According to a Citi research report, leading Chinese energy equipment manufacturer Dongfang Electric has announced a major breakthrough: it has successfully won an order for 20 sets of 50‑MW‑class G50 gas turbine generator units from a Canadian customer.The total contract value is approximately 4 billion RMB, with a unit price of 200 million RMB and an estimated gross profit margin as high as 40%–50%.This represents a historic breakthrough for domestic heavy‑duty gas turbines in the high‑end North American market and another milestone for Chinese energy equipment “going global”.

The G50 heavy‑duty gas turbine included in this order is a core product independently developed by Dongfang Electric. It features high efficiency, stability and operational flexibility, and is widely applicable to data centers, distributed energy systems and other diversified scenarios.Its performance indicators have reached international advanced levels, successfully breaking the long‑term monopoly of international giants such as General Electric and Siemens in the global heavy‑duty gas turbine market.The model has previously obtained EU CE certification, qualifying it for access to the world’s high‑end markets. The batch export to Canada fully demonstrates Dongfang Electric’s technological strength and international competitiveness in the gas turbine sector.

Under the delivery plan, smooth execution of the order will contribute about 2 billion RMB in incremental revenue and approximately 900 million RMB in gross profit to Dongfang Electric each year over the next two years, significantly enhancing the company’s profitability and further consolidating its market position in global energy equipment. The finalization of the 20‑unit G50 gas turbine order in Canada marks not only a strategic breakthrough in Dongfang Electric’s overseas business but also that China’s homegrown heavy‑duty gas turbines have officially entered the high‑end North American power market, which imposes extremely stringent requirements on equipment reliability and technical standards.It lays a solid foundation for domestic high‑end equipment to go global.

Currently, the global gas turbine market is entering a new round of upward cycle, with production schedules of international giants extending to 2029–2030, leading to substantial order spillover effects.Leveraging its proprietary core technologies and cost advantages, Dongfang Electric is continuously seizing overseas market opportunities to advance its goal of raising the overseas revenue share to over 30%.

Going forward, Dongfang Electric will continue to increase R&D investment, deepen its presence in high‑end energy equipment, and constantly improve product performance and service quality.Relying on the Belt and Road Initiative, the company will further expand its global market layout, promote more domestic high‑end energy equipment to the world, support the green and low‑carbon transformation of the global energy system, and achieve win‑win cooperation with partners worldwide.