Weichai Power (02338) fell nearly 5% in trading, declining 4.32% to HK$19.05 by the time of writing, with a turnover of HK$223 million. The company recently announced a manufacturing license agreement with its associate CeresPower to establish production lines for batteries and stacks targeting the stationary power generation market. These products will supply electricity for AI data centers, commercial buildings, and industrial parks. The agreement is part of Weichai's ordinary business operations and did not meet disclosure requirements.

Citi noted that if Weichai discloses strategic collaboration details with CeresPower on solid oxide fuel cell (SOFC) projects, it could significantly enhance the company's valuation and long-term earnings outlook. The bank maintained a "Neutral" rating on Weichai Power but raised its target price from HK$16.3 to HK$21.3. Additionally, Citi revised upward its sales forecasts for Weichai's large-bore engines to 12,000, 15,000, and 18,000 units for fiscal years 2025 to 2027, respectively.