Dongfang Electric's stock price plummeted 7.87% during intraday trading on Tuesday, reflecting significant selling pressure.

The sharp decline follows the market's reaction to the company's first-quarter earnings report, which revealed that core earnings growth was weaker than headline figures suggested. While revenue rose 5.57% year-over-year and reported net profit surged 37.41%, the non-recurring adjusted net profit increased by only 11.49%, indicating that one-time gains significantly boosted the headline number. Furthermore, operating cash flow remained negative, and concerns persist regarding elevated receivables and rising interest-bearing debt.

The selling pressure was amplified by broad weakness across the heavy electrical equipment sector, with several major peers also trading lower during the session.