Group 1 - The Central Commission for Discipline Inspection and National Supervisory Commission is enhancing the quality of case reviews and has established a negative list of 34 items across five areas to address existing issues [1] - A talent pool for case review has been created, consisting of 93 members, with ongoing training and practical involvement in case reviews to improve professional capabilities [1] - The emphasis on capacity building is a key task for state-owned enterprises' disciplinary inspection and supervision institutions, aiming to create a loyal and capable team [1] Group 2 - The disciplinary inspection team at the National Pipeline Network Group is adapting to new requirements by enhancing regional collaboration and conducting joint training sessions, covering over 300 disciplinary inspection cadres [2] - Training programs are designed based on problem orientation and actual needs, focusing on improving supervisory quality and investigation skills [2] - The China Datang Group's disciplinary inspection team has conducted three online training sessions, training over 2,700 participants on high-quality supervision [2] Group 3 - China CNR Corporation's disciplinary inspection team has developed a tiered training curriculum to enhance the capabilities of inspection cadres, focusing on regulations and practical enforcement [3] - Regular updates and dynamic management of training content are implemented to ensure relevance and effectiveness [3] - The China Sinochem Group's disciplinary inspection team conducts practical training exercises to improve the capabilities of inspection personnel [4] Group 4 - The China FAW Group's disciplinary inspection team is addressing issues related to investigation processes and case quality by creating a practical training system based on real cases [4] - The training includes simulations of key investigation stages and handling unexpected situations to enhance practical skills [4] - The China Dongfang Electric Corporation's disciplinary inspection team is strengthening its capabilities through mutual learning with other state-owned enterprises and inviting experts for training [4]

【东方电气成立新公司】11月13日，东方电气集团在蓉举办新一代煤电升级改造技术交流会，全面展示 在高效清洁、灵活调节与智能运行等领域的最新实践，并正式揭牌成立东方电气集团电力工程设计有限 公司。此次揭牌，标志着东方电气集团正式打造电站服务耦合综合能源产业发展平台，将为我国能源发 展转型提供更具系统性、创新性的解决方案。#能源高质量发展# ...

Core Insights - The Dadu River Hard Beam Package Hydropower Station, the largest of its kind in China, has commenced full operation, capable of supplying electricity to 2.15 million households for a year [1] - The station features a digital hydraulic cylindrical valve control system developed by Dongfang Electric Group's subsidiary, Dongfang Automatic Control Engineering Co., Ltd., ensuring safety and reliability [1][2] - Dongfang Automatic Control has a long-standing presence in the power industry, focusing on various energy solutions from inverters to energy storage systems, contributing significantly to national energy infrastructure [1][2] Innovation and Technology - Dongfang Automatic Control emphasizes independent innovation as a core driver, aiming to create a "smart brain" for national energy equipment [2][5] - The company has developed a fully domestic DCS (Distributed Control System) and a programmable general IPX control platform, achieving 100% localization from chips to operating systems [3][4] - Continuous R&D investments have led to breakthroughs in various control systems, enhancing grid stability and optimizing resource utilization in renewable energy [4][5] Strategic Development - The company is transitioning from "single-point breakthroughs" to "comprehensive autonomous mastery" in core technologies, supporting the intelligent, green, and high-end development of energy equipment [5][6] - Dongfang Automatic Control is actively responding to national strategies by advancing digitalization and intelligent upgrades across its operations, enhancing both R&D and manufacturing capabilities [5][6] - The company provides systematic solutions to various industries, facilitating the transition from traditional manufacturing to intelligent manufacturing [6] Future Outlook - Dongfang Automatic Control aims to strengthen its position as a leading enterprise in the electric control industry, focusing on high-level technological self-reliance and providing advanced products and solutions [6] - The company is committed to enhancing the autonomy and controllability of national energy equipment through solid technological breakthroughs and comprehensive solutions [6]

