Dongfang Electric Corporation (1072) Q3 2026 earnings summary

Executive summary

• 9M 2026 total operating income rose 1.22% YoY to RMB56.20bn; attributable net profit increased 29.40% to RMB3.84bn. Unaudited statements prepared under China Accounting Standards.

• Q3 attributable net profit increased 6.51% YoY to RMB1.13bn; operating cash flow remained negative at RMB557m.

Financial highlights

• 9M operating income was RMB55.44bn, up 1.26% YoY; total profit reached RMB4.31bn, up 15.62%.

• 9M net profit attributable to shareholders, excluding non-recurring items, rose 28.17% to RMB3.49bn; Q3 adjusted net profit increased 22.68% to RMB1.13bn.

• 9M operating profit was RMB4.30bn versus RMB3.73bn a year earlier; net profit was RMB3.75bn versus RMB3.10bn.

• Non-recurring items totaled RMB344m for 9M, versus a RMB3m net loss in Q3; 9M items included government subsidies and investment-related gains.

Segment performance

• 9M new effective orders totaled RMB93.475bn: energy equipment manufacturing 69%, manufacturing services 21%, and emerging industries 10%.

• 9M output included hydro-electric generating units of 5,726.4 MW, steam turbine generating units of 44,110.7 MW, and wind power generating units of 4,334.1 MW.

• Utility steam turbine output was 40,634.6 MW and utility boiler output was 25,960.0 MW in 9M.