Core Insights - The 2025 World Intelligent Manufacturing Conference will be held in Nanjing from November 27 to 29, marking its tenth anniversary since its inception in 2016, with a theme of "Digital Intelligence Drives New Quality Leadership" [1][2] - The conference aims to create a high-end, international platform for global intelligent manufacturing exchange and cooperation, showcasing the latest achievements in the field and discussing the integration of technological breakthroughs with industrial transformation [1][2] Group 1: Event Highlights - The conference will feature a main conference, a market-oriented exhibition, and 12 specialized activities, with participation from major companies like Dassault and JD.com, as well as 16 industry ecosystem activities [1][2] - Approximately 2000 attendees are expected, including nearly 200 important guests from domestic and international institutions, such as academicians and industry leaders [2][3] Group 2: Specialized Activities - The main conference will include the appointment ceremony for the new National Intelligent Manufacturing Committee, the release of the 2025 Intelligent Manufacturing Blue Book, and the announcement of the top ten technological advancements in intelligent manufacturing for the year [3][4] - A market-oriented exhibition will cover 55,000 square meters, featuring 452 companies from 18 countries and regions, with a focus on robotics, smart factories, industrial software, and intelligent equipment [4][5] Group 3: International Collaboration - The exhibition will introduce an international invited exhibition area for the first time, showcasing leading intelligent manufacturing technologies and solutions from global companies [5] - A series of specialized activities, including financial roadshows and technology exchanges, will be held to facilitate cooperation and win-win outcomes across the industry chain [5]

格隆汇11月21日丨根据联交所最新权益披露资料显示，2025年11月18日，东方电气(01072.HK)获The Goldman Sachs Group, Inc.在场内以每股均价20.7115港元增持好仓48.52万股，涉资约1004.92万港元。 增持后，The Goldman Sachs Group, Inc.最新持好仓数目为24,723,143股，持好仓比例由5.94%上升至 6.06%。 相关事件 东方电气(01072.HK)获The Goldman Sachs Group增持48.52万股 东方电气(01072.HK)获The Goldman Sachs Group增持49.7万股 | 服份代理: 01072 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | :建物國炭化出 東方電氣股份有限公司 - H股 | | | | | | | | | 日期(日/月/年): 21/10/2025 - 21/11/2025 | | | | | | | | | 如欲觀看披露權益通知之內容,請於「有關事件的目期」欄按下有關連結。 ...

Group 1 - The Goldman Sachs Group, Inc. increased its stake in Dongfang Electric Corporation (01072) by 485,200 shares at a price of HKD 20.7115 per share, totaling approximately HKD 10.0492 million [1] - Following the increase, Goldman Sachs' total shareholding in Dongfang Electric is approximately 24.7231 million shares, representing a holding percentage of 6.06% [1]

Core Viewpoint - Goldman Sachs has increased its stake in Dongfang Electric Corporation, acquiring 485,200 shares at a price of HKD 20.7115 per share, totaling approximately HKD 10.0492 million, resulting in a new holding of about 24.7231 million shares, representing a 6.06% ownership [1] Summary by Category Company Actions - Goldman Sachs increased its holdings in Dongfang Electric by 485,200 shares [1] - The purchase price per share was HKD 20.7115, leading to a total investment of approximately HKD 10.0492 million [1] - Following this transaction, Goldman Sachs' total shares in Dongfang Electric reached approximately 24.7231 million [1] Ownership Structure - After the increase, Goldman Sachs now holds a 6.06% stake in Dongfang Electric [1]

Core Viewpoint - Goldman Sachs has increased its stake in Dongfang Electric Corporation, acquiring 485,200 shares at a price of HKD 20.7115 per share, totaling approximately HKD 10.0492 million, resulting in a new holding of about 24.7231 million shares, representing 6.06% of the company [1] Summary by Category Company Actions - Goldman Sachs increased its holdings in Dongfang Electric by 485,200 shares [1] - The purchase price per share was HKD 20.7115, leading to a total investment of approximately HKD 10.0492 million [1] Shareholding Structure - After the acquisition, Goldman Sachs holds approximately 24.7231 million shares of Dongfang Electric [1] - The new shareholding percentage stands at 6.06% [1]

Group 1 - The Goldman Sachs Group, Inc. increased its stake in Dongfang Electric Corporation (01072) by 485,200 shares at a price of HKD 20.7115 per share, totaling approximately HKD 10.0492 million [1] - Following the increase, Goldman Sachs' total shareholding in Dongfang Electric is approximately 24.7231 million shares, representing a holding percentage of 6.06% [1]

