Core Viewpoint - The article discusses the divergent performance of Dongfang Electric's A-shares and H-shares following a suspected "fat finger" trading incident, highlighting the impact of market sentiment and fundamental support on stock prices [1][3][4]. Group 1: Stock Performance - On July 22, Dongfang Electric's A-shares opened with a "limit up" and closed at the same level, continuing a strong upward trend [1][8]. - In contrast, the H-shares experienced volatility, initially rising over 12% before closing down 2.84% [3][4]. - The H-shares had a significant trading volume of 101 billion HKD on the day of the unusual trading, compared to less than 2 billion HKD the previous day [4][6]. Group 2: Trading Anomalies - The H-shares' price spike on July 21 was attributed to a single erroneous trade that inflated the price by over 520% [4][6]. - This incident was characterized as a "fat finger" error, where a trader likely mistyped the order price [4][6]. - The rapid price movements triggered algorithmic trading strategies, leading to further volatility as investors reacted to perceived buying signals [6][7]. Group 3: Industry Context - The commencement of the Yarlung Tsangpo River hydropower project is expected to benefit Dongfang Electric as a supplier of hydropower equipment [1][8]. - The total investment for the Yarlung Tsangpo project is approximately 1.2 trillion CNY, with potential orders for Dongfang Electric estimated between 27 billion to 54 billion CNY, representing 40% to 77% of the company's projected total revenue for 2024 [8][9]. - Despite strong overall revenue growth, the contribution from the hydropower segment remains relatively low, with projected revenue of 2.955 billion CNY in 2024, accounting for only 4.23% of total revenue [9][10].

Core Viewpoint - The stock performance of Dongfang Electric has diverged between its A-shares and H-shares, influenced by a significant trading anomaly and the commencement of a major hydropower project, which is expected to provide substantial business opportunities for the company [2][3][9]. Trading Performance - On July 22, Dongfang Electric's A-shares opened with a "limit-up" and closed at the same level, continuing a strong upward trend from the previous trading day [3][9]. - In contrast, the H-shares experienced volatility, initially rising over 12% before closing down 2.84% [4][5]. - An unusual trading event on July 21 saw the H-shares surge by 65% due to a single erroneous trade that inflated the price by over 700% [5][8]. Trading Anomaly - The spike in H-share trading volume reached 101 billion HKD, a dramatic increase from less than 2 million HKD the previous day [5][6]. - The anomalous trading was attributed to a possible "fat finger" error, where a trader mistakenly entered a high price, triggering a series of high-value trades [5][7]. - The influx of southbound capital contributed significantly, with net purchases reaching 10.85 billion HKD, accounting for 10.7% of the total trading volume [8]. Industry Context - The commencement of the Yarlung Tsangpo hydropower project is expected to benefit Dongfang Electric, as it positions the company to secure substantial orders related to the project [9]. - Analysts estimate that the project could yield new orders worth between 27 billion to 54 billion RMB, representing 40% to 77% of the company's projected total revenue for 2024 [9]. Financial Performance - Dongfang Electric reported a revenue of 16.3 billion RMB in Q1, with a year-on-year growth of 10%, and a net profit of 1.2 billion RMB, up 27% [10]. - Despite strong overall revenue growth, the contribution from the hydropower segment remains relatively low, with projected revenue of 2.96 billion RMB for 2024, accounting for only 4.23% of total revenue [10][11].