Weichai Power's stock price surged 5.01% during intraday trading on Friday, marking a significant upward movement.

The sharp rise follows the company's recent announcement of the completion of its A-share buyback program, having repurchased 50.25 million shares at a total cost of 761 million yuan, which sent a positive signal to the market. Furthermore, Shandong Province's policy to channel over 10 billion yuan in funds over three years to promote the deep integration of artificial intelligence and manufacturing has boosted market expectations for the company's positioning in the AIDC power supply segment.

The prior selling pressure, triggered by a recent analyst downgrade, appears to have been largely absorbed after three consecutive sessions of decline, contributing to the technical recovery observed in the stock.