（原标题：工业机械巨兽订单排到2030年 中国燃气轮机企业迎超级红利） 拥有装备制造业"皇冠上的明珠"之称的燃气轮机，正因AI等新兴应用场景而需求爆发。 2月中旬，西门子能源发布的2026财年第一财季财报透露了一个信息：受益于大型数据中心自建电厂的需求增长，其燃气轮机业务在报告期内获得 87.5亿欧元订单，创下历史新高，至此该公司截至2025年底积压的燃气轮机订单高达600亿欧元。 在财报电话会上，西门子能源总裁兼首席执行官克里斯蒂安·布鲁赫（Christian Bruch）称："公司燃气轮机的交付时间已经排到了2029年、2030 年，且2028年的供应也会十分有限。" 公开资料显示，目前全球从事燃气轮机研究、设计、生产、销售的主要企业仅有20多家，市场份额为欧美等海外企业垄断。其中，西门子能源、 GE Vernova以及三菱重工被视作该领域的三巨头，合计占据了80%的市场份额。 2026年1月、2月，随着GE Vernova以及西门子能源的财报浮出水面，燃气轮机成为这两家公司业绩增长的主要动力。 根据GE Vernova的数据，2025年，该公司全年新签订单金额为593亿美元，同比增长34%，主要得益于电 ...

21世纪经济报道记者曹恩惠上海报道 拥有装备制造业"皇冠上的明珠"之称的燃气轮机，正因AI等新兴应用场景而需求爆发。 2月中旬，西门子能源发布的2026财年第一财季财报透露了一个信息：受益于大型数据中心自建电厂的 需求增长，其燃气轮机业务在报告期内获得87.5亿欧元订单，创下历史新高，至此该公司截至2025年底 积压的燃气轮机订单高达600亿欧元。 在财报电话会上，西门子能源总裁兼首席执行官克里斯蒂安·布鲁赫（Christian Bruch）称："公司燃气 轮机的交付时间已经排到了2029年、2030年，且2028年的供应也会十分有限。" 西门子能源的业务数据，是反映当前燃气轮机需求紧缺的一个缩影。多家燃气轮机生产商均有类似境地 ——GE Vernova今年1月份交出的财报提及，其截至2025年底的燃气轮机订单规模大幅提升至83GW； 三菱重工则因大型燃气轮机订单合同增加，而计划两年内将产能翻倍；东方电气的燃气轮机业务在分析 机构看来也有望分享全球燃气轮机供应短缺的蛋糕。 "本轮燃机需求的爆发，是AI算力驱动、能源转型补位、电网升级刚需、供给端错配与区域政策共振的 结果。"中泰证券研究所认为，燃气轮机凭借其高 ...

Core Insights - The article highlights the complexity and significance of gas turbines, describing them as the "crown jewel" of the equipment manufacturing industry, with only six countries capable of producing them: the USA, UK, Germany, Russia, Japan, and China [1][7]. Group 1: Technological Advancements - The "Taihang 110" heavy gas turbine can generate 150,000 kilowatt-hours of electricity per hour, sufficient to power 15,000 households for a day, showcasing its immense power [2]. - The CGT50 gas turbine, recently announced, is a 50-megawatt unit that has generated significant interest in military circles, with discussions about its potential use in China's 100,000-ton aircraft carriers [5][6]. - China has made substantial progress in gas turbine technology, achieving self-sufficiency in high-temperature core components by 2019 and launching the first domestically produced F-class 50-megawatt gas turbine in 2023 [8]. Group 2: Market Demand and Competition - There is a surge in demand for gas turbines due to the global rise of AI data centers, with major companies like GE, Siemens, and Mitsubishi having orders booked until 2030 [3]. - The G50 heavy gas turbine has already been exported to Kazakhstan, and the "Taihang 110" has reportedly secured international orders worth billions [9]. - Despite the dominance of GE, Siemens, and Mitsubishi in the global gas turbine market, China is rapidly gaining ground, breaking the Western monopoly that has existed for decades [9].

