Dongfang Electric reports strong profit growth in first half of 2025

Dongfang Electric reported total operating revenue of RMB38,151 million for the first half of 2025, a 14.03% increase compared to the same period in the previous year. Net profit attributable to shareholders of the parent company rose by 12.91% to RMB1,910 million, with basic earnings per share at RMB0.60, up from RMB0.54 in the prior year. The company secured new orders totaling RMB65,485 million, an increase of 16.78% year-on-year.

The growth in revenue was primarily fueled by a 26.90% year-on-year increase in the renewable energy equipment business, attributed to higher wind turbine deliveries and expanded wind power generation. The high-efficient clean energy equipment business also saw significant growth of 19.21%. The company's gearing ratio slightly increased to 70.96% from 69.62% at the beginning of the year, which management stated remains controllable.

R&D expenses surged by 16.45% due to continuous investment, and financial expenses decreased by 100.84% year-on-year, primarily benefiting from increased exchange gains. The board has not recommended an interim dividend for the six months ended 30 June 2025.