Dongfang Electric (01072.HK) saw its stock price plummet 5.02% during intraday trading on Tuesday, reflecting broader pressure on the heavy electrical equipment sector.

The decline came as the heavy electrical equipment sector resumed its downtrend following a brief technical rebound in the prior session. Multiple peers in the sector also weakened, with Harbin Electric down 3.87%, Goldwind down 2.47%, Shanghai Electric down 1.17%, and Guoxia Tech down 2.64%, indicating a broad sector drag on Dongfang Electric's performance.

Market capital continues rotating toward semiconductor and other hot sectors, with A-share main fund net outflows exceeding RMB 2.3 billion over the past 10 days, significantly reducing attention on the heavy electrical equipment space. The stock has now fallen over 20% from its May 18 intraday high, which was driven by positive news about the G50 gas turbine North America export order.