HK Stock Market Move | Active performance of power equipment stocks, GEV's gas turbine orders hit a new high, and the overseas power shortage trend is expected to continue.

The performance of power equipment stocks is active. As of the time of writing, Dongfang Electric Corporation (01072) rose by 5.82% to HK$23.28; HARBIN ELECTRIC (01133) rose by 5.31% to HK$17.44; Shanghai Electric Group (02727) rose by 2.27% to HK$3.34; Weichai Power (02338) rose by 2.26% to HK$33.54. In terms of news, GE Vernova's second-quarter revenue increased by 22% year-on-year to USD 11 billion, with order sizes reaching a record high of USD 24.2 billion. The order size for gas turbines reached a new high, with the company holding orders for a total of 116GW of gas turbines by the end of the second quarter. According to the company's performance guidance, the company has completed the capacity ramp-up from 17GW to 20GW, and is expected to further increase capacity to 24GW by 2028. In addition, the company plans to increase capacity to 30GW by 2030 through lean production and equipment investment. Furthermore, Yantai Jereh Oilfield Services Group disclosed last night that they have signed another large order for gas turbine power generation units in North America, with a total size of nearly billions of RMB, once again confirming the prosperity of the gas turbine industry. Huatai believes that the global data center will continue to drive the overseas power shortage trend. Orient previously stated that multiple breakthroughs have been made in domestic gas turbine orders, and it is expected that companies in the gas turbine and gas turbine power generation industry chain will accelerate their overseas expansion.