Dongfang Electric's stock plummeted 5.09% during intraday trading, reflecting continued weakness in the heavy electrical equipment sector.

The decline is part of a persistent pullback across the sector as market capital rotates toward semiconductor and other momentum sectors, reducing attention on heavy electrical equipment names. Sector peers including Harbin Electric, Goldwind, and Shanghai Electric also declined, indicating broad-based selling pressure.

Despite the stock's recent decline, the company reported strong Q1 fundamentals with revenue growth of 5.57% year-over-year and net profit growth of 37.41% year-over-year. Analysts suggest the pullback is technical in nature amid sector-wide de-risking rather than a deterioration in fundamentals.