DONGFANG ELEC (01072.HK) -0.950 (-4.535%) Short selling $23.79M; Ratio 1.309% opened up nearly 14.9% this morning and once climbed to an intraday high of HKD119.9 with a 7.04-fold surge. It last printed at HKD27, up 79.3%, with a turnover of HKD6.892 billion. HARBIN ELECTRIC (01133.HK) -0.070 (-0.902%) Short selling $5.17M; Ratio 3.040% also jumped by 26.8% to HKD7.75 today, with a turnover of HKD501 million.Last Saturday (19th), the hydropower project on the lower reaches of the Yarlung Tsangpo River officially began, according to a CICC report. With the total investment for the project reaching about RMB1.2 trillion, the broker believes that it is another major national hydropower project in China following the Three Gorges Project, and that it will provide long-term growth opportunities for manufacturers of hydropower units, GIL, and other electrical equipment.Related NewsM Stanley: Yarlung Zangbo River Hydropower Project Commences Construction; High-Voltage Transmission Equipment/ Hydropower Engineering Firms Expected to BenefitCurrently, China's largest hydropower project, the Three Gorges Project, has an installed capacity of 22.5 million kilowatts, along with a total investment of nearly RMB250 billion. Based on the investment amount and the resources of the Yarlung Tsangpo River, CICC preliminarily estimated that the installed capacity of the Yarlung Tsangpo River project could be about three times that of the Three Gorges Project.At present, China's hydropower equipment is already fully localized, with HARBIN ELECTRIC (01133.HK) -0.070 (-0.902%) Short selling $5.17M; Ratio 3.040% and DONGFANG ELEC (01072.HK) -0.950 (-4.535%) Short selling $23.79M; Ratio 1.309% being the main suppliers. Optimistic about the long-term benefits for manufacturers of hydropower units, GIL, and UHV transmission and transformation equipment, CICC preferred DONGFANG ELEC and HARBIN ELECTRIC for hydropower names.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)