Core Viewpoint - Chongqing Machinery and Electric (02722.HK) stock price reached a new high of 2.85 HKD on February 12, 2026, closing at 2.78 HKD, with a daily increase of 4.51% driven by strong performance in revenue and profit growth [1] Business Performance - In 2025, the group reported a revenue increase of 10.15% year-on-year, with total profit rising by 10.88%. Operating profit, reflecting core profitability, surged by 161.28%. All business segments, including high-end equipment, transportation equipment, and electronic information, achieved double-digit growth, with the electronic information segment seeing a revenue increase of 135.4% [1] - The asset quality improved, with the return on equity rising to 4.12% and labor productivity reaching 267,300 CNY per person [1] Institutional Insights - Industrial insights indicate that Chongqing Cummins, in which the company holds a stake, benefits from the growing demand for backup power in data centers. Additionally, Chongqing Hitachi Energy is experiencing strong orders due to overseas high-voltage grid construction and investments in distributed grids driven by AI computing power [2] - In the first half of 2025, Chongqing Hitachi Energy contributed an investment return to the machinery and electric sector that increased by 156.6%, while Chongqing Cummins saw steady sales growth [2] Business Developments - The group revitalized assets worth 1.757 billion CNY through the "three attacks and one revitalization" reform and turned around loss-making enterprises like Sagumi Company. In terms of technological innovation, 84 new invention patents were authorized in 2025, and the development of 60 new platform-level products, including the fourth-generation nuclear power lead-bismuth main pump, was advanced [3] - Subsidiaries like Xiji Company are expanding into new fields such as low-altitude economy and emergency command, with significant contributions from innovative business orders [3] Funding Trends - The company was included in the MSCI Global Small Cap Index in November 2025, which is expected to enhance funding attention. Additionally, policy support for new productive forces and green transformation provides external backing for the company's initiatives in clean energy and intelligent manufacturing [4]

Core Viewpoint - Chongqing Machinery and Electric Co., Ltd. (02722) saw a nearly 6% increase in early trading, currently up 4.51% at HKD 2.78, with a trading volume of HKD 21.8864 million [1] Group 1: Company Performance - Cummins Inc. reported strong operational performance for Q4 and the full year despite a sluggish North American truck market, achieving record sales and profitability driven by its distribution and power systems divisions [1] - For Q4 2025, Cummins expects revenue of USD 8.5 billion, a 1% increase year-over-year, with net profit projected at USD 593 million compared to USD 418 million in the same period of 2024 [1] Group 2: Investment Insights - Industrial Securities highlighted Chongqing Machinery as a leading equipment manufacturing enterprise under Chongqing State-owned Assets, with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth in large-bore engines and data center demand; Chongqing Hitachi Energy focuses on producing transformers rated 220kV and above, poised to benefit from overseas high-voltage grid construction [1] - Both Chongqing Cummins and Chongqing Hitachi Energy are expected to have high growth certainty in the coming years [1]

今日上午港股 1 . 津上机床中国(01651)涨近6%，再创历史新高。截至发稿，涨4.97% 。消息面上，津上机床中国近 日公布，控股股东日本津上截至2025年12月31日止9个月的财务业绩，在中国，收入为815.8亿日圆， 同比增加28.3%；分部溢利为225.34亿日圆，同比增加51.2%。 2 . 智谱(02513)涨幅扩大逾26%，截至发稿，涨25.8% 。消息面上，2月11日，智谱正式发布新一代旗 舰模型GLM-5。在Coding与Agent能力上，GLM-5取得开源SOTA表现，在真实编程场景的使用体感逼 近Claude Opus4.5，擅长复杂系统工程与长程Agent任务。 3 . 中核国际(02302)再涨超7%，截至发稿，涨6.7% 。消息面上，中核国际近期公布公告称，预期2025 年度收入将不少于24.6亿港元，毛利将不少于2.6亿港元，较2024年同期实现稳步提升。公司收入增长 的核心动力明确来自铀贸易业务交易量的提升。 4. 天域半导体(02658)盘中涨近8%，截至发稿，涨5.18% 。消息面上，近日，天域半导体宣布与韩国 第三代半导体领军企业EYEQ Lab Inc.正式签署战略 ...

Group 1 - Chongqing Machinery and Electric (02722) saw a nearly 6% increase in stock price, currently up 4.51% at HKD 2.78, with a trading volume of HKD 34.35 million [1] - Cummins reported strong operational performance for Q4 and the full year, despite a weak North American truck market, with record sales and profitability driven by its distribution and power systems divisions [1] - Cummins' Q4 revenue is projected to be USD 8.5 billion, a 1% increase year-over-year, with net profit expected to reach USD 593 million, compared to USD 418 million in the same period of 2024 [1] Group 2 - Industrial Securities highlighted Chongqing Machinery and Electric as a leading equipment manufacturing enterprise under Chongqing State-owned Assets, with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids, indicating strong growth potential for both subsidiaries in the coming years [1]

