Group 1 - The green power concept in the Hong Kong stock market is experiencing significant strength, with Shanghai Electric rising nearly 14% [1] - Goldwind Technology increased by over 7%, while Dongfang Electric and Flat Glass both rose by over 5% [1] - China Power, China General Nuclear Power, and New Energy Technology saw an increase of 4% [1]

Group 1 - Shanghai Electric (02727.HK) shares rose over 8% in the Hong Kong market, with A-shares hitting the daily limit [2] - As of the report, the stock price increased by 8.18%, reaching HKD 5.16 [2] - The trading volume amounted to HKD 1.014 billion [2]

Core Viewpoint - Shanghai Electric (601727)(02727) saw its stock price increase by over 8%, reaching a peak of 5.16 HKD with a trading volume of 1.014 billion HKD, driven by positive developments in the controllable nuclear fusion sector [1] Group 1: Industry Developments - Recent favorable news in the controllable nuclear fusion sector includes a significant breakthrough in the construction of the BEST project in Hefei, Anhui, with the successful delivery and installation of the key component, the Dewar base [1] - The fusion industry is experiencing intensified activity compared to July and August, with expectations of major national and international announcements at the upcoming International Atomic Energy Fusion Energy Conference [1] - The BEST project is anticipated to initiate a second round of intensive bidding in Q4 for high-value products, including the first wall, divertor, and power supply, alongside potential advancements in other fusion devices [1] Group 2: Company Positioning - Shanghai Electric has been involved in the "artificial sun" nuclear fusion project since 2000 and has become one of the most comprehensive suppliers of core equipment for domestic nuclear fusion main systems [1] - According to Everbright Securities, the company is expected to leverage its leading position to enhance its market share in traditional business areas amid China's energy structure transformation and industrial adjustment [1] - Supported by its technological research and development advantages, the company is also poised to see new growth points in emerging sectors such as energy storage, hydrogen energy, and robotics [1]

Core Viewpoint - Shanghai Electric (02727) has seen a significant stock increase of over 8%, with its A-shares hitting the daily limit, attributed to positive developments in the controllable nuclear fusion sector [1] Group 1: Stock Performance - Shanghai Electric's stock rose by 8.18%, reaching HKD 5.16, with a trading volume of HKD 1.014 billion [1] Group 2: Industry Developments - Recent favorable news in the nuclear fusion sector includes a key breakthrough in the BEST project in Hefei, Anhui, with the successful delivery and installation of the main component, marking a new phase in the project's construction [1] - The fusion industry is experiencing increased activity compared to July and August, with expectations of significant announcements at the International Atomic Energy Fusion Energy Conference and a second round of intensive bidding for the BEST project in Q4 [1][1] - Major players entering the market and significant progress in overseas fusion projects are anticipated to drive a second wave of market activity in the fusion sector this year [1] Group 3: Company Positioning - Since 2000, Shanghai Electric has been involved in the "artificial sun" nuclear fusion project, becoming one of the leading suppliers of core equipment for nuclear fusion systems in China [1] - According to Everbright Securities, the company is expected to leverage its leading position to enhance its market share in traditional businesses while also exploring new growth areas in energy storage, hydrogen energy, and robotics, supported by its technological research and development advantages [1]

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: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 上海電氣集團股份有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02727 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | ...

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 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02727 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 2,924,482,000 | RMB | | 1 | RMB | | 2,924,482,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | -- ...

Group 1 - The electric equipment sector has shown strong performance, with Shanghai Electric rising over 7% [1] - Northeast Electric increased by 5% [1] - Harbin Electric saw an increase of over 4% [1] - Goldwind Technology and Weien Group both rose by over 3% [1] - Dongfang Electric experienced a rise of over 2% [1]

Group 1 - Hydrogen energy concept stocks in Hong Kong showed strong performance on October 3, with Shanghai Electric (02727.HK) surging by 13% and Yihuatong (02402.HK) rising over 11% [1]

Core Viewpoint - Shanghai Electric (2727.HK) experienced a significant stock price increase of over 17%, reaching HKD 5.04, marking the highest price since July 2015 due to the signing of a major photovoltaic project in Romania [1] Group 1: Project Developments - The signing ceremony for the 342 MW photovoltaic EPC project in Palau, Romania, took place on October 1, indicating a strategic collaboration in the clean energy sector [1] - This partnership represents a new phase in regional energy transition, injecting strong momentum into the clean energy market [1] - Shanghai Electric has already undertaken four photovoltaic projects in Romania, including the completed Palau Phase I (91.4 MW) and Scuoltu (56 MW) projects, with the Ovidiu (60 MW) project currently under construction [1]

Core Viewpoint - Shanghai Electric (2727.HK) experienced a significant stock price increase of over 17%, reaching HKD 5.04, marking the highest price since July 2015 due to the signing of the Palau Phase II 342 MW photovoltaic EPC project in Romania [1] Company Summary - The signing ceremony for the Palau Phase II 342 MW photovoltaic total contracting project took place on October 1, indicating a strategic collaboration in the clean energy sector [1] - This partnership is expected to inject strong momentum into regional energy transformation [1] - Shanghai Electric has already undertaken four photovoltaic projects in Romania, including the completed Palau Phase I 91.4 MW project and the 56 MW Skultu project, with the 60 MW Ovidiu project currently under construction [1] - The Palau Phase II project represents the fourth photovoltaic project established by Shanghai Electric in Romania [1]