CHONGQING M&E Surges Over 2% Pre-Noon, Expects 30% Jump in Net Profit for First Half

Deep News

Aug 14

CHONGQING M&E (02722) shares rose over 3% during the session, and as of press time, the stock was up 2.45% at HK$2.09, with a trading volume of HK$9.3515 million.

CHONGQING M&E issued an announcement stating that the group expects net profit attributable to shareholders for the six months ending June 30, 2026, to increase by approximately 30% compared to the same period in 2025.

The announcement attributed the growth to the group's continuous improvement in lean management levels, a rise in profitability from the smart machine tool business, increased earnings from the expansion of the wind turbine blade business scale, and higher investment income from the large horsepower engine business and the ultra-high voltage power transmission and transformation business.

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