Dongfang Electric Corporation Limited logo

Dongfang Electric Corporation Limited

1072.HK

HKSEIndustrialsIndustrial - Machinery

Latest quote

HK$21.52

−HK$1.22 · -5.36%

Aug 24, 4:08 PM HKT

1072.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

A leading enterprise, Dongfang Electric Corporation Limited specializes in the design, production, and international distribution of electricity generation equipment. The company's activities are organized into five distinct divisions: Renewable Energy Equipment, Clean and Efficient Energy Equipment, Engineering and Trading, Modern Manufacturing Services, and Emerging Growth Industries. It contributes to a diverse energy mix, facilitating electricity production from sources such as wind, solar, hydro, nuclear, natural gas, and thermal power. Its significant output encompasses equipment like hydro-generating units totaling 8,101 MW, steam turbine generators amounting to 25,028 MW, wind power units at 3,370 MW, power station steam turbines reaching 23,929 MW, and power station boilers of 22,017 MW. In addition to its manufacturing, it extends engineering contracting and support services to energy providers worldwide. Established in 1993, with its headquarters in Chengdu, People's Republic of China, the firm operated as Dongfang Electric Machinery Co., Ltd. until its rebranding to Dongfang Electric Corporation Limited in October 2007. As a subsidiary, it operates under the umbrella of Dongfang Electric Corporation.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
CN
CEO
Yanjun Zhang
Listed since
Jun 6, 1994
Employees
18,753

Market position

Day range

Current HK$21.52

52-week range

Current HK$21.52

Open
HK$22.00
Previous close
HK$22.74
Volume
5.78M
0.53× average
Average volume
10.88M
Average daily volume
Market cap
74.42B HKD
Beta
0.68
Market reference 1
50-day average
HK$22.8964
-6.01% below average
200-day average
HK$29.347
-26.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
57.19B CNY
P/E (TTM)
20.34×
P/B (TTM)
1.88×
P/S (TTM)
0.98×
EV / EBITDA
9.52×
Earnings yield
5.12%
Free cash flow yield
-3.03%
Dividend yield
2.08%

Profitability & efficiency

Gross margin
17.14%
Operating margin
5.67%
Net margin
5.36%
Return on equity
8.47%
Return on assets
2.36%
Return on invested capital
6.55%

Financial health

Debt / equity
0.54×
Current ratio
0.99×
Altman Z-score
1.19
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%15%9%3%Gross margin, FY2021: 18.90%Gross margin, FY2022: 18.07%Gross margin, FY2023: 16.13%Gross margin, FY2024: 13.85%Gross margin, FY2025: 17.05%Operating margin, FY2021: 5.56%Operating margin, FY2022: 6.00%Operating margin, FY2023: 6.68%Operating margin, FY2024: 5.69%Operating margin, FY2025: 6.08%Net margin, FY2021: 4.79%Net margin, FY2022: 5.16%Net margin, FY2023: 5.96%Net margin, FY2024: 4.28%Net margin, FY2025: 4.87%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.90%. Gross margin FY2022 18.07%. Gross margin FY2023 16.13%. Gross margin FY2024 13.85%. Gross margin FY2025 17.05%. Operating margin FY2021 5.56%. Operating margin FY2022 6.00%. Operating margin FY2023 6.68%. Operating margin FY2024 5.69%. Operating margin FY2025 6.08%. Net margin FY2021 4.79%. Net margin FY2022 5.16%. Net margin FY2023 5.96%. Net margin FY2024 4.28%. Net margin FY2025 4.87%.

