Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) saw a nearly 6% increase in early trading, currently up 4.51% at HKD 2.78, with a trading volume of HKD 21.8864 million [1] Group 1: Company Performance - Cummins Inc. reported strong operational performance for Q4 and the full year despite a sluggish North American truck market, achieving record sales and profitability driven by 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 Insights - Industrial Securities highlighted Chongqing Machinery 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 in large-bore engines and data center demand; Chongqing Hitachi Energy focuses on producing transformers rated 220kV and above, poised to benefit from overseas high-voltage grid construction [1] - Both Chongqing Cummins and Chongqing Hitachi Energy are expected to have high growth certainty in the coming years [1]
重庆机电早盘涨近6% 旗下重庆康明斯、重庆日立能源受益于数据中心和电网建设