Core Viewpoint - Dongfang Electric (600875) is responding to policy changes and market competition by forming a joint venture with Anhui Energy, aiming to enhance its wind farm operational capabilities and mitigate investment risks through strategic collaboration [1] Group 1: Joint Venture Formation - Dongfang Electric's subsidiary, Dongfang Wind Power, will invest in a joint venture by contributing 100% equity of Muli Dongji, valued at approximately 90,984.68 million yuan, while Anhui Energy will contribute 94,698.3405 million yuan in cash [1] - The joint venture will have a registered capital of 185,683.0205 million yuan, with Dongfang Wind Power holding 49% and Anhui Energy holding 51% [1] Group 2: Strategic Objectives - The partnership aims to align with the national "dual carbon" strategy, optimize state capital layout, and promote professional integration and resource complementarity [1] - The transaction is expected to enhance the quality of development for Dongfang Wind Power and is projected to increase the company's total profit in 2025, subject to audit results [1]

格隆汇11月19日丨东方电气(01072.HK)发布公告，董事会会议审议通过东方风电以木垒东吉新能源有限 公司100%股权作价参股投资成立合资公司的议案。公司控股子公司东方电气风电股份有限公司（简称 东方风电）以木垒东吉新能源有限公司100%股权作价参股投资成立合资公司已经董事会战略发展委员 会审议通过并同意提交董事会审议。董事会同意东方风电以木垒东吉新能源有限公司100%股权作价参 股投资成立合资公司，投资金额90,984.68万元（实际金额以经备案的资产评估结果为准），东方风电持 股49%。 ...

格隆汇11月19日丨东方电气(01072.HK)发布公告，董事会会议审议通过东方国际向公司无偿划转东方设 计部分股权的议案，公司全资子公司东方电气集团国际合作有限公司（简称东方国际）向公司无偿划转 东方电气集团电力工程设计有限公司（简称东方设计）部分股权已经董事会战略发展委员会审议通过并 同意提交董事会审议。董事会同意东方国际向公司无偿划转东方设计19.4289%股权，以东方设计划转 基准日的审计报告为基础确认无偿划转国有产权价值（折约6519.64万元），划转基准日为2025年3月31 日。 ...

格隆汇11月19日丨东方电气(01072.HK)发布公告，董事会会议审议通过东方风电以木垒东吉新能源有限 公司100%股权作价参股投资成立合资公司的议案。公司控股子公司东方电气风电股份有限公司（简称 东方风电）以木垒东吉新能源有限公司100%股权作价参股投资成立合资公司已经董事会战略发展委员 会审议通过并同意提交董事会审议。董事会同意东方风电以木垒东吉新能源有限公司100%股权作价参 股投资成立合资公司，投资金额90,984.68万元（实际金额以经备案的资产评估结果为准），东方风电持 股49%。 ...

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。 海外監管公告 關 於 子公司對外投資的公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列東方電氣股份有限公司在上海證券交易所網站(www.sse.com.cn) 刊登之《東方電氣股份有限公司 關 於 子公司對外投資的公告》，僅供參閱。 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 2025年11月19日 於 本 公 告 刊 發 日 期，本 公 司 董 事 如 下： 獨 立 非 執 行 董 事： 黃 峰、曾 道 榮 及 陳 宇 非 執 行 董 事： 羅 乾 宜（董 事 長）及 張 少 峰 董 事： 張彥軍及孫國君 证券代码：600875 股票简称：东方电气 编号：2025-056 东方电气股份有限公司 关于子公司对外投资的公告 本公司董事会及全体董事保证本公告内容不存在任何虚 ...

Core Viewpoint - Dongfang Electric announced the establishment of a joint venture with Waneng Energy, leveraging the 100% equity stake of Muli Dongji New Energy Co., Ltd. to enhance resource sharing and risk management in the wind energy sector [1] Group 1: Joint Venture Details - The joint venture, named Muli Wandong New Energy Co., Ltd., will be co-established by Dongfang Electric Wind Power Co., Ltd. and Waneng Energy, with Dongfang Electric holding 49% and Waneng Energy holding 51% [1] - The registered capital of the joint venture is approximately 1.85683 billion yuan, with Dongfang Electric contributing the 100% equity stake of Muli Dongji valued at approximately 909.85 million yuan based on an asset evaluation report [1] Group 2: Project Objectives - The joint venture aims to advance the 1 million kilowatt technology innovation experimental wind farm project in Muli, promoting resource complementarity and shared risk [1] - The partnership is expected to enhance the strategic positioning of both companies in the renewable energy market [1]

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。 海外監管公告 董事會十一屆十五次會議決議公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列東方電氣股份有限公司在上海證券交易所網站(www.sse.com.cn) 刊登之《東方電氣股份有限公司 董事會十一屆十五次會議決議公告》，僅 供 參 閱。 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 2025年11月19日 於 本 公 告 刊 發 日 期，本 公 司 董 事 如 下： 非 執 行 董 事： 羅 乾 宜（董 事 長）及 張 少 峰 董 事： 張彥軍及孫國君 獨 立 非 執 行 董 事： 黃 峰、曾 道 榮 及 陳 宇 证券代码：600875 证券简称：东方电气 公告编号：2025-055 东方电气股份有限公司 董事会十一届十五次会议决议公告 本公司董事会及全体董事保证本 ...

Market Overview - The other power equipment sector experienced a decline of 0.91% on the trading day, with Youyou Green Energy leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - HaLu Heavy Industry (002255) saw a significant increase of 10.04%, closing at 13.92 with a trading volume of 1.48 million shares and a transaction value of 2.02 billion [1] - China Power (600482) increased by 2.11%, closing at 20.82 with a transaction value of 844 million [1] - Youyou Green Energy (301590) led the declines with a drop of 5.84%, closing at 171.88 with a transaction value of 146 million [2] Capital Flow - The other power equipment sector had a net inflow of 206 million from institutional investors, while retail investors experienced a net outflow of approximately 89.9 million [2] - Major stocks like HaLu Heavy Industry and China Power attracted significant institutional investment, while Youyou Green Energy and others saw substantial retail outflows [3]

Core Viewpoint - Dongfang Electric (600875.SH) is responding to policy changes and market competition by forming a joint venture with external strategic partners to enhance its wind farm operational capabilities and manage investment risks [1] Group 1: Joint Venture Formation - Dongfang Wind Power plans to invest in a joint venture by acquiring 100% equity of Muli Dongji, aiming to advance the 1 million kilowatt technology innovation experimental wind farm project [1] - The joint venture will be established with Waneng Energy, where Dongfang Wind Power will hold 49% and Waneng Energy will hold 51% [1]

Core Viewpoint - Dongfang Electric (600875.SH) is responding to policy changes and market competition by forming a joint venture with external strategic partners to enhance its wind farm operational capabilities and manage investment risks [1] Group 1: Joint Venture Formation - Dongfang Wind Power plans to invest in a joint venture by acquiring 100% equity of Muli Dongji, aiming to establish a partnership to advance the 1 million kilowatt technology innovation experimental wind farm project [1] - The joint venture will be established with Waneng Energy, where Dongfang Wind Power will hold a 49% stake and Waneng Energy will hold a 51% stake [1] Group 2: Strategic Objectives - The collaboration aims to achieve resource complementarity and shared risk management in the wind energy sector [1] - The initiative is part of Dongfang Electric's strategy to adapt to changing policies and enhance its market competitiveness [1]