Dongfang Electric reports strong half-year growth, strategic investments

Dongfang Electric Corporation Limited reported a 14.03% increase in total operating revenue to RMB 38.15 bn and a 12.91% rise in net profit attributable to shareholders to RMB 1.91 bn for the first half of 2025. The company's total assets grew by 10.11% to RMB 156.37 bn. Key initiatives included a 16.78% increase in new effective orders, reaching RMB 65.485 bn, with clean and efficient energy equipment accounting for 37.59% and renewable energy equipment for 30.82%. The company approved a cash dividend of RMB 4.03 per 10 shares for 2024, representing 46.76% of net profit.

The company also disclosed that it had completed the issuance of 272,878,203 A-shares to specific investors, raising RMB 4,123,189,647.33. Of this, RMB 66,130.72 m was used to replace self-raised funds for investment projects, including digital workshop upgrades and manufacturing capacity enhancements for steam turbines, gas turbines, and hydro storage. Additionally, a share repurchase of 17,334 restricted shares was completed due to an incentive recipient's departure. The company maintained a strong financial position, with a capital adequacy ratio of 13.32% and a liquidity ratio of 51.23% as of June 30, 2025, both above regulatory requirements.