Core Viewpoint - The stock of Dongfang Electric (600875) has risen over 4%, currently at 26.56 HKD, driven by a report from Huaxi Securities highlighting a favorable cycle in power equipment demand due to rapid global AIDC development and ongoing investment in grid construction [1] Group 1: Industry Outlook - The demand for power equipment is entering a prosperous cycle, supported by the rapid development of AIDC and sustained growth in grid construction investment [1] - Companies with strong channel resources, leading technology, and proactive capacity layout are expected to benefit significantly from this trend [1] Group 2: Company Performance - Dongfang Electric's gas turbine business employs a dual approach of "joint venture technology accumulation + self-developed product breakthroughs," resulting in a complete product matrix ranging from 15MW to 500MW [1] - The company is a core leader in the domestic gas turbine sector, with rapid growth in overseas business, aiming for a breakthrough in F-class heavy-duty gas turbine exports by 2025 [1] - Dongfang Electric is making significant inroads in emerging markets such as the Middle East and Central Asia, with key project contracts signed in the Middle East by 2025 [1]

Core Insights - The Guangdong Taipingling Nuclear Power Project Unit 1 and the Zhejiang San'ao Nuclear Power Project Unit 1 have received operating licenses and commenced the first nuclear fuel loading, marking their entry into the nuclear commissioning phase [1] - China Dongfang Electric Corporation has provided core equipment for these "Hualong One" units, achieving breakthroughs in domestic production [1] Group 1: Project Details - The Taipingling and San'ao nuclear power stations are located in Huizhou, Guangdong Province, and Cangnan County, Zhejiang Province, respectively, with plans to construct six 1,000 MW pressurized water reactor units at each site [1] - Dongfang Electric and its subsidiaries have achieved breakthroughs in the independent production and mass supply of several key components for the "Hualong One" nuclear island and conventional island [1] Group 2: Technological Achievements - During the development of the reactor pressure vessel and stabilizer equipment, Dongfang Heavy Machinery overcame several technical challenges, including automatic TIG welding and deformation prevention welding [1] - In the development of reactor coolant pumps, Dongfang Famatong achieved full domestic production of key components, breaking through core technologies for full-size processing of impeller flow passages [1] - In the manufacturing of nuclear control rod drive mechanisms, Dongfang Turbine conquered core technologies for high-precision part processing and dissimilar material cladding, achieving full domestic production of key components [1] - The R&D team has established a patent layout around relevant core technologies [1] Group 3: Environmental Impact - Once operational, each unit is expected to provide nearly 10 billion kWh of clean electricity annually, sufficient to meet the annual electricity needs of 1 million people [2] - The projects are expected to reduce standard coal consumption by over 3 million tons and decrease carbon dioxide emissions by 9.24 million tons, equivalent to afforesting 22,500 hectares [2]

新京报讯(记者耿子叶)1月7日，记者从大兴区"两会"上获悉，大兴区氢能企业突破260家，形成以国氢 科技、东方电气（600875）等5家龙头为引领的"5+12+N"培育体系。2025年，大兴国际氢能示范区成功 牵手国家能源集团、中石化等"国家队"，核心技术覆盖"制、储、运、加、用"全链条。 "十五五"时期，大兴区将以打造"全国领先的氢能产业引领区"为目标，持续拓展发展空间、优化产业生 态，让氢能成为大兴绿色发展的"新标识"。 作为扎根大兴区氢能产业的实践者，大兴区政协委员、美锦(北京)氢能科技有限公司董事长姚锦丽介 绍，在申报北京市制造业新型技术改造项目过程中，大兴区经信局给予了大力支持，从项目初期的政策 辅导，到评审阶段的具体指导，工作人员主动对接、深入调研，精准解读政策，把关材料，极大提升了 申报效率。 根据"十五五"规划，企业将在大兴区全力推动"三链融合"，即以自主创新筑牢"技术链"，大力攻关核心 技术，突破关键材料与装备研发制造；以场景示范拓展"应用链"，加快加氢站建设，拓宽在重卡、物 流、绿色建筑等领域的应用；以园区集聚做强"产业链"，吸引高端要素，培育领先企业。 "我们将以更大力度推动京津冀氢能产 ...

Core Insights - The article discusses the centralized procurement of wind turbine generators and associated equipment for 11 wind power projects in Huanghua City, Hebei, totaling 1950.5 MW capacity [1][8]. Group 1: Project Overview - The procurement consists of 6 bidding sections, with sections 5 and 6 being offshore wind projects [1][8]. - The bidding announcement is scheduled for October 20, 2025 [1][8]. Group 2: Bidding Results for Section 1 - Section 1 includes projects such as a 100 MW wind power project in Huanghua City and a 100 MW integrated wind and fire project in Bohai New Area [4][12]. - The top bidders for Section 1 are: - First: SANY Heavy Energy Co., Ltd. with a bid of 470.88 million yuan - Second: Yunda Energy Technology Group Co., Ltd. with a bid of 494.60 million yuan - Third: CRRC Shandong Wind Power Co., Ltd. with a bid of 479.00 million yuan [4][12]. Group 3: Bidding Results for Section 2 - Section 2 includes the 100 MW wind power project in Gaoyi and a 200 MW wind power project in Nanhe [5][13]. - The top bidders for Section 2 are: - First: CRRC Shandong Wind Power Co., Ltd. with a bid of 480.00 million yuan - Second: Yunda Energy Technology Group Co., Ltd. with a bid of 480.10 million yuan - Third: Dongfang Electric Wind Power Co., Ltd. with a bid of 492.00 million yuan [6][14]. Group 4: Bidding Results for Section 3 - Section 3 includes the 137.5 MW wind power project in Wuchuan and the 100 MW wind farm project in Sanjiang [6][14]. - The top bidders for Section 3 are: - First: Dongfang Electric Wind Power Co., Ltd. with a bid of 403.375 million yuan - Second: Yunda Energy Technology Group Co., Ltd. with a bid of 434.625 million yuan - Third: CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. with a bid of 414.125 million yuan [7][15].

