Movement Alert|Weichai Power Rises 3.23% in Regular Trading, Q1 Data Center Engine Sales Surge 240% as SOFC Capacity Ramp Accelerates

Market Focus
May 27

On May 27, Weichai Power (02338.HK) rose 3.23% in regular trading, trading at 42.7 HKD/share, with trading volume of approximately 118 million HKD. The rally was driven by multiple catalysts disclosed during recent institutional research sessions.

The company revealed that Q1 data center engine sales exceeded 500 units, surging over 240% year-over-year. Its new energy power system business posted Q1 revenue of 16.9 billion yuan, representing approximately 200% growth. Additionally, Weichai is accelerating SOFC (Solid Oxide Fuel Cell) capacity construction, targeting batch production capability within the year. Goldman Sachs reiterated a Buy rating with an H-share target price of 56 HKD, while JPMorgan highlighted the market is re-rating the company for its power transition potential. The completion of a 761 million yuan A-share buyback program and subsequent share cancellation further reinforced market confidence.

(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.)

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