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Dongfang Electric Corporation (1072) investor relations material
Dongfang Electric Corporation H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for H1 2026 reached RMB38,624 million, up 1.24% year-over-year; net profit attributable to shareholders rose 42.07% to RMB2,713 million.
Earnings per share increased to RMB0.78 from RMB0.60 year-over-year; new orders totaled RMB69,880 million.
No interim dividend was declared; the company remains a leading global energy equipment supplier with a diversified business model.
Financial highlights
Gross margin for energy equipment/manufacturing improved by 0.31 percentage points year-over-year; manufacturing services gross margin rose by 5.42 points, while emerging business margin fell by 7.18 points.
Domestic revenue grew 0.50% and overseas revenue increased 13.17% year-over-year.
Net cash flow from operating activities was negative at RMB1,722 million, while investing and financing activities generated positive cash flows.
Gearing ratio stood at 70.18%, down 0.21 percentage points from year-end 2025.
Outlook and guidance
The company aims to maintain focus on core energy equipment manufacturing, implement a premium-quality strategy, and achieve all annual targets for the second half of 2026.
Management expects continued prosperity in energy equipment demand, supported by China's energy transition and infrastructure growth.
- Net profit rose 37.41% year-over-year in Q1 2026, with robust new orders and improved margins.1072
Q1 2026 - Net profit surged 31.1% on robust revenue and new orders, with a focus on innovation and global growth.1072
H2 2025 - Revenue and profit rose, but operating cash flow turned negative amid strong order growth.1072
Q3 2025 - Double-digit revenue and profit growth driven by renewables and major capital raised.1072
H1 2025 - Revenue up 11.84% to RMB33.46B, net profit down 15.52%, new orders up 14.77%.1072
H1 2024 - Q3 net profit rose 2.6% year-over-year, but nine-month profit declined 9.86%.1072
Q3 2024 - Net profit surged 27% year-over-year on strong clean energy orders and revenue growth.1072
Q1 2025 - Record revenue growth offset by lower net profit amid rising costs and taxes.1072
H2 2024
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