China's Chongqing Machinery jumps on robust 2024 profit outlook

Chongqing Machinery & Electric Co

12/03/2025 02:10

** 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))