Dongfang Electric forecasts strong Q1 earnings growth

Dongfang Electric Corp (SSE:600875) projects a robust start to 2025, with expected revenue ranging from CNY15.8 billion to CNY16.6 billion, representing a 5% to 10% increase compared to the same period last year. The company anticipates profit growth exceeding revenue gains, estimating total profit between CNY1.37 billion and CNY1.48 billion, a 20% to 30% surge year-over-year. Net profit is forecast to be between CNY1.13 billion and CNY1.23 billion, marking a 15% to 25% increase. The company attributes this strong performance to a healthy order backlog, increased efficiency through intelligent upgrades and digital transformation, and enhanced cost control measures. Investors are cautioned that these figures are preliminary estimates and subject to change pending the release of the official Q1 report.