Dongfang Electric's stock soared 5.06% during intraday trading on Wednesday, continuing its recovery momentum.

The surge follows the company's recent signing of a formal export contract with a North American customer for 10 units of its self-developed 50MW G50 heavy-duty gas turbines, marking the first phase of their cooperation. Analysts at Huatai Securities believe that amid tight global gas turbine production scheduling, Dongfang Electric is well-positioned to fully benefit from overseas order fulfillment, which should contribute to profit elasticity.

Additionally, the company has secured approximately 140 billion yuan in orders, with first-quarter contract liabilities growing 13.5% year-over-year, indicating a robust order backlog that supports future revenue visibility.