Hong Kong Stock Market Movement | Power Equipment Stocks Lead Gains, CSP Manufacturers Build Their Own Power Supplies, AI Data Centers Prefer Gas Turbines for Power Supply

LootboxPhobia · 2026-03-05T04:45:02+00:00

Power equipment stocks performed strongly, with Dongfang Electric rising nearly 10%. Meanwhile, the seven major tech giants will sign electricity fee commitments, and AI electricity consumption has become a national policy agenda. Dongwu Securities is optimistic about Chinese companies' opportunities in U.S. power infrastructure development and recommends related companies such as Dongfang Electric.

LootboxPhobia

2026-03-05 04:45:02

Abstract generation in progress

Tongtong Finance APP learned that power equipment stocks led the gains. As of the time of writing, Dongfang Electric (0172) rose 9.94% to HKD 41.8; Shanghai Electric (02727) increased 8.47% to HKD 4.61; Weichai Power (02338) gained 7.11% to HKD 32.24; Harbin Electric (01133) rose 6.53% to HKD 27.4.

On the news front, on March 4th, seven major tech giants—Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI—will gather at the White House to officially sign the “Electricity Payment Protectors Commitment” announced by Trump in the State of the Union address. This marks the issue of AI electricity consumption rising from industry internal technical concerns to a national policy agenda.

Dongwu Securities released a research report stating that the explosion of AI computing power has widened the gap in US electricity supply, leading to a surge in power demand. CSP manufacturers are building their own power sources, primarily using gas turbines, followed by solar storage. Chinese companies will benefit from the high prosperity of US power infrastructure construction. The key recommended core targets for gas turbines are Dongfang Electric, and attention should also be paid to Hailianxun, Harbin Electric, and Shanghai Electric.

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