CHONGQING M&E (02722) rose more than 6%, gaining 6.45% to HKD 1.98 by the time of writing, with a turnover of HKD 39.36 million. Earlier, Guoyuan International noted in a research report that the company was included in the MSCI Global Small Cap Index constituents on November 6, with the adjustment taking effect after the market close on November 24, 2025. The inclusion is expected to enhance the company's liquidity, and the firm estimates a fair valuation of 11x P/E for 2025, setting a target price of HKD 2.91 per share and maintaining a "Buy" rating. Additionally, the report highlighted that AI and the Yaxia project could drive growth in the company's transformer, engine, hydropower, and power transmission equipment businesses. From November 5 to 6, CHONGQING M&E held a new round of investor reverse roadshows. According to the company's announcement, its business segments have actively adapted to market changes, optimized internal operations, and improved lean management efficiency this year. Based on unaudited financial statements and operational performance from January to October 2025, the company is expected to maintain steady growth by year-end, with both revenue and total profit projected to achieve solid year-on-year growth, largely meeting annual targets.