DONGFANG ELEC (01072) saw its shares rise over 5% during the morning trading session. At the time of writing, the stock was up 5.29% to HKD 39.02, with a turnover of HKD 270 million.

On April 30th, DONGFANG ELEC and a North American client held an official signing ceremony at the Dongfang Turbine Works for the export of independently developed gas turbines. The initial phase of the cooperative project involves the supply of 10 units of the 50MW G50 self-developed gas turbine.

It is reported that the company's board has approved a project to enhance the core production capacity for these self-developed gas turbines. It is expected that by early 2028, the annual production capacity for the independent G50 model will reach 20 to 30 units.

Huatai Securities analysts believe that against the current backdrop of tight global gas turbine production schedules, DONGFANG ELEC is well-positioned to benefit significantly. They are optimistic that the gradual fulfillment of future overseas orders will contribute to profit elasticity.

In February 2025, the company released a three-year shareholder return plan, clearly stating that based on the 2024 dividend payout ratio, the payout ratio for 2025-2027 will increase by at least 1 percentage point each year.