Xin Lang Cai Jing·2025-12-23 02:45Core Viewpoint - Dongfang Electric (01072) shows strong performance with a 4% increase in stock price, currently at HKD 24.94, supported by robust order backlog and positive financial results [1][4] Financial Performance - The company achieved a net profit attributable to shareholders of CNY 2.966 billion for the first three quarters, representing a year-on-year growth of 13.02% [1][4] - New effective orders amounted to CNY 88.583 billion, reflecting a year-on-year increase of 9.0% [1][4] Market Opportunities - There is a surge in demand for gas turbines, providing the company with opportunities for international expansion [1][4] - Chinese gas turbine manufacturers are expected to benefit from technological accumulation, cost advantages, and industrial chain synergy, indicating a strategic window for overseas markets [1][4] Product Development - The company successfully achieved an overseas breakthrough with its self-developed F-class heavy gas turbine G50, securing a core equipment order for a 50 MW combined cycle power project in Kazakhstan [1][4] - This marks the first time that domestically produced heavy gas turbines have been exported as complete units [1][4] Future Outlook - The company has a sufficient order backlog and is expected to experience a peak in deliveries in the coal and nuclear power sectors [1][4] - The international expansion of gas turbines is a key area of focus, with a "buy" investment rating recommended [1][4]