[Jereh] Key Update Report: Won $1.465B Power Generation Order, Demonstrating Strong Competitiveness

English summary

# Newly signed $1.465B gas turbine generator order, delivery deadline before November 2027, expected to have positive impact on performance. The company's controlling subsidiary J&F Power Systems LLC signed a gas turbine generator supply contract with a well-known international cloud service provider, with a main contract term of 5 years; meanwhile, the company received and accepted a customer purchase order of $1.465 billion (approximately 9.95 billion RMB), with delivery in batches before November 2027. We believe the signing of this 5-year supply contract and this large order confirms the company's strong competitiveness in the generator field and is expected to positively impact performance in 2027 and future years. # Gas turbine generators: cumulative orders of approximately $2.6 billion, will become the company's main performance driver. Under strong data center construction demand, according to Siemens Energy and GE Vernova websites, major global gas turbine manufacturers' production schedules have extended to 2029-2030. ...