HK Stock Market Move | Power equipment company is leading in stock gains, CSP manufacturers prefer to use self-built power supply from gas turbine for AI data centers.

Electric equipment stocks led the gains, as of the time of writing, Dongfang Electric Corporation (0172) rose by 9.94%, at 41.8 Hong Kong dollars; Shanghai Electric Group (02727) rose by 8.47%, at 4.61 Hong Kong dollars; Weichai Power (02338) rose by 7.11%, at 32.24 Hong Kong dollars; HARBIN ELECTRIC (01133) rose by 6.53%, at 27.4 Hong Kong dollars. In terms of news, on March 4th, seven major technology giants including Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI will gather at the White House to officially sign the "Electric Fee Payer Protection Commitment" announced by Trump in the State of the Union address. This marks that the issue of AI electricity usage has escalated from industry-level technical anxiety to a national policy agenda. Soochow released a research report stating that with the explosion of AI computing power, the shortage of electricity supply in the United States is expanding, leading to a significant increase in power demand. CSP manufacturers are turning to self-built power sources, with gas turbines being the preferred choice followed by energy storage. Chinese companies will benefit from the high prosperity of power construction in the United States. The report highlights gas turbine core target Dongfang Electric Corporation and suggests keeping an eye on Hangzhou Hirisun Technology Incorporated, HARBIN ELECTRIC, Shanghai Electric Group, among others.