Group 1 - Chongqing Machinery and Electric (02722) saw a nearly 6% increase in early trading, currently up 4.51% at HKD 2.78, with a transaction volume of HKD 21.8864 million [1] - Cummins reported strong operational performance in Q4 and for the full year, despite a weak North American truck market, with record sales and profitability driven by its distribution and power systems divisions [1] - Cummins' Q4 revenue for 2025 is projected to be USD 8.5 billion, a 1% increase year-over-year, with net profit expected to reach USD 593 million compared to USD 418 million in the same period of 2024 [1] Group 2 - Industrial Securities highlighted Chongqing Machinery and Electric as a leading equipment manufacturing enterprise under Chongqing State-owned Assets, with stakes in Chongqing Cummins and Chongqing Hitachi Energy [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, benefiting from the growth of large-bore engines and data centers [1] - Chongqing Hitachi Energy primarily produces transformers rated at 220kV and above, benefiting from the construction of overseas high-voltage power grids, indicating strong growth potential for both subsidiaries in the coming years [1]

Core Viewpoint - Chongqing Mechanical and Electrical (02722) saw a significant stock price increase, rising over 18% during trading, with a current price of 2.64 HKD and a trading volume of 101 million HKD. [1][4] Group 1: Company Performance - Cummins Inc. reported strong operational performance for Q4 and the full year, despite a weak North American truck market. The distribution and power systems divisions achieved record sales and profitability due to operational efficiency and strong demand for data center backup power. [1][4] - For Q4 2025, Cummins expects revenue of 8.5 billion USD, a 1% increase year-over-year, with net profit projected at 593 million USD, compared to 418 million USD in the same period of 2024. [1][4] Group 2: Investment Insights - Industrial Securities noted that Chongqing Mechanical and Electrical holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy. Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, producing various engine models. The company is actively expanding capacity due to tight industry supply, with expectations for continued growth in high-power engines for data centers and other sectors in the coming years. [1][4] - The report anticipates that Chongqing Hitachi Energy will benefit from a resonance in domestic and international grid demand, leading to sustained prosperity over an extended period. [1][4]

Group 1 - Chongqing Machinery and Electric Co., Ltd. (02722.HK) experienced a significant stock price increase of over 18% on February 9, reaching a peak increase of 17.86% at a price of 2.64 HKD per share [2] - The trading volume for Chongqing Machinery and Electric was reported at 87.3364 million HKD [2]

Core Viewpoint - Chongqing Machinery and Electric (02722) saw a significant increase of over 18%, currently trading at 2.64 HKD with a transaction volume of 87.34 million HKD, following the strong performance of Cummins Inc. in its fourth quarter and full-year results despite a weak North American truck market [1] Group 1: Company Performance - Cummins reported a strong operational performance in Q4 and for the full year, achieving record sales and profitability driven by its distribution and power systems divisions [1] - For Q4 2025, Cummins expects revenue of 8.5 billion USD, a 1% increase year-over-year, with net profit projected at 593 million USD compared to 418 million USD in the same period of 2024 [1] Group 2: Investment Opportunities - Chongqing Machinery and Electric holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy, positioning it well for future growth [1] - Chongqing Cummins is the only large-bore engine manufacturer for Cummins in China, actively expanding capacity due to industry supply constraints, with expectations for continued growth in high-power engines for data centers and other sectors in the coming years [1] - The investment firm anticipates that Chongqing Hitachi Energy will benefit from sustained demand in domestic and international power grid requirements, leading to prolonged economic prosperity [1]

Core Viewpoint - Chongqing Machinery and Electric (02722) saw a significant increase in stock price, rising over 18% to HKD 2.64, with a trading volume of HKD 87.34 million, reflecting positive market sentiment towards the company following Cummins' strong performance in Q4 and the full year [1] Group 1: Company Performance - Cummins reported strong operational performance in Q4 and for the full year, despite a weak North American truck market, achieving record sales and profitability in its distribution and power systems divisions [1] - For Q4 2025, Cummins expects revenue of USD 8.5 billion, a 1% increase year-over-year, with net profit projected at USD 593 million, compared to USD 418 million in the same period of 2024 [1] Group 2: Investment Opportunities - Chongqing Machinery and Electric holds stakes in both Chongqing Cummins and Chongqing Hitachi Energy, positioning it well to benefit from the growth in demand for large-capacity engines and energy solutions [1] - Chongqing Cummins is the only large-bore engine manufacturer in China for Cummins, actively expanding production capacity due to industry supply constraints, with expectations for continued growth in demand for high-power engines in data centers and other sectors over the coming years [1] - The investment firm anticipates that Chongqing Hitachi Energy will benefit from the resonance of domestic and international grid demands, leading to sustained economic prosperity for an extended period [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 重慶機電股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,584,452,684 | RMB | | 1 | RMB | | 2,584,452,684 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | | | 本月底結存 | | | 2,584,452,684 | RMB | | 1 | RMB | | 2,584,452,684 | | 2. ...