Dongfang Electric reports strong Q3 results, plans governance overhaul

Dongfang Electric Corporation Limited (DEC) reported robust financial performance for the nine months ended September 30, 2025, with total operating income reaching 55,521,512,261.84 yuan, a 16.03% increase year-on-year. Net profit attributable to shareholders surged by 13.02% to 2,966,450,791.86 yuan. Total assets for the period stood at 164,561,031,620.58 yuan, marking a 15.88% increase from the end of last year.

The company also disclosed that new effective orders for the first three quarters of 2025 amounted to 88.583 bn yuan, with a significant portion attributed to high-efficiency clean energy and renewable energy equipment. Additionally, DEC completed a new H-share placement on September 24, 2025, issuing 68,000,000 new H shares and increasing its total share capital to 3,458,360,326 shares.

In a key governance development, DEC's board approved proposed amendments to its Articles of Association and the abolition of the Supervisory Committee. These changes, in accordance with revised Company Law of the People's Republic of China and other regulatory guidelines, will see the Audit and Risk Committee under the Board assume the Supervisory Committee's powers and functions. These amendments are subject to approval at an extraordinary general meeting.