BUZZ-China's Chongqing Machinery jumps on robust 2024 profit outlook

Reuters

2025/03/12

** Chongqing Machinery & Electric 2722.HK soars ~11% to HK$1.22; set for biggest one-day pct gain since March 5

** Stock on track for third consecutive session of gains

** Chinese clean energy equipment maker expects 2024 net profit to rise 40%-45% y/y due to growth in industrial pumps and high-power engine business

** YTD, stock up ~52%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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