根據一般授權完成配售新H股 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公告的內 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 不對因本公告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。 本公告僅作參考用途，並不構成任何收購、購買或認購證券之要約或邀請， 亦 不 構 成 訂 立 任 何 上 述 交 易 協 議 之 邀 請，亦 無 意 招 攬 任 何 收 購、購 買 或 認 購 任 何 證 券 的 要 約。 本 公 告 不 得 直 接 或 間 接 在 或 向 美 國 境 內 派 發。本 公 告 不 構 成 亦 不 組 成 在 任 何 司 法 管 轄 區（包 括 美 國）要 約 出 售、徵 求 購 買 或 認 購 證 券 的 一 部 分， 且 於 該 等 司 法 管 轄 區 進 行 此 類 要 約 屬 違 法 行 為。本 公 告 所 述 證 券 未 曾 亦不會根據經不時修訂之美國1933年證券法或美國任何州證券法進行 登 記，且 在 未 經 登 記 或 未 獲 適 用 登 記 豁 免 資 格 的 ...

格隆汇9月24日丨根据联交所最新权益披露资料显示，2025年9月18日，东方电气(01072.HK)获Morgan Stanley在场内以每股均价16.1015港元增持好仓1197.85 万股，涉资约1.93亿港元。 增持后，Morgan Stanley最新持好仓数目为21,850,565股，持好仓比例由2.90%上升至6.42%。 | 股份代號: | 01072 | | --- | --- | | 上市法國名稱: | 東方電氣股份有限公司 - H | | 日期 (日 / 月 / 年): | 24/08/2025 - 24/09/2025 | | 家格 高品 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的 有關事件的日期相 | | | --- | --- | --- | --- | --- | --- | --- | | | 版分彩 | 11:31 23 | | 請參閱上拉* 註 | 有投票權股(日 / 月 / 年) | 薩 | | | | | | | 物量的值到 | | | CS20250923E00183 | Morgan ...

香港联交所最新资料显示，9月18日，大摩增持东方电气（600875）(01072)1197.8549万股，每股作价 16.1015港元，总金额约为1.93亿港元。增持后最新持股数目约为2185.06万股，最新持股比例为6.42%。 ...

智通财经APP获悉，香港联交所最新资料显示，9月18日，大摩增持东方电气(01072)1197.8549万股，每 股作价16.1015港元，总金额约为1.93亿港元。增持后最新持股数目约为2185.06万股，最新持股比例为 6.42%。 ...

Core Viewpoint - Dongfang Electric achieved a net profit attributable to shareholders of 1.91 billion yuan in H1 2025, representing a year-on-year increase of 12.9% [1] - The company experienced a net profit of 760 million yuan in Q2 2025, showing a year-on-year decrease of 3.8% [1] Financial Performance - Q2 2025 saw significant improvements in gross margin and expense ratio, although asset impairment, fair value changes, and income tax impacted overall performance [1] - Revenue growth was observed across major power equipment, with coal and wind power gross margins increasing year-on-year [1] Market Trends - Renewable energy equipment exhibited the fastest growth, likely due to a substantial increase in industry-wide wind power bidding and the peak of pumped storage bidding [1] - Clean and efficient energy equipment remained stable year-on-year, indicating that coal power equipment demand has not significantly declined, suggesting potential for sustained coal power demand exceeding market expectations [1] Future Outlook - The company has a robust order backlog, with expectations for a peak in coal and nuclear power deliveries in 2025, which could provide significant performance elasticity [1] - Future contributions to performance are anticipated from pumped storage business, and there is potential for improvement in wind power profit margins, maintaining a "buy" rating [1]

Core Insights - The article highlights significant changes in the stock holdings of various companies in the Hong Kong Stock Connect, with notable increases and decreases in ownership percentages [1][2]. Group 1: Companies with Increased Holdings - Yihua Tong (02402) saw the largest increase in stock holdings, rising by 14.82% to a total holding of 24.14% [2]. - Hong Kong Broadband (01310) experienced a 4.71% increase, bringing its holding to 4.99% [2]. - Dongfang Electric (01072) had a 2.17% increase, resulting in a holding of 39.16% [2]. - Other companies with notable increases include Beijing Machinery (00187) (+1.99%, 53.15%), and East Jiang Environmental Protection (00895) (+1.69%, 43.93%) [2]. Group 2: Companies with Decreased Holdings - Longpan Technology (02465) faced the largest decrease, with a drop of 3.69% to a holding of 47.77% [2]. - Shandong Molong (00568) saw a decrease of 1.44%, resulting in a holding of 53.78% [2]. - Da Zhong Public Utilities (01635) decreased by 1.39%, with a holding of 33.57% [2]. - Other companies with significant decreases include Huahong Semiconductor (01347) (-1.16%, 23.26%) and Jintian Copper (-1.10%, 24.66%) [2]. Group 3: Five-Day Changes in Holdings - Over the last five trading days, Yihua Tong (02402) had the highest increase of 14.99%, maintaining a holding of 24.14% [3]. - Tongyuan Kang Pharmaceutical-B (02410) increased by 7.60%, reaching a holding of 24.20% [3]. - Changfei Optical Fiber (06869) rose by 7.41%, with a holding of 69.80% [3]. - Companies with notable decreases include Shandong Molong (00568) (-3.89%, 53.78%) and Baiguoyuan Group (02411) (-3.55%, 9.28%) [3]. Group 4: Twenty-Day Changes in Holdings - In the last twenty days, Yihua Tong (02402) increased by 14.87%, holding at 24.14% [4]. - Changfei Optical Fiber (06869) saw a rise of 13.73%, maintaining a holding of 69.80% [4]. - Zhongyuan Marine Energy (01138) increased by 12.27%, with a holding of 68.92% [4].

