China Gas Turbine Orders Surge as Jerry Shares Gains 90%

Global power structure shifts and the expansion of computing infrastructure are lifting demand for gas turbines, while leading manufacturers are seeing full order books and tight capacity, according to Jiemian News. In this backdrop, Chinese gas turbine suppliers are seeing more overseas opportunities, with domestic companies landing large foreign orders and listed peers potentially benefiting in earnings and valuations. Jerry shares said its controlling subsidiary signed a gas turbine generator supply contract with an internationally known cloud service provider and received a procurement order worth $1.465 billion, or about 995 million yuan. Everbright Securities compiled China’s domestic gas turbine supply chain and included 14 A-share companies. Year to date, Jerry shares has gained more than 90%, ranking first, while Wanze Co. and Dongfang Electric have each risen more than 14%.