On June 1, Dongfang Electric rose 4.67% in regular trading, trading at 33.7 HKD/share, with trading volume of HKD 253 million.

On the news front, the stock's rebound was driven by a combination of technical recovery following a sustained pullback and robust first-quarter earnings. The company reported Q1 net profit growth of nearly 40%, with revenue of RMB 17.47 billion (up 5.57% YoY) and attributable net profit of RMB 1.585 billion (up 37.41% YoY). The stock had previously corrected over 10% from its May 18 high of HKD 41.14, creating conditions for a technical bounce.

The broader Heavy Electrical Equipment sector saw widespread gains, with Shanghai Electric up 2.88%, Goldwind Technology up 1.9%, and Harbin Electric up 1.43%. On the institutional front, 11 firms have maintained buy ratings over the past 90 days with an average target price of RMB 46.31, and UBS has reiterated its buy recommendation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)