Core Viewpoint - The announcement details the establishment of a joint venture between Dongfang Electric Wind Power Co., Ltd. and Anhui Wan Energy Trading Co., Ltd., aimed at enhancing operational capabilities in the wind power sector through strategic collaboration [2][5]. Summary by Sections 1. Investment Overview - Dongfang Electric's subsidiary, Dongfang Electric Wind Power, will hold a 49% stake in the joint venture, while Anhui Wan Energy will hold 51%. The registered capital of the joint venture is approximately 1.85683 billion yuan [2][5]. - Dongfang Electric Wind Power is contributing 100% equity of Muli Dongji New Energy Co., Ltd., valued at approximately 909.85 million yuan based on an asset appraisal report dated June 30, 2025 [2][5][9]. - Anhui Wan Energy will contribute approximately 946.98 million yuan in cash [2][5]. 2. Approval Process - The investment was approved during the 15th meeting of the 11th Board of Directors on November 19, 2025, with unanimous support (7 votes in favor) [6][21]. 3. Joint Venture Details - The joint venture will not be classified as a related party transaction or a major asset restructuring [3][6]. - After the investment, Muli Dongji will no longer be included in Dongfang Electric's consolidated financial statements [4][16]. 4. Strategic Implications - The partnership aims to respond to national "dual carbon" strategies, optimize state capital layout, and enhance resource sharing and risk management [16]. - The investment aligns with the company's operational status and long-term development goals, ensuring no harm to the interests of all shareholders, particularly minority shareholders [16].

Group 1 - The core point of the news is that The Goldman Sachs Group, Inc. has increased its stake in Dongfang Electric Corporation (stock code: 01072.HK) by purchasing 497,000 shares at an average price of HKD 22.4239 per share, totaling approximately HKD 11.145 million [1] - Following this transaction, Goldman Sachs' total holdings in Dongfang Electric have risen to 20,731,927 shares, increasing its ownership percentage from 4.96% to 5.08% [1][2]

Core Viewpoint - The article highlights the rapid development of the hydrogen energy industry in Sichuan, particularly through the establishment of a comprehensive hydrogen energy industrial park that integrates the entire hydrogen energy supply chain, from production to application [2] Industry Development - Sichuan is accelerating the high-quality development of the hydrogen energy industry, establishing a solid foundation for large-scale industrial growth [2] - The hydrogen energy industrial park, covering less than 90 acres, integrates hydrogen production, storage, transportation, and application [2] - The park's hydrogen production facility can produce 1,200 kilograms of hydrogen daily, significantly reducing transportation costs by 8-10 yuan per kilogram [2] Technological Advancements - The development of membrane electrode technology, crucial for hydrogen fuel cells, began in 2010, with significant advancements made since then [2] - The fuel cell power output has increased from 45 kilowatts in 2018 to 270 kilowatts today, showcasing improvements in production capacity and efficiency [2] Government Support - The government has created a favorable environment for the hydrogen energy industry, providing substantial policy support, such as waiving highway tolls for hydrogen vehicles [2] - The establishment of the first vehicle-mounted hydrogen bottle testing line in Sichuan reflects the province's commitment to ensuring safety and quality in hydrogen energy applications [2] Future Applications - The company is exploring commercial applications of hydrogen vehicles in various sectors, including fresh cold chain logistics and heavy-duty transportation [2] - The first "hydrogen-oxygen thermal power" travel station in the country has been launched in Ganzi Prefecture, indicating the expansion of hydrogen energy applications beyond transportation [2]

Group 1 - The board of directors of Dongfang Electric Corporation held its 15th meeting of the 11th session on November 19, 2025, with all 7 directors present, and the meeting was deemed legally valid [2][4] - The board approved a proposal for Dongfang Wind Power to invest in a joint venture by contributing 100% equity of Muli Dongji New Energy Co., Ltd., with an investment amount of 909.8468 million yuan, representing a 49% stake in the new company [3][10] - The board also approved a proposal for Dongfang International to transfer 19.4289% of its equity in Dongfang Electric Group Power Engineering Design Co., Ltd. to the company at no cost, with a value of approximately 65.1964 million yuan based on an audit report dated March 31, 2025 [5][6] Group 2 - The joint venture, named Muli Wandong New Energy Co., Ltd., will be established with a registered capital of 1.85683 billion yuan, where Dongfang Wind Power holds 49% and Anhui Wanan Energy Trading Co., Ltd. holds 51% [10][12] - The investment is aimed at enhancing the operational capabilities of wind farms and responding to policy changes, with the joint venture expected to promote resource sharing and risk management [12][23] - The investment does not constitute a related party transaction or a major asset restructuring, and it falls within the board's approval authority without needing shareholder approval [13][24]