Dongfang Electric "Home Service Week"

The "Home Service Week" organized by the China Association of Listed Companies recently entered the Sichuan jurisdiction.

As the first stop of this “home service week” in Sichuan, Dongfang Electric carefully prepared this event. During the interactive exchanges and visits and experience sessions, various media sites put forward many questions about the company's order status, product structure adjustment, technology upgrading, and overseas market expansion. The company’s Chairman Szef and the management team responded one by one.

Dongfang Electric is the largest power generation equipment manufacturing base in China. The output of power generation equipment has been ranked first in the world for many years. Even under severe domestic and foreign market conditions, Dongfang Electric still completed power generation equipment production of 34.735 million kilowatts last year, an increase of 6.5% compared to the same period of last year, accounting for 40% of the domestic large and medium-sized hydropower market share, 30% of the domestic thermal power market share and more than 60 % of the domestic gas turbine market share, nuclear power share also maintained the leading domestic.

Chairman Sisew said that Dongfang Electric is currently accelerating the transformation of enterprises from focusing on scale expansion to focusing on profitable growth, shifting from focusing on capacity enhancement to focusing on technological progress, and changing from manufacturing to manufacturing and service-oriented enterprises. Judging from the current situation, in 2014 the company’s product manufacturing tasks are still at a high level, which will ensure that the company’s nuclear power and gas turbine market share continue to lead; seize the opportunities for hydropower development, increase market share, and pay close attention to thermal power, wind power key markets, and focus Customers and key projects, actively promote the application of new products and new technologies in the market, and continuously increase the market share of large-capacity thermal power units; steadily expand the market share of power station services and energy conservation and environmental protection; and continuously improve the level of international operations.

Specifically, this year's hydropower demand is expected to usher in a period of high development along with the successive bidding and construction of a number of major hydropower projects such as the upper reaches of the Jinsha River power station. Dongfang Electric, as a world leader in hydropower development, will seize This opportunity is full of confidence. The company's wind power business has undergone previous adjustments and will launch high-end products this year. According to reports, last month the company has signed China's largest wind power orders for export to Europe, a total of 60 2.5 MW wind turbines, has now begun implementation, it is expected this year wind power business is expected to achieve recovery growth. In addition, the company continued to enhance its competitiveness in the global market. The export orders that were actually implemented this year accounted for about 10%-15% of the business. India, Africa, Eastern Europe and other regions have become the focus of the company's expansion.

Szewoff did not say "We still have a gap with Western companies in terms of original technology." Therefore, focusing on technological advancement and promoting the upgrading of products and technologies is an important task for Dongfang Electric. Currently, the company's R&D expenditures each year account for approximately The 3%-3.5% of last year's R & D costs about 1.2 billion -1.4 billion. The company’s project to issue convertible bonds to raise funds also includes a number of R&D capacity enhancement projects that are expected to provide the driving force for the company’s future sustainable development.

As of the end of 2013, Dongfang Electric's orders in hand reached 137 billion yuan, of which clean and efficient energy accounted for 64%, new energy accounted for 13%, hydropower and environmental protection accounted for 7%, and engineering and services accounted for 16%. In order to hand orders, exports accounted for 16%. Of the 42.0 billion new orders placed in 2013, 71% were clean and efficient, 7% were new energy, 6% were water and environmental, and 16% were engineering and services. Among these new orders, export projects reached 3.7 billion yuan, accounting for 9%. Szeve told reporters, "Dongfang Electric's orders have been received in advance a 10% deposit of the effective orders." According to the company's annual revenue of about 40 billion yuan, the static calculation of orders in hand, at least can support the company's business for three years , to become the company's future sustainable development of the most powerful protection.