DONGFANG ELEC (01072) Rises Over 5% as North American Self-Built Power Gains Traction; Company Poised to Accelerate Global Expansion via AIDC Gas Turbine Opportunity

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DONGFANG ELEC (01072) saw its shares climb more than 5%, bringing its cumulative gain for the month to over 40%. At the time of writing, the stock was up 3.37%, trading at HK$36.24, with a turnover of HK$89.35 million. A research report from China Securities (CSC) analyzed that AIDC construction has entered a period of rapid growth. It is estimated that from 2025 to 2028, the U.S. AI-driven power capacity demand will have a compound annual growth rate of approximately 55%, with cumulative demand exceeding 150GW over the next three years. This creates substantial electricity demand and opportunities for supporting equipment. Currently, North America faces prominent power shortages, making self-built power sources a major trend. Gas turbines, with their rapid response, high power adaptability, relatively low generation costs, and high reliability, have become the preferred primary power solution for AIDCs. Soochow Securities pointed out that in 2025, the company will export three G50 units to Kazakhstan. The estimated value of a single complete unit is approximately 300 million yuan, with a gross profit margin expected to exceed 30%, representing a significant improvement compared to traditional joint venture products. The institution believes that as the company further refines its industrial chain and global after-sales operation and maintenance system, it is poised to use the AIDC "gas turbine rush" as an opportunity to accelerate its global expansion, entering high-end markets such as Europe, the Middle East, and the United States, achieving both volume and profit growth in its gas turbine business.

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