China's Yinlun Gains After Its Mexican Plant Gets Large Order for Gas Generator Parts
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Shares of Yinlun Machinery rose 5.9% to CNY54.31 after securing a large contract for gas generator components from an overseas client at its Mexican factory. The order, expected to generate annual sales of USD131 million, highlights Yinlun's manufacturing strengths. The demand for gas generators is increasing due to the rise in electricity needs driven by AI computing power. Yinlun, a leading thermal management equipment manufacturer, reported revenue of CNY12.7 billion in 2024, with 26% from overseas sales.
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