HK Stock Market Move | Dongfang Electric Corporation (01072) rose more than 8% in early trading, overseas demand surged, and domestic gas turbines have at least a 5-year window of opportunity.

Dongfang Electric Corporation (01072) rose more than 8% in early trading. As of the time of writing, it increased by 5.21% to 41.18 Hong Kong dollars, with a turnover of 3.8 billion Hong Kong dollars. On the news front, Fang Yu, director of the National Key Laboratory for Clean and Efficient Turbine Power Equipment of Dongfang Electric Corporation Group's Dongfang Steam Turbine Co., Ltd., said that the overseas demand for computing power and electricity is growing explosively. He believes that to seize this opportunity, domestic gas turbines still have a time window of at least 5 years. This requires leveraging the strength of the entire Chinese industry chain and closely cooperating with the main engine manufacturers. Western pointed out that the company's annual orders will continue to grow in 2025, with new effective orders reaching 117.251 billion yuan, a year-on-year increase of 15.93%. The new effective contracts in the international market exceeded 14 billion yuan, covering million-kilowatt nuclear power units, 50MW heavy-duty gas turbines, and pumped storage units. With a sufficient backlog of orders and continued deepening of international business, the company will benefit from the global wave of electricity demand release.