Dongfang Electric (01072) announced interim results, net profit of 2,713 billion yuan, a year-on-year increase of 42.07%, maintaining the first position in the gas and electricity market share

According to the Zhitong Finance App, Dongfang Electric (01072) announced interim results for the six months ended June 30, 2026. The Group achieved total operating revenue of RMB 38.624 billion, an increase of 1.24% over the same period of the previous year; the Group achieved net profit attributable to shareholders of the parent company of RMB 2,713 billion, an increase of 42.07% over the same period last year; and the Group achieved earnings per share of RMB 0.78 yuan.

In the first half of 2026, the company adhered to the general tone of steady progress, fully and accurately implemented the new development concept, better served the national development strategy, continued to enhance core functions, improve core competitiveness, focus on improving quality and efficiency, promote innovation and management, and seek to develop strong party building, comprehensively achieve the expected goals, and promote a good start to the “15th Five-Year Plan” with practical results.

In terms of industrial development. From January to June 2026, the company's new efficiency orders were RMB 69.88 billion, up 6.71% year on year. Energy equipment manufacturing accounted for 69.46%, manufacturing services accounted for 20.71%, and emerging industries accounted for 9.82%. The quantity and quality of “one core” has risen sharply. The winning bid price of coal and electricity units and the gross margin of hydropower tenders increased year-on-year. The share of the gas and electricity market remains number one. The domestic market share of wind power entered the top four, and foreign countries achieved “technology license+product order” dual output. “Two Wings” made multiple breakthroughs. In the manufacturing service sector, the power plant service Xiaolangdi renovation order set a record for the scale of hydropower transformation, obtained the first pure imported 600 megawatt “W” boiler transformation project, and achieved a breakthrough in integrated zero-carbon park business with integrated energy. In the emerging industry sector, electrolyzed water hydrogen production equipment received large-scale application orders, molten salt heat storage system equipment integration business obtained the first order, steam boosters and natural gas compressors achieved breakthroughs in domestic and foreign overseas markets respectively, and independent BMS and EMS systems successfully received market-based application orders. Production capacity layout optimization and improvement. Construction of the core production capacity improvement project for autonomous combustion engines has officially started, and the first blade at the world's highest altitude Golmud wind turbine blade manufacturing base went offline.

In terms of scientific and technological innovation. Strong research on key core technologies. Firmly promote the development of major hydropower engineering equipment, and the Zara 500 MW impact unit completed ball valve testing, stator hoisting, and rotor processing. The G50 autonomous combustion engine completed the first round of optimization design, with a cumulative operation of more than 15,000 hours. The innovation platform was built in an orderly manner. It was approved to build the Tibet Gaoyuan Green Power Equipment and Intelligent Operation and Maintenance Key Laboratory and the Fujian Marine Energy Engineering Research Center, and the Group's intelligent development platform was put into use. Collaborative innovation promotes effective promotion. Four new central enterprise advanced power equipment innovation consortium tasks were added, and a next-generation coal power pilot program was formed in cooperation with the Huairou Laboratory. The Tsinghua Joint Innovation Research Institute established the first batch of cooperative projects to support Deyang City being selected as a city for the transformation of emerging technologies in the national manufacturing industry. Innovative results are constantly emerging. Unit 1 of the world's first 630℃ national power demonstration project was officially put into operation, the first “Hualong 1” nuclear power unit in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Sanjiao region was put into operation, the first domestic 550 megawatt F class combustion engine project was put into operation at full capacity, the first self-developed domestic new energy grid-connected stabilizer was officially put into operation, and the pilot test of megawatt-class natural gas with ammonia and coal-fueled hydrogen combustion technology was successful. The two smart manufacturing system solutions “Unveiled” passed the first batch of inspections by the Ministry of Industry and Information Technology. “The entire chain of collaborative equipment for high-end energy components has passed the first batch of inspections of the Ministry of Industry and Information Technology. “Smart Body Applications” Selected as a 2025 Labor Force by the Ministry of Industry and Information Technology Typical examples of smart applications.