On June 9, Weichai Power fell 3.11% in regular trading, trading at HKD 36.16/share, with trading volume of HKD 152 million, extending its recent weakness.

On the news front, the company previously clarified on its investor relations platform that it has no gas turbine products, directly denying market speculation surrounding SpaceX procuring gas turbines to power AI data centers. This clarification triggered accelerated withdrawal of concept-driven capital. The prior week, Weichai Power's A-shares fell a cumulative 11.94%, with main capital net outflows totaling approximately RMB 1.077 billion. Southbound funds have cumulatively reduced holdings by 24.74 million shares over the past 20 trading days, indicating sustained capital-side pressure.

Notably, despite the near-term selling pressure, major institutions remain constructive on the stock's AI data center fundamentals. JPMorgan recently raised its H-share target price to HKD 52, while Goldman Sachs reiterated a Buy rating with a HKD 56 target, citing the company's power transition reaching measurable milestones and projecting AIDC power generation profit contribution to grow approximately tenfold by 2030.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)