Dongfang Electric Corporation (01072) released its interim results, reporting a net profit attributable to shareholders of 2.713 billion yuan, a year-on-year increase of 42.07%. Its market share in the gas-fired electricity sector remains the highest.

Dongfang Electric Corporation (01072) announced its interim results for the six months ending June 30, 2026. The group achieved total operating revenue of RMB 38.624 billion, an increase of 1.24% compared to the same period last year; the net profit attributable to shareholders of the parent company was RMB 2.713 billion, an increase of 42.07% year-on-year; and the earnings per share was RMB 0.78. In the first half of 2026, the company adhered to a general tone of seeking progress while maintaining stability, fully and accurately implementing the new development philosophy, better serving national development strategies, continuously enhancing core functions and improving core competitiveness, focusing on improving quality and increasing efficiency, promoting innovation and management, seeking development and strengthening party building, and fully achieving expected goals to promote a good start for the "14th Five-Year Plan" through practical actions and results. In terms of industrial development, from January to June 2026, the companys new orders totaled RMB 69.88 billion, a year-on-year increase of 6.71%. The energy equipment manufacturing accounted for 69.46%, manufacturing services 20.71%, and emerging industries 9.82%. "One core" improved in both quantity and quality. The bid prices for coal power units and the gross profit margins for hydropower tenders increased year-on-year. The gas power market maintained the highest market share. Domestic market share for wind power entered the top four, and abroad achieved "technology licensing + product orders" dual output. "Two wings" made multiple breakthroughs. In the manufacturing service sector, the order for the Xiaolangdi hydropower stations renovation set a record for hydropower renovation scale, and the first fully imported 600 MW "W" type boiler renovation project was obtained. The comprehensive energy sector achieved a breakthrough in zero carbon park integrated business. In the emerging industry sector, orders for electrolyzer hydrogen production equipment were obtained for large-scale applications, the first order for molten salt heat storage system equipment integration was achieved, and breakthroughs were made in domestic and foreign markets for steam booster pumps and natural gas compressors. The independently developed BMS and EMS systems successfully gained market application orders. Capacity layout optimization was enhanced. The core capacity enhancement project for self-developed gas turbines officially commenced, and the first blade of the worlds highest altitude wind turbine blade manufacturing base in Golmud rolled off the production line. In terms of technological innovation, key core technology breakthroughs were significant. Major hydropower engineering equipment development was solidly promoted, with the 500 MW Zala impact unit completing ball valve testing, stator hoisting, and runner processing. The G50 self-developed gas turbine completed its first round of optimization design, with a total operation exceeding 15,000 hours. The construction of innovation platforms was orderly. Approval was granted to establish the Tibet Gao Yuan Green Power Equipment and Intelligent Operation and Maintenance Key Laboratory and the Fujian Marine Energy Engineering Research Center; the group's intelligent body development platform was put into use. Collaborative innovation was effectively advanced. Four new tasks were added to the advanced power equipment innovation consortium of central enterprises, and cooperation with the Huairou Laboratory led to the formation of a new generation coal power pilot scheme. The first batch of cooperative projects of Tsinghua Joint Innovation Research Institute was officially established, supporting Deyang's selection as a national city for emerging technology transformation in manufacturing. Continuous emergence of innovative achievements occurred. The worlds first 630 national power demonstration project Unit 1 was officially put into operation, the first "Hualong One" nuclear power unit was put into operation and generating electricity in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, the first domestic 550 MW F-class gas turbine project achieved full capacity generation, the domestically developed first new energy grid stability equipment was officially put into operation, and successful pilot testing occurred for the co-firing technology of ammonia in natural gas and hydrogen in coal combustion. Two smart manufacturing system solution projects were recognized through the Ministry of Industry and Information Technologys first batch of acceptance, and the "full-chain collaborative smart body application of key components for high-end energy equipment" was selected as a typical case for AI applications by the Ministry of Industry and Information Technology for 2025.