Weichai Power (02338) rose more than 4% during the morning session. At the time of writing, the stock had gained 4.68%, reaching HK$31.34, with a trading turnover of HK$420 million.

Recently, Weichai Power released its investor relations activity report. Full-year revenue reached RMB 231.8 billion, a 7.5% year-on-year increase, setting a new historical high. Net profit attributable to shareholders was RMB 10.9 billion. Specifically, the company sold 104,000 power generation engines, up 15% year-on-year. Among these, sales of large-bore engines exceeded 10,000 units for the first time, growing 32% year-on-year, with revenue reaching RMB 5.81 billion, a 65% increase. Sales of data center engines totaled approximately 1,400 units, surging 259% compared to the previous year.

Notably, in January 2026, Shandong Heavy Industry Group officially launched its seventh business segment—Power Energy. This segment focuses on data center generator sets and SOFC as its core businesses, deeply covering key scenarios such as data centers, oil fields, mines, and waterway power grids, providing integrated power solutions. As the core entity of this segment, Weichai Power has established a comprehensive power energy business system covering all scenarios.