Zhi Tong Cai Jing·2026-02-12 01:48Core Viewpoint - Dongfang Electric's stock price has seen a significant increase of approximately 65% over the past six months, driven by investor expectations of potential gas turbine sales to overseas data centers [1] Group 1: Stock Performance - Dongfang Electric's stock rose over 5%, currently up 3.71% at HKD 31.36, with a trading volume of HKD 166 million [1] Group 2: Market Expectations - Citigroup's report indicates that the likelihood of Dongfang Electric securing new orders from Southeast Asian data centers or utility customers is higher compared to American clients [1] Group 3: Pricing and Profitability - The forecasted selling price for the company's 50MW gas turbine is expected to be below RMB 100 million per unit, with a gross margin estimated between 10% and 15% [1] Group 4: Competitive Analysis - The company's pricing and gross margin are lower than those of overseas competitors due to technological gaps and a lack of economies of scale [1] Group 5: Product Development - In October 2022, the company developed China's first F-class 50MW gas turbine, achieving a turbine temperature of 1400°C and a combined cycle efficiency of 38% [1] Group 6: Production Capacity - The company plans to add a new production line this year, which will have an annual capacity of up to 10 units of the 50MW gas turbine [1]