CHONGQING M&E (02722) rose more than 18%, gaining 17.86% to HK$2.64 by the time of writing, with a turnover of HK$87.3364 million. The catalyst for the move was the recent release of fourth-quarter and full-year results by Cummins Inc. Despite continued weakness in the North American truck market, Cummins delivered robust operational performance in both the fourth quarter and for the full year. The Distribution and Power Systems segments achieved record highs in both sales and profitability for the year, driven by operational efficiency and strong demand for backup power in data centers. Cummins reported fourth-quarter 2025 revenue of $8.5 billion, a 1% increase year-over-year. Net income was $593 million, compared to $418 million in the same period of 2024. An earlier research report from Industrial Securities noted that CHONGQING M&E holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy. Chongqing Cummins primarily manufactures engines such as the QSN/NT, QSK19/K19, QSK38/K38, QSK50/K50, and QSK60 models. It is Cummins' only large-bore engine enterprise in China. Due to tight industry supply, the company is actively expanding its production capacity. Demand for high-horsepower engines used in data centers and other sectors is expected to see sustained growth in the coming years. Furthermore, the brokerage anticipates that Chongqing Hitachi Energy will benefit from synchronized demand growth in domestic and international power grids, leading to a prolonged period of favorable market conditions.