DONGFANG ELEC (01072) rose over 4%. As of the time of writing, the stock was up 4.57%, trading at HKD 26.56, with a turnover of HKD 72.2653 million. On the news front, a Huaxi Securities research report pointed out that driven by the rapid global development of AI Data Centers (AIDC) and sustained growth in power grid construction investment, demand for power equipment is entering a prosperous cycle. The report suggests that companies possessing high-quality channel resources, leading technical capabilities, and actively expanding related production capacity are poised to benefit significantly. It maintains a positive outlook on companies with overseas operations, particularly those expected to achieve breakthroughs abroad and command high gross margins on international business, highlighting key segments such as transformers & SST, gas turbines, AI power supplies, and the energy storage industry chain. It is understood that DONGFANG ELEC's gas turbine business adopts a dual-track strategy of "technology accumulation through joint ventures + breakthroughs in self-developed products," having established a complete product matrix ranging from 15MW to 500MW. The company's overseas business is growing rapidly, with its G50 model achieving a "zero breakthrough" in 2025 by exporting a complete F-class heavy-duty gas turbine unit, solidifying its position as a core leader in China's gas turbine sector. The company continues to make breakthroughs in emerging markets such as the Middle East and Central Asia, securing a key project in the Middle East in 2025.