高层见证：强强联合奠定合作基石 签约仪式获尼日利亚国家石油公司高层高度重视，该集团董事总经理（GCEO）巴希尔·巴约·奥朱拉里 （Dr. Bashir Bayo Ojulari）出席并见证。NNPC天然气、电力与新能源执行副总裁奥拉莱坎·奥贡利耶， NNPC天然气与电力投资服务公司（NGPIS）总经理易卜拉欣·哈姆扎（Ibrahim Hamza）等能源部门负 责人一同参加仪式。 近日，中国燃气控股有限公司（以下简称"中国燃气"）执行董事、首席投资官、首席经济学家刘明兴教 授率团出访尼日利亚国家石油公司（NNPC），并与NNPC、北洋化工工程服务私人有限公司（PCCS） 在尼日利亚首都阿布贾共同签署三方战略合作框架协议。 此次签约标志着中国燃气在尼日利亚的能源投资布局迈入实质性推进阶段，既是落实中尼两国元首会晤 共识的重要举措，也与尼日利亚天然气总体规划的发展方向高度契合，为深化中非能源合作、推动尼日 利亚能源战略转型注入新动力。 聚焦三大领域：构建全链条能源合作体系 根据协议，中国燃气、NNPC、PCCS三方将整合资源、技术及产业优势，围绕三大核心领域开展合 作：在液化天然气（LNG）领域，共同推进包括火炬气 ...

Core Viewpoint - China Gas (00384) announced the sale of a 50.66% stake in Hebei Huatuo Gas Equipment Co., Ltd. to Shenzhen Yipin Hui Investment Development Co., Ltd. for RMB 52.668 million, aiming to enhance strategic synergy and business upgrades within Yipin Hui's product ecosystem [1] Group 1: Transaction Details - The transaction involves the sale of a majority stake in a company focused on gas equipment and water meter products [1] - The selling price for the stake is RMB 52.668 million [1] Group 2: Strategic Implications - The acquisition will integrate Huatuo's core business into Yipin Hui's offerings, enhancing the strategic coherence of the group's business portfolio [1] - The deal supports the development of a self-controlled "R&D - Production - Service" supply chain system [1] Group 3: Market Context - The demand for smart IoT metering devices is significantly increasing due to national policies promoting smart city construction [1] - Yipin Hui possesses mature technology and product experience in the IoT, smart home, and security sectors, which will benefit from the integration [1] Group 4: Future Product Development - The partnership aims to develop high-value new products such as leak monitoring systems, smart sockets, IoT smoke detectors, and commercial kitchen warning systems [1] - This collaboration is expected to further expand the profit margins of the target company [1]

Group 1 - The company China Gas (00384) announced the sale of a 50.66% stake in Hebei Huatuo Gas Equipment Co., Ltd. to Shenzhen Yipin Hui Investment Development Co., Ltd. for RMB 52.668 million [1] - Yipin Hui Group primarily engages in the sales and provision of kitchen home products and services, including kitchen appliances and gas safety products, aiming to enhance its product and service ecosystem by integrating the target company's core business focused on gas equipment and water meter products [1] - The transaction is expected to strengthen strategic synergy and business upgrades within Yipin Hui Group's portfolio, particularly in the context of the growing demand for smart city initiatives and the intelligent IoT meter market [1] Group 2 - The target company possesses advanced production lines, and the equity transfer will facilitate deep integration of R&D resources between both parties, driving upgrades towards intelligent, security-focused, and systematic gas meters [1] - Leveraging Yipin Hui's platforms such as "Home Helper" and "Qiwei Security," both parties plan to jointly develop high-value new products, including valve well leakage monitoring, smart sockets, IoT smoke detectors, and commercial kitchen warning systems, further expanding the target company's profit margins [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 就 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。 （於百慕達註冊成立的有限公司） （股 份 代 號：384） (1)有關股權轉讓的關連交易 及 (2)有關燃氣錶及水錶產品採購框架協議的持續關連交易 (1) 有關股權轉讓的關連交易 CHINA GAS HOLDINGS LIMITED 中國燃氣控股有限公司 * 於 二 零 二 六 年 二 月 六 日，賣 方（本 公 司 全 資 附 屬 公 司）與買方（本 公 司 非 全 資 附 屬 公 司）訂 立 股 權 轉 讓 協 議，據 此，賣 方 已 同 意 出 售，而 買 方 已 同 意 購 買 股 權，代 價 為人民幣52,668,000元（相 當 於 約58,520,000港 元）。於 完 成 後，賣 方 將 不 再 持 有 目 ...

