On May 27, Weichai Power (02338.HK) rose 3.23% in regular trading, trading at 42.7 HKD/share, with trading volume of approximately 118 million HKD. The rally was driven by multiple catalysts disclosed during recent institutional research sessions.

The company revealed that Q1 data center engine sales exceeded 500 units, surging over 240% year-over-year. Its new energy power system business posted Q1 revenue of 16.9 billion yuan, representing approximately 200% growth. Additionally, Weichai is accelerating SOFC (Solid Oxide Fuel Cell) capacity construction, targeting batch production capability within the year. Goldman Sachs reiterated a Buy rating with an H-share target price of 56 HKD, while JPMorgan highlighted the market is re-rating the company for its power transition potential. The completion of a 761 million yuan A-share buyback program and subsequent share cancellation further reinforced market confidence.

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