On September 2, DONGFANG ELEC fell 3.18% in regular trading, trading at HK$19.76/share, with turnover of HK$36.80 million. The stock has been under sustained pressure since the release of its half-year report on August 25.
On the earnings front, the company reported H1 net profit attributable to shareholders of RMB 2.713 billion, up 42.07% year-over-year, with Q2 standalone net profit surging 49.18%. However, revenue grew only 1.24% to RMB 38.624 billion, while operating cash flow deteriorated sharply to negative RMB 17.222 billion from negative RMB 556 million in the prior-year period. The widening gap between reported profit and cash generation has drawn significant market concern. Additionally, while the company secured RMB 69.88 billion in new orders in H1, its wind power subsidiary reported a stage-level operating loss, weighing on overall performance.
Within the Heavy Electrical Equipment sector, broad weakness prevailed. Among peers, HARBIN ELECTRIC fell 3.96%, GOLDWIND dropped 1.98%, DAJIN declined 1.76%, SH ELECTRIC lost 1.36%, and GUOXIA TECH edged down 0.06%.
(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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