Market Overview - The other power equipment sector increased by 3.0% on January 7, with Yingjie Electric leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Yingjie Electric (300820) closed at 54.02, up 9.07% with a trading volume of 112,800 shares and a transaction value of 590 million [1] - Maigemit (002851) closed at 99.58, up 7.92% with a trading volume of 305,300 shares and a transaction value of 2.991 billion [1] - New Power (300593) closed at 32.89, up 5.89% with a trading volume of 641,500 shares and a transaction value of 2.038 billion [1] - Other notable stocks include Zhongheng Electric (002364) up 5.82%, Kehua Data (002335) up 5.17%, and Oulu Tong (300870) up 4.84% [1] Capital Flow - The other power equipment sector saw a net inflow of 1.157 billion in main funds, while retail investors experienced a net outflow of 972 million [2] - The main funds showed significant inflows in stocks like Kehua Data (002335) with 264 million, Maigemit (002851) with 243 million, and Shanghai Electric (601727) with 209 million [3] - Conversely, retail investors showed outflows in stocks such as Kehua Data (002335) with 224 million and Maigemit (002851) with 102 million [3]

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of high-quality development for central enterprises, focusing on innovation, value enhancement, and industry upgrades to better serve national strategies [1][2] Group 1: High-Quality Development - Central enterprises are urged to concentrate on high-quality development themes, fostering new productive forces through reform and innovation [1] - SASAC aims to enhance core functions and competitiveness of central enterprises, accelerating the establishment of world-class companies [1] Group 2: Strategic Focus Areas - Central enterprises are encouraged to seize opportunities and innovate to inject strong momentum into the economy [2] - Emphasis on improving quality and efficiency through lean management and effective investments to enhance value creation capabilities [2] - The need for industry upgrades, balancing traditional industry enhancement with the growth of emerging sectors, is highlighted [2] Group 3: Technological and Reform Initiatives - Continuous strengthening of technological innovation is essential, with increased R&D investment and optimized innovation ecosystems [2] - Deepening reform efforts to improve corporate governance structures and management systems tailored to industry characteristics is a priority [2] Group 4: Party Leadership and Governance - The importance of adhering to party leadership and strengthening party building is stressed, with a focus on strict governance and the implementation of central regulations [2]

1月5日至6日，国务院国资委党委书记、主任张玉卓赴四川深入有关中央企业科研、生产一线调研。张 玉卓深入中核集团西物院重点察看聚变能源技术攻关进展，前往航空工业成飞详细调研航空装备自主研 制情况，来到东方电气集团实地了解东方汽轮机智能制造技术及能源装备研发进展，听取企业工作汇报 和意见建议。张玉卓强调，今年是"十五五"开局之年，中央企业要抢抓机遇、锐意创新，积极为经济稳 中向好注入强劲动能。要切实狠抓提质增效，深化精益管理，以有效投资积蓄发展潜力，靠前谋划实施 一批重大项目和标志性工程，持续增强价值创造能力；加快推动产业升级，统筹推进传统产业巩固提升 和新兴动能培育壮大，推动传统产业智能化绿色化融合化转型，大力发展战略性新兴产业与未来产业， 开辟增长的"第二曲线"。（国资委） ...

Group 1 - The majority of Hong Kong power equipment stocks experienced an increase, with Northeast Electric (00042.HK) rising over 5% [1] - Shanghai Electric (02727.HK) saw an increase of over 4% [1] - Dongfang Electric (01072.HK) rose by more than 2% [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東方電氣股份有限公司 （「本公司」）(於中華人民共和國註冊成立的股份有限公司) 備註： 第 1 頁 共 11 頁 v 1.1.1 FF301 本公司並無「法定股本」。在上述第I部顯示「法定/註冊股本」的資料是指本公司的「註冊股本」。 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01072 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 408,000,000 | RMB | | 1 RMB | | 408,000,000 | | 增加 / 減少 (-) | | | 0 ...

9月29日下午，成都世纪城国际会议中心，红色成为最亮眼的主色：迎风飘扬的国旗、讲述历史的 巨幅展板、播放着暖场片的会场屏幕…… 从一个企业的视角出发，东方电气集团党组书记、董事长邹磊以企业的诞生、成长、发展壮大为 线，讲述了从"跟跑""并跑"再到"领跑"的弯道超车的故事。 从一个藏族作家的视角出发，阿来在个人成长的经历中感受到时代的幸运，清醒地认识到时代赋予 的使命和责任。 红色，象征着热烈，更寓意着赤忱。这一天，四川省庆祝中华人民共和国成立70周年座谈会举行， 来自全省各条战线、各行各业的代表齐聚一堂，回顾共和国光辉历程，畅谈巴蜀大地沧桑巨变，喜迎新 中国七十华诞。 一袭红色的彝族盛装，凉山州甘洛县扶贫开发局局长谭柏早早地赶到了会场，"要把凉山最真实的 变化和彝家儿女最真诚的祝福讲给大家听。" 15时30分，座谈会正式开始。当专题片《与共和国同行》播放结束时，现场爆发出热烈的掌声。更 多的感动与感怀在与会者心中升腾：70年的拼搏奋斗，巴蜀大地"旧貌换新颜"，生动诠释着与共和国同 行、与时代同步的辉煌与成就、忠诚与执着。 "一个人生而有幸，就是生活在这样一个伟大的时代，生活在这样一个伟大的国家。"省作协主席阿 ...