Investment Rating - The report maintains a "Strong Buy" rating for the company [3] Core Views - The company's Q3 performance met expectations, with a significant improvement in profitability on a quarter-over-quarter basis [7] - The company is positioned as a leading enterprise in high-end energy equipment, with strong growth potential in multiple core business areas [7] Financial Performance Summary - For the first three quarters, total revenue reached 55.52 billion yuan, a year-on-year increase of 16.03%, while net profit attributable to shareholders was 2.966 billion yuan, up 13.02% year-on-year [1] - Q3 revenue was 17.37 billion yuan, reflecting a year-on-year increase of 20.7% but a quarter-over-quarter decrease of 19.6% [7] - The gross profit margin for Q3 was 15.21%, with a year-on-year decrease of 1.42 percentage points but a quarter-over-quarter increase of 0.63 percentage points [7] Order Growth Summary - New orders for the first three quarters totaled approximately 88.6 billion yuan, a year-on-year increase of 9% [7] - Q3 new orders were about 23.1 billion yuan, showing a year-on-year decrease of 8% and a quarter-over-quarter decrease of 22% [7] - The company anticipates strong growth in orders from wind power, hydropower, and nuclear fusion sectors [7] Future Earnings Forecast - The company is expected to achieve net profits of 4.034 billion yuan and 4.784 billion yuan in 2025 and 2026, respectively [7] - The current market capitalization corresponds to a PE ratio of 20x for 2025 and 17x for 2026 [7] Key Financial Metrics - The company reported a total market value of 83.9 billion yuan and a circulating market value of 54.9 billion yuan [3] - The return on equity (ROE) is reported at 7.3% [3] - The asset-liability ratio stands at 71.3% [3]

证券日报网讯东方电气（600875）11月13日在互动平台回答投资者提问时表示，"11256"发展战略是中 国东方电气集团有限公司的发展战略。 ...

Core Viewpoint - The article highlights the achievements of Dongfang Turbine Company, a subsidiary of Dongfang Electric Group, in the energy equipment manufacturing sector, emphasizing its recognition with the nomination for the China Quality Award and its commitment to quality and innovation in alignment with national energy security and the "dual carbon" goals [1][2]. Group 1: Quality Management and Achievements - Dongfang Turbine has been recognized for its quality management model driven by "technology + management," which has contributed to its high-quality development and the advancement of China's energy equipment manufacturing industry [1][2]. - The company has launched benchmark products such as the first domestic F-class 50 MW heavy-duty gas turbine (G50) and the first 15 MW heavy-duty gas turbine (G15), breaking foreign monopolies in technology [2][3]. Group 2: Industry Leadership and Collaboration - As a leader in the Chengdu-Deyang high-end equipment manufacturing cluster, Dongfang Turbine collaborates with over 1,000 supporting enterprises to enhance industry quality through shared management experiences and digital transformation [3]. - The company has initiated quality improvement programs, training over 100 chief quality officers in the supply chain and providing quality assessments to more than 30 local enterprises [3]. Group 3: Lean Operations and Efficiency - Dongfang Turbine has implemented a "4+5+N" lean operation system to address the challenges of discrete manufacturing, resulting in a 30% reduction in manufacturing cycle times and a nearly 50% increase in efficiency for key components [4]. - The company conducts over 100 lean improvement projects annually, generating financial benefits exceeding 200 million yuan [5]. Group 4: Research and Development Innovations - The company has established a full lifecycle R&D management system, achieving a 50% reduction in design issues and a 30% decrease in R&D cycles, facilitating the transition from "manufacturing" to "creation" [7]. - Dongfang Turbine invests 900 million to 1 billion yuan annually in R&D, focusing on strategic emerging industries and aiming to overcome technological bottlenecks in high-temperature materials and aerodynamics [8]. Group 5: Digital Transformation and Quality Control - The company has built the industry's first fully connected 5G digital factory, enhancing product quality and market responsiveness through real-time monitoring and a 99% quality pass rate in key processes [9]. - Dongfang Turbine aims to become the first company in the industry to achieve dual national standard certification and has been recognized as a top-level intelligent factory by the Ministry of Industry and Information Technology [9].

