Zhi Tong Cai Jing·2025-12-12 02:49Core Viewpoint - The power equipment sector is experiencing a strong upward trend, driven by increasing electricity demand from large data center constructions and favorable market conditions for gas turbines [1] Group 1: Company Performance - Harbin Electric (01133) saw a rise of 7.58%, trading at 15.33 HKD [1] - Dongfang Electric (600875) increased by 6.39%, reaching 23.32 HKD [1] - Shanghai Electric (601727) rose by 4.71%, priced at 4.22 HKD [1] Group 2: Market Insights - GE Vernova's CEO Scott Strazik announced expectations to sign contracts for 80 GW of combined cycle gas turbines by year-end, indicating strong demand [1] - The company's gas turbine capacity is sold out until 2028, with only 10% remaining for 2029 [1] - Nvidia plans to host a private summit to address power issues in data centers, which may hinder AI development [1] Group 3: Industry Outlook - Huaxi Securities highlighted that the rapid development of AI and changes in overseas energy policies are driving high demand for gas turbines globally [1] - Domestic companies with advanced gas turbine technology are expected to benefit from this overseas demand surge, with ongoing order fulfillment anticipated for Harbin Electric, Shanghai Electric, and Dongfang Electric [1] - UBS expressed optimism about China's electricity market, predicting an 8% growth in electricity demand from 2028 to 2030, double previous forecasts [1]