CHONGQING M&E (02722) surged more than 11% during the morning trading session, reaching a high of HK$3.41 and setting a new historical peak. At the time of writing, the stock was up 11.15%, trading at HK$3.39, with a turnover of HK$74.2515 million.

A research report previously released by Industrial Securities noted that Chongqing Hitachi Energy is one of Hitachi's primary production bases for extra-high voltage transformers above 750KV globally, benefiting from the construction of high-voltage power grids overseas. Additionally, Chongqing Cummins is Cummins China's sole producer of large-bore engines. Due to tight supply in the industry, the company is actively expanding its production capacity. Demand for high-horsepower engines used in data centers and other sectors is expected to continue growing in the coming years.