Zhi Tong Cai Jing·2026-02-24 03:00Group 1 - Dongfang Electric (600875) shares rose over 5%, currently up 4.82% at HKD 35.34, with a trading volume of HKD 355 million [1] - According to Caitong Securities (601108), the global demand for gas turbines is expected to exceed 80 GW by 2025, while the actual deliverable capacity is only about 50 GW, indicating a significant supply-demand gap [1] - Major manufacturers like GE, Siemens Energy, and Mitsubishi Heavy Industries have full order books, with production schedules extending to 2029 [1] Group 2 - Bank of America Securities noted that Dongfang Electric has potential for export expansion in gas turbines [1] - The company is projected to achieve a compound annual growth rate (CAGR) of 13% in net profit from 2025 to 2027, benefiting from an increase in China's power capital expenditure cycle [1] - The confirmation of sales driven by rising average selling prices of equipment orders will support steady growth in the company's net profit [1]