en.Wedoany.com Reported - On May 6, Weichai Power's A-shares hit the daily limit up, closing at 34.32 yuan, with its total market value surpassing 300 billion yuan. The company is transforming from a traditional heavy-duty truck engine enterprise into a core power solution provider for data centers, with the commercialization of its AI energy and power business accelerating, driving a reshaping of its valuation system.

In the first quarter of 2026, the company achieved revenue of 62.563 billion yuan, a year-on-year increase of 8.87%; net profit attributable to the parent company was 3.085 billion yuan, a year-on-year increase of 13.83%. The engine business remained steady, while sales of power and energy products reached 30,000 units, a year-on-year increase of 21%. The AI data center power business experienced explosive growth, with sales of 1,400 units in 2025, a year-on-year increase of 259%; in the first quarter of 2026, sales exceeded 500 units, a year-on-year increase of over 240%. The company has completed a full power range layout from 1250kWe to 5000kWe, covering top computing power operators in North America, Europe, and domestically. Meanwhile, revenue from new energy powertrain systems reached 1.69 billion yuan, a year-on-year increase of approximately 200%.

A-share and H-share prices remain inverted, with H-shares trading at a 13.87% premium over A-shares, indicating international capital's recognition of its growth logic. Goldman Sachs maintains a "Buy" rating, with an A-share target price of 48 yuan and an H-share target of 56 Hong Kong dollars; J.P. Morgan raised its target price to 49 yuan and 52 Hong Kong dollars. Weichai Power's valuation re-rating reflects the market's recognition of the prospects for its AI energy and power business.

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