On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.

On the news front, Weichai Power officially responded on the investor relations platform on June 1, stating clearly that the company does not have gas turbine products. This clarification was in response to investor inquiries about whether the company had secured orders related to SpaceX's reported $2.8 billion gas turbine procurement for AI data center power supply. The market had previously included Weichai Power in the gas turbine concept speculation chain due to its data center power supply business, and the official denial accelerated the exit of concept-driven funds.

On the A-share side, the stock had already shown signs of pressure, with an 8.04% intraday swing and 2.91% turnover rate on May 29, accompanied by sustained net outflows from institutional investors. The company continues to develop its SOFC products for data center applications and hydrogen fuel cell systems, though these are distinct from gas turbine technology.

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