On June 1, Weichai Power (02338.HK) rose 3.46% in regular trading, trading at 42.76 HKD/share, with trading volume of approximately 235 million HKD.

On the news front, JPMorgan recently raised the company's H-share target price significantly from 40 HKD to 52 HKD, maintaining an \"Overweight\" rating, noting that the company's transformation has reached measurable milestones and the market is reassessing its power transition potential. Goldman Sachs also reiterated a \"Buy\" rating with a target price of 56 HKD.

On the fundamental side, the company disclosed that Q1 data center engine sales exceeded 500 units, surging over 240% year-over-year. Meanwhile, its new energy power system business achieved Q1 revenue of 16.9 billion RMB, representing approximately 200% growth. The company is also accelerating SOFC capacity construction, targeting batch production capability within the year. Additionally, the completion of a 761 million RMB A-share buyback and subsequent share cancellation provided further support to investor sentiment.

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