Group 1 - The core viewpoint of the article is that Dongfang Electric is making progress in the construction of fuel cell production lines in Panzhihua and the Dongfang Hydrogen Energy Industrial Park [1] - Dongfang Electric confirmed that the relevant production lines in both locations are advancing normally [1] Group 2 - Investors inquired about the status of the collaboration between Dongfang Electric and Sinopec in Jiangxi, specifically regarding the infrastructure development [1] - Dongfang Electric did not provide specific details on the number of production lines completed in Panzhihua and the Dongfang Hydrogen Energy Industrial Park [1]

格隆汇12月31日丨东方电气(600875.SH)在互动平台表示，东方电气目前未参与甘肃钍基镕盐堆项目。 ...

格隆汇12月31日丨东方电气(600875.SH)在互动平台表示，小型核电站方面，东方电气主要是设备供 应。 ...

Group 1 - The core viewpoint of the article is that Dongfang Electric (600875.SH) holds approximately one-third of the supercritical market share [1] Group 2 - The company has communicated this information through an interactive platform [1]

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, with significant increases in ownership for companies like Sanhua Intelligent Control, Lion Group, and Dongfang Electric, while companies like Chalco International, Jiahe Biotech-B, and China Merchants Hengsheng Technology saw the largest decreases in ownership [1][2]. Group 1: Increased Holdings - Sanhua Intelligent Control (02050) saw an increase of 3.22%, bringing its latest holding ratio to 22.04% [2] - Lion Group (02562) experienced a 2.85% increase, with a current holding ratio of 49.05% [2] - Dongfang Electric (01072) had a 2.61% increase, resulting in a holding ratio of 28.02% [2] - Zhejiang Shibao (01057) and Haohai Biological Technology (06826) also reported significant increases of 3.55% and 2.10%, respectively [3] Group 2: Decreased Holdings - Chalco International (02068) faced a decrease of 2.69%, with a holding ratio of 19.44% [2] - Jiahe Biotech-B (06998) saw a reduction of 1.74%, bringing its holding ratio down to 0.61% [2] - China Merchants Hengsheng Technology (03423) experienced a decrease of 1.41%, with a current holding ratio of 5.34% [2] - Other companies like Fourth Paradigm and China Metallurgical also reported declines in their holding ratios [3] Group 3: 5-Day Changes - Over the last five trading days, Lion Group (02562) had the highest increase of 3.79%, maintaining a holding ratio of 49.05% [3] - Zhejiang Shibao (01057) and Sanhua Intelligent Control (02050) also saw notable increases of 3.55% and 3.46%, respectively [3] - Conversely, Jiahe Biotech-B (06998) and Chalco International (02068) had the largest decreases of 1.74% and 1.50% [3] Group 4: 20-Day Changes - In the last 20 days, Lion Group (02562) had a substantial increase of 24.68%, with a holding ratio of 49.05% [4] - Other companies like Jihong Co. (02603) and Red Star Macalline (01528) also reported significant increases [4] - Conversely, companies like Wan Guo Gold Group and Shandong Molong saw notable decreases in their holding ratios [4]

Group 1 - The top three AH premium rates are held by Northeast Electric (00042) at 864.29%, Zhejiang Shibao (01057) at 460.57%, and Hongye Futures (03678) at 286.19% [1][2] - The bottom three AH premium rates are recorded by Ningde Times (03750) at -12.08%, China Merchants Bank (03968) at -4.45%, and Heng Rui Medicine (01276) at 1.09% [1][2] - Zhejiang Shibao (01057), Goldwind Technology (02208), and Zhaoyan New Drug (06127) have the highest deviation values at 162.73%, 44.98%, and 18.82% respectively [1][2] Group 2 - The lowest deviation values are seen in GAC Group (02238) at -23.87%, Northeast Electric (00042) at -19.61%, and Chenming Paper (01812) at -15.51% [1][2] - The top ten AH stocks by premium rate include companies like Fudan Zhangjiang (01349) at 253.76% and Andeli Juice (02218) at 230.43% [2] - The bottom ten AH stocks by premium rate include Weichai Power (02338) at 9.59% and WuXi AppTec (02359) at 10.14% [2]

证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，公司将有效利用国家 大规模设备更新政策机遇，加快重大设备更新。 ...

证券日报网讯12月29日，东方电气（600875）在互动平台回答投资者提问时表示，公司现金储备充裕， 未出现现金流短缺情况。 ...

Core Insights - The joint research team of Dongfang Electric and Academician Xie Heping has achieved a significant breakthrough in the scale-up verification of seawater desalination-free direct electrolysis hydrogen production, completing long-term operation validation of a newly developed modular system capable of producing 110 standard cubic meters per hour, with total operation time exceeding 1000 hours, marking a key step towards industrialization [1][7]. Development Timeline - In May 2023, the joint team successfully completed the world's first offshore wind power coupled seawater desalination-free direct electrolysis hydrogen production sea trial in the Fujian Xinghua Bay, achieving a production rate of 1.2 standard cubic meters per hour, and immediately began scaling up the corresponding engineering research [3][9]. - By July 2024, the team developed a prototype of the new modular system with a capacity of 10 standard cubic meters per hour, which underwent 240 hours of continuous operation testing to further validate the reliability of the core technology route [4][9]. - In September 2024, the new modular system for seawater direct hydrogen production at 110 standard cubic meters per hour was completed and achieved stable operation for the first phase over 240 hours, representing a hundredfold scale-up within 16 months [5][9]. Technological Innovations - The joint team has continuously innovated around key aspects such as efficient electrolysis, energy-free mass transfer, and module integration, gradually establishing a comprehensive independent research and development system covering "theory-technology-engineering" [5][9]. - The equipment system features a highly integrated modular design that is compact, mobile, and adaptable to various application scenarios; it also incorporates a visual monitoring system for real-time tracking and intelligent control of operational status, significantly enhancing system reliability and environmental adaptability [5][9].

Core Viewpoint - The company, Dongfang Electric (600875), has developed a comprehensive hydrogen energy solution encompassing the entire industry chain from production, storage, and utilization [1] Group 1 - Dongfang Electric has established a full industry chain solution for hydrogen energy, which includes production, storage, and utilization services [1]