On August 28, DONGFANG ELEC fell 3.14% in regular trading, trading at 20.32 HKD/share, with turnover of 52.67 million HKD. The decline came as the market digested the company's H1 report disclosed on August 25, shifting focus from headline profit growth to deteriorating cash flow quality and wind power business weakness.
While the company reported attributable net profit of 2.713 billion yuan, up 42.07% year-over-year, its operating cash flow net amount plunged to -17.222 billion yuan from -556 million yuan in the prior-year period, representing a dramatic deterioration. Revenue grew only 1.24% to 38.624 billion yuan, signaling insufficient top-line momentum. Additionally, the wind power subsidiary recorded a periodic loss, weighing on overall results. The company's debt ratio stood at 70.18%.
Within the Heavy Electrical Equipment sector, peers declined broadly. GOLDWIND fell 1.76%, HARBIN ELECTRIC fell 1.60%, SH ELECTRIC fell 1.02%, and DAJIN fell 0.45%, reflecting sector-wide pressure.
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