On May 26, Weichai Power (02338.HK) rose 4.09% in regular trading, trading at 42.5 HKD/share, with trading volume of approximately 61.77 million HKD.
On the news front, the company recently disclosed investor relations activity minutes revealing that Q1 data center engine sales exceeded 500 units, representing a year-over-year surge of over 240%. Additionally, its new energy power system business achieved Q1 revenue of 1.69 billion yuan, up approximately 200% year-over-year. The company also stated it is accelerating SOFC capacity construction with the goal of achieving batch production capacity within the year.
These developments build upon the previously completed A-share buyback program totaling 761 million yuan for 50.25 million shares, as well as Shandong Province's three-year policy directing over 10 billion yuan to promote deep integration of AI and manufacturing. Market expectations for Weichai Power's positioning in the AIDC power supply segment continue to strengthen, supported by its diversified product portfolio covering diesel, natural gas, and SOFC technologies for data center power solutions.
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