Core Insights - The textile industry is recognized as a traditional high-energy-consuming sector, and its green transformation is essential for high-quality development [2] Group 1: Company Overview - Hai'an Qihong Textile Technology, established in 2005, is a private textile technology enterprise located in Hai'an Economic Development Zone, Nantong, Jiangsu Province [1] - The company specializes in the research and production of knitted and warp-knitted plush fabrics, with a comprehensive industrial system covering weaving, dyeing, printing, and finishing [1] - Its products are widely used in soft sofas, clothing, and home textiles, providing fabrics, services, and end solutions to global customers [1] - The company has developed high-tech products such as the patented plush fabric and high-density ultra-soft fabrics, which are well-known in the market [1] Group 2: Energy Solutions and Sustainability - The newly operational energy storage station, designed to address the long production processes and stable electricity load of the textile industry, employs a "valley electricity storage and peak electricity release" operational model [1] - This energy storage solution has significantly reduced the company's peak-to-valley electricity cost difference and has saved considerable electricity expenses, while also reducing carbon dioxide emissions by approximately 180 tons [1][3] - The project enhances the company's ability to respond to grid fluctuations, ensuring the continuous and stable operation of key production processes such as dyeing and weaving [1] - The energy storage station is a significant practice for China Gas in the textile industry's energy storage sector, providing economic, efficient, and reliable energy services tailored to the industry's needs [2][3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 第 1 頁 共 11 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 優先股A | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 68,500,000 | | 0 | | 68,500,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 68,500,000 | | 0 | | 68,500,000 | | 2. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 否 | | ...

Core Viewpoint - The global energy system is undergoing significant transformation, with energy storage becoming a crucial component in building a new power system, driven by dual forces of "dual carbon" goals and accelerated market reforms [1] Group 1: Company Initiatives - China Gas has strategically positioned itself as a "green city operator" and is actively implementing a comprehensive "source-network-load-storage" integration layout, providing practical examples for the sustainable evolution of energy storage business models [1] - The company has established a diverse project matrix in the energy storage sector, collaborating with various industries and regions, including a smart energy storage station developed with BASF, which can store a total capacity of 80 MWh, equivalent to the daily electricity consumption of approximately 10,000 households [1][2] - China Gas has successfully penetrated multiple high-energy-consuming industries, such as lithium batteries and chemicals, demonstrating the extensive application value of energy storage across different scenarios [2] Group 2: Technological and Economic Impact - The "source-network-load-storage" integrated model promoted by China Gas enhances the stability and economic efficiency of regional power grids, improving the acceptance of intermittent power sources like distributed photovoltaics and reducing voltage fluctuations [3] - The implementation of optimized energy dispatch strategies allows for balanced management of electricity loads, effectively controlling overall electricity costs and mitigating the impact of peak electricity prices [3] - The deployment of digital technologies in these projects accelerates the development of smart grids, enhancing automation and intelligence levels within the power grid [3] Group 3: Industry Perspective - Recent local policies, such as the "Sichuan Electric Power Market Settlement Rules V1.0," clarify the rules and value realization paths for energy storage participation in the electricity market, attracting more participants to the sector [4] - China Gas has established several competitive advantages to address potential revenue fluctuations, including large-scale procurement and refined design to lower initial investment and operational costs [4] - The company’s comprehensive service and safety control system covering the entire project lifecycle ensures reliable long-term operation, allowing it to maintain superior economic performance even amid market adjustments [4]