The Zhitong Finance App learned that Dongfang Electric (01072) rose more than 6% in the afternoon. As of press release, it rose 4.54% to HK$16.58, with a turnover of HK$101 million.

According to the news, from October 21 to 22, local time, Dongfang Electric Group Party Secretary and Chairman Luo Qianyi led a team to visit EDF, held talks with EDF Chairman and CEO Bernard Fontana, and signed a memorandum of understanding on comprehensive strategic cooperation.

Huatai Securities said that since 2009, Dongfang Electric has taken the lead in developing heavy F class 50MW gas turbines with completely independent intellectual property rights in China. Construction of the core production capacity improvement project for autonomous combustion engines was officially started in the first half of '26. It is expected to be completed and put into operation in December 2027. After completion, the project will achieve the target of producing 30 autonomous combustion engines per year. We believe that in the current context of tight global gas turbine production schedules, Dongfang Electric is expected to fully benefit and is optimistic that future overseas orders will gradually be implemented to contribute to profit flexibility.

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