东方电气集团东方锅炉股份有限公司董事会定于2025年10月10日（星期五）9:00，在四川省成都市高新 西区天朗路1号公司成都工作部召开2025年第四次股东会，具体事项通知如下： 一、会议审议事项 审议选举公司董事的议案。 截止2025年10月8日（星期三），登记在东方锅炉股东名册下的全体股东（或股东代理人）均有权出席 本次股东会。 三、会议登记、出席 1.2025年10月9日（星期四）为本次股东会登记日。欲参加本次会议的股东，请在登记日以电话或传真 方式进行会前登记，表明参会意愿。 2.已在登记日登记并前往公司参加本次会议的股东（或股东代理人），请于会前30分钟到场，出示股东 本人身份证（代理人需出示有效身份证件及所代理股东的《授权委托书》等原件资料）进行签到，经东 方锅炉董事会办公室审核确认与中国证券登记结算公司上海分公司移交的东方锅炉股东名册一致，方可 出席会议。股东授权委托书式样见附件。 四、联系方式 地 址：四川省成都市高新西区天朗路1号董事会办公室 电 话：（028）81267143 传 真：（0813）220302200 二、会议出席对象 五、其他事项 出席会议股东或股东代理人住宿及交通费自理， ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The report highlights improvements in gross margin and expense ratio, with expectations for a peak in deliveries this year [4] - The company achieved a revenue of 37.62 billion yuan in the first half of 2025, representing a year-on-year increase of 14.3%, and a net profit attributable to shareholders of 1.91 billion yuan, up 12.9% year-on-year [7] - The report anticipates significant earnings elasticity due to a peak in coal and nuclear power deliveries in 2025, supported by a robust order backlog [7] Financial Summary - The company's revenue projections for 2025-2027 are 82.43 billion yuan, 87.34 billion yuan, and 91.09 billion yuan, with year-on-year growth rates of 20.18%, 5.95%, and 4.30% respectively [6] - The net profit attributable to shareholders is forecasted to be 4.06 billion yuan, 4.73 billion yuan, and 5.44 billion yuan for 2025-2027, with growth rates of 39%, 17%, and 15% respectively [7] - The price-to-earnings (P/E) ratios for the years 2025, 2026, and 2027 are projected to be 15.79, 13.56, and 11.78 respectively [6][7]

假设所有配售股份均获悉数配售且待完成后，预计配售事项所得款项总额及所得款项净额将分别约为 10.8256亿港元及10.7484亿港元。据此，每股股份净发售价将约为15.81港元。公司拟将配售事项所得款 项净额(经扣除配售事项佣金及配售事项的其他相关成本及开支后)用作一般营运资金，其中(i)约50%配 售事项所得款项净额，或约5.3742亿港元，用于研发注资；(ii)约50%配售事项所得款项净额，或约 5.3742亿港元，用于扩展公司销售渠道。 假设于公告日期至完成日期期间已发行股份数目并无变动，配售事项下的6800万股配售股份相当于公告 日期现有已发行H股数目的约20%及现有已发行股份数目的约2.01%，以及经配发及发行配售股份扩大 后已发行H股数目的约16.67%及已发行股份数目的约1.97%。 格隆汇9月18日丨东方电气(600875.SH)公布，2025年9月17日，公司拟透过配售代理向不少于六名承配 人配售6800万股，每股配售价15.92港元，较9月17日于港交所的收市价折让约7.98%。 ...

Group 1 - The company held its 13th meeting of the 11th Board of Directors on September 17, 2025, via communication, with all 7 directors present, ensuring the legality and validity of the meeting and resolutions passed [2][3][4] - The Board approved a proposal to exercise general authorization for the placement of new H-shares on the Hong Kong Stock Exchange [3][6][19] - The placement involves issuing 68,000,000 shares, representing approximately 20% of the existing H-shares and about 2.01% of the total issued shares [7][8] Group 2 - The placement price is set at HKD 15.92 per share, reflecting a discount of approximately 7.98% compared to the last trading day's closing price of HKD 17.30 and a 6.81% discount to the average closing price over the last five trading days [8] - The expected total proceeds from the placement, assuming full subscription, are approximately HKD 1,082.56 million, with a net amount of about HKD 1,074.84 million after deducting related costs [16] - The net proceeds will be allocated equally for research and development and for expanding the company's sales channels, each receiving approximately HKD 537.42 million [16][20] Group 3 - The company is undergoing a significant transformation driven by the "dual carbon" initiative, with strong demand for renewable energy and related equipment [20] - The company has not issued any H-shares under the general authorization prior to this announcement, which was extended in previous shareholder meetings [19][21] - The placement is expected to support the company's operational activities and maintain its competitive edge in the industry [20]