, including insights from China National Heavy Duty Truck Group [2] - The report suggests that Weichai Power may strategically shift resources from the mechanical sector to energy supply business due to strong demand for solid oxide fuel cells (SOFC) and artificial intelligence data centers (AIDC), supporting long-term growth [2] Group 2 - Citigroup identified large engines, data centers, and energy supply as core growth areas for Weichai Power [2] - The sales forecast for large engines has been revised upward for 2025-2027 to 13,500 units, 16,875 units, and 20,250 units respectively, with data center engine sales projected at 1,350 units, 2,835 units, and 5,103 units [2] - The gross margin expectation for data center engines has been raised to an average of 36.5%, while the gross margin for non-data center large engines has been adjusted to 32% [2]