On August 26, DONGFANG ELEC rose 3.41% in regular trading, trading at 22.6 HKD/share, with turnover of HKD 18.25 million.
On the news front, the company disclosed its half-year results on August 25, reporting revenue of approximately RMB 38.624 billion, up 1.24% year-on-year, while net profit attributable to parent company shareholders reached RMB 2.713 billion, surging 42.07% year-on-year. Basic EPS rose to RMB 0.78 from RMB 0.60 in the prior year period. The profit surge was primarily driven by a 5.42 percentage point improvement in manufacturing services gross margin to 32.63%. Additionally, the company reported new orders of RMB 69.88 billion in H1, with energy equipment manufacturing accounting for 69.46%. Operating cash flow was negative at RMB -17.222 billion versus RMB -556 million a year earlier.
Within the Heavy Electrical Equipment sector, GOLDWIND rose 6.68%, SH ELECTRIC rose 3.58%, DAJIN rose 1.82%, HARBIN ELECTRIC rose 1.8%, and GUOXIA TECH rose 0.73%.
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