On September 11, DONGFANG ELEC fell 3.01% in regular trading, trading at HK$19.66/share, with turnover of approximately HK$14.71 million. This marks the second consecutive session of decline, following a 3.5% drop on September 10, as the broader Heavy Electrical Equipment sector remained under pressure.
Within the sector, HARBIN ELECTRIC fell 2.96%, SH ELECTRIC declined 1.82%, and GOLDWIND slipped 0.82%, while GUOXIA TECH bucked the trend with a 7.74% gain and DAJIN edged up 0.84%. The persistent sector-wide selling suggests continued headwinds across heavy electrical equipment names.
Notably, DONGFANG ELEC had rallied 3.19% on September 9, buoyed by strong first-half results — reporting attributable net profit of RMB 2.713 billion, up 42.07% year-over-year, with second-quarter net profit surging 49.18%. However, the subsequent two-day pullback has erased those gains, with the stock retreating from its post-earnings bounce amid thin trading volumes.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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