出席2025年第二次臨時股東大會之回執 致：東方電氣股份有限公司（「公司」） 本人╱吾等擬（親自或委託代理人）出席 貴公司於2025年11月28日（星期五）上午九時正假座中華人民共和國（「中國」） 四川省成都市高新西區西芯大道18號公司會議室舉行之2025年第二次臨時股東大會。 日期：2025年 月 日 簽署： 附註： 1. 請用正楷書寫登記在本公司股東名冊上的中文及英文全名。 2. 請附上身份證╱護照之副本。 3. 請附上持股證明文件之副本。 4. 對「親自╱委託代理人」、「身份證╱護照號碼」兩項需作出選擇之欄目，請劃去不適用者。 5. 此回執在填妥及簽署後須於2025年11月27日（星期四）前送達公司的通訊地址－中國四川省成都市高新西區西芯大道18號致 董事會辦公室。此回執可採用來人、來函（郵遞區號：611731）或傳真（傳真號碼：86-28-87583551）方式送達公司。 姓名 （附註1） 持有的H股數目 親自╱委託代理人 （附註4） 身份證╱護照號碼 （附註2及附註4） 股東代碼 （附註3） 通訊地址 電話號碼 ...

地址為 （附註2） 2025年第二次臨時股東大會之股東代理人委任表格 本人╱吾等 （附註1） | 持有東方電氣股份有限公司（「本公司」） | （附註3） | （附註4） 股H股，為本公司的股東，現委任 | | --- | --- | --- | | 2025年第二次臨時股東大會主席或 | | （其地址為 | 為本人╱吾等之代理人，代表本人╱吾等出席2025年11月28日（星期五）上午九時正假座中華人民共和國四川省成都 市高新西區西芯大道18號本公司會議室舉行的本公司2025年第二次臨時股東大會（「臨時股東大會」），並於該會代表 本人╱吾等依照下列指示就臨時股東大會通告所列的決議案投票；如無作出指示，則本人╱吾等之代理人可酌情投票。 除文義另有所指外，本表格所用詞彙與本公司日期為2025年11月13日的通函所界定者具有相同含義。 | | 特別決議案 | 贊成 | （附註5） | 反對 | （附註5） | 棄權 | （附註5） | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 審議及批准修訂公司章程的議案 | | | | | | | | 2 | 審 ...

2025年第二次臨時股東大會通告 茲通告 東 方 電 氣 股 份 有 公 司（「本公司」）謹 訂 於2025年11月28日（星 期 五） 上午九時正假座中國四川省成都市高新西區西芯大道18號本公司會議 室舉行2025年 第 二 次 臨 時 股 東 大 會（「臨時股東大會」），藉 以 審 議 並 酌 情 批 准 下 列 決 議 案： 特別決議案 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本通告全部或任何部份內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 於 本 通 告 刊 發 日 期，本 公 司 董 事 如 下： 承董事會命 東方電氣股份有限公司 馮 勇 聯席公司秘書 中國‧四川省‧成都 獨 立 非 執 行 董 事： 黃 峰、曾 道 榮 及 陳 宇 附 註： 2025年11月13日 – 1 – 1. 審 議 及 批 准 修 訂 公 司 章 程 的 議 案。 2. 審 議 及 批 准 修 訂 股 東 會 議 事 規 則 的 議 案。 通 訊 地 址 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊 證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有東方電氣股份有限公司的股份，應立即將本通函送交買方或承 讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理人，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本通函全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 (1)建議修訂公司章程； (2)建議修訂股東會議事規則；及 釋 義 於本通函內，除文義另有所指外，下列詞彙具有以下涵義： (3)2025年第二次臨時股東大會通告 本公司謹訂於2025年11月28日（星期五）上午九時正假座中國四川省成都市高新西區西芯大道 18號本公司會議室舉行臨時股東大會。臨時股東大會的通告載於本通函第6頁至第7頁。 隨本通函附上臨時股東大會適用之股東代理人委任表格及回執，此等股東代理人委任表格及回執亦 刊載於香港聯合交易所有限公司網站(www.hkexnews.hk)及本公司網站（ ...