东方电气（600875）(01072)发布公告，配售事项已于2025年9月24完成。合共6800万股配售股份(相当于 已发行H股总数的约16.67%，及经配发及发行配售股份扩大后之已发行股份总数的约1.97%)已按每股配 售股份15.92港元的配售价成功配售予不少于6名承配人。 ...

智通财经APP讯，东方电气(01072)发布公告，配售事项已于2025年9月24完成。合共6800万股配售股份 (相当于已发行H股总数的约16.67%，及经配发及发行配售股份扩大后之已发行股份总数的约1.97%)已 按每股配售股份15.92港元的配售价成功配售予不少于6名承配人。 ...

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 ...

Core Viewpoint - Accelerating the construction of a new power system is an effective measure to achieve the "dual carbon" goals, with the "14th Five-Year Plan" period being crucial for breakthroughs in this area [2][5]. Group 1: New Power System Development - The National Energy Administration emphasizes the need to focus on high-quality development in the power industry, coordinating various aspects such as sources, networks, loads, and storage [2][5]. - Key recommendations include promoting clean energy sources, digitalization of the grid, flexible load management, and diversified energy storage to enhance the system's ability to accommodate renewable energy [2][3]. Group 2: Energy Security and Supply System - The new power system is seen as a strategic choice for ensuring energy security and is essential for planning a new energy system [5]. - The share of renewable energy in total installed capacity has surpassed 60%, with wind and solar power installations reaching 1.68 billion kilowatts, exceeding thermal power for the first time [7]. Group 3: Role of State-Owned Enterprises - State-owned enterprises are the main force in the development of renewable energy, with their combined wind and solar capacity nearing 55% of the national total [10]. - The State Grid Corporation plans to invest an average of 677 billion yuan annually during the "14th Five-Year Plan" period, reflecting a commitment to enhancing energy supply security [10]. Group 4: Technological Innovation - Technological innovation is crucial for constructing the new power system, with a focus on advanced materials, high-end equipment, and digital operations [11]. - The need for independent innovation is emphasized, with calls for collaboration between industry, academia, and research to tackle key technologies [11].

Group 1: Investment and Development Plans - The State Grid has invested an average of 574 billion yuan annually over the past five years, with expected investment reaching 677 billion yuan by 2025 [5] - The "14th Five-Year Plan" period is identified as a critical five years for the construction of a new power system [1] - The National Energy Administration has outlined a plan for the "14th Five-Year Plan" focusing on high-quality development in the power industry [1][2] Group 2: Renewable Energy and System Structure - As of July 2023, renewable energy installed capacity has surpassed 2 billion kilowatts, accounting for approximately 60% of total installed capacity, with wind and solar power exceeding thermal power for the first time [4] - The new power system is expected to play a central role in the new energy system, promoting the clean and efficient use of various energy types [2] - The energy structure is continuously optimizing, with significant achievements in the construction of a resilient power infrastructure [3][4] Group 3: Technological Innovation and Challenges - Technological innovation is deemed crucial for constructing the new power system, with a focus on advanced materials, high-end equipment, and digital operations [6] - The need for independent innovation in the power industry is emphasized, with a call for collaboration between academia and industry to tackle key technologies [6] - The current market environment poses challenges for investment in renewable energy projects, necessitating a comprehensive approach to ensure sustainable development [6]

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 report highlights the growth in electricity generation in Sichuan Province, with a total generation of 332.9 billion kWh in April 2025, representing a year-on-year increase of 4.6% [1] - From January to April 2025, the total electricity generation reached 1,390.8 billion kWh, showing a year-on-year growth of 4.1% [1] Generation Breakdown - In the first four months of 2025, thermal power generation was 364.7 billion kWh, accounting for 26.2% of total generation, which is a decrease of 2.1% year-on-year [1] - Hydropower generation was 911.3 billion kWh, making up 65.5% of total generation, with an increase of 8.4% year-on-year [1] - Wind power generation was 78.1 billion kWh, representing 5.6% of total generation, showing a decline of 16.1% year-on-year [1] - Solar power generation reached 36.7 billion kWh, accounting for 2.6% of total generation, with a significant increase of 27.5% year-on-year [1] Industry Context - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, which specializes in industry research and consulting services [2] - The report covers large-scale industrial enterprises with annual main business revenues of 20 million yuan or more, ensuring comparability of data across years [2]