Income trends

Revenue

78.62B CNY+15.03%

Operating income

4.78B CNY+22.92%

Net income

3.83B CNY+31.11%
Income trends across reported periods86.25B CNY55.72B CNY25.19B CNY−5.34B CNYRevenue, FY2021: 47.82B CNYRevenue, FY2022: 55.35B CNYRevenue, FY2023: 59.57B CNYRevenue, FY2024: 68.34B CNYRevenue, FY2025: 78.62B CNYOperating income, FY2021: 2.66B CNYOperating income, FY2022: 3.32B CNYOperating income, FY2023: 3.98B CNYOperating income, FY2024: 3.89B CNYOperating income, FY2025: 4.78B CNYNet income, FY2021: 2.29B CNYNet income, FY2022: 2.86B CNYNet income, FY2023: 3.55B CNYNet income, FY2024: 2.92B CNYNet income, FY2025: 3.83B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 47.82B CNY. Revenue FY2022 55.35B CNY. Revenue FY2023 59.57B CNY. Revenue FY2024 68.34B CNY. Revenue FY2025 78.62B CNY. Operating income FY2021 2.66B CNY. Operating income FY2022 3.32B CNY. Operating income FY2023 3.98B CNY. Operating income FY2024 3.89B CNY. Operating income FY2025 4.78B CNY. Net income FY2021 2.29B CNY. Net income FY2022 2.86B CNY. Net income FY2023 3.55B CNY. Net income FY2024 2.92B CNY. Net income FY2025 3.83B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue78.62B CNY68.34B CNY59.57B CNY55.35B CNY47.82B CNY
Cost of goods sold65.22B CNY58.88B CNY49.96B CNY45.35B CNY38.78B CNY
Gross profit13.4B CNY9.46B CNY9.61B CNY10B CNY9.04B CNY
Research and development3.26B CNY3.08B CNY2.75B CNY2.27B CNY2.11B CNY
Selling, general, and administrative940.29M CNY847.2M CNY1.57B CNY1.92B CNY1.85B CNY
Operating expenses8.62B CNY5.58B CNY7.41B CNY7.05B CNY6.46B CNY
Interest income108.21M CNY132.71M CNY24.48M CNY42.43M CNY36.44M CNY
Interest expense61.58M CNY82.97M CNY64.44M CNY79.42M CNY33.52M CNY
Depreciation and amortization1.16B CNY723.44M CNY875.35M CNY885.49M CNY896.95M CNY
Operating income4.78B CNY3.89B CNY3.98B CNY3.32B CNY2.66B CNY
Net income3.83B CNY2.92B CNY3.55B CNY2.86B CNY2.29B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
29%
2 beats, 5 misses, 0 met estimates
Average EPS surprise
-14.69%
7 comparable reports
Latest EPS result
0.52
Estimate 0.52 · Beat by 0.58%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.560.40.250.09Q1 '25No estimateQ2 '25No estimateQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 0.102, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 0.395, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.242, estimate 0.184, surprise +31.67%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.328, estimate 0.352, surprise -6.92%, Miss. Q1 2026, reported Mar 31, 2026: actual 0.278, estimate 0.468, surprise -40.52%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.523, estimate 0.52, surprise +0.58%, Beat. Q3 2026, reported Aug 25, 2026: actual —, estimate 0.268, surprise —, Comparison unavailable. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.266, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates30.11B25.38B20.65B15.92BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 22.68B HKD, estimate 17.08B HKD, surprise +32.80%, Beat. Q2 2025, reported Apr 29, 2025: actual 17.66B HKD, estimate 17.89B HKD, surprise -1.28%, Miss. Q3 2025, reported Aug 28, 2025: actual 21.6B HKD, estimate 24.26B HKD, surprise -10.94%, Miss. Q4 2025, reported Oct 30, 2025: actual 18.99B HKD, estimate 18.37B HKD, surprise +3.40%, Beat. Q1 2026, reported Mar 31, 2026: actual 25.7B HKD, estimate 28.38B HKD, surprise -9.44%, Miss. Q2 2026, reported Apr 29, 2026: actual 19.85B HKD, estimate 23.31B HKD, surprise -14.83%, Miss. Q3 2026, reported Aug 25, 2026: actual —, estimate 28.96B HKD, surprise —, Comparison unavailable. Q3 2026, reported Aug 27, 2026: actual —, estimate 28.74B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.4409

2025 complete year+104.0% since 2021

2026 partial: HK$0.607

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 25, 2026

HK$0.607

Annual

Record Jun 29, 2026 · Payment Jul 24, 2026

Dividend

Ex-dividend Jul 8, 2025

HK$0.4409

Annual

Record Jul 9, 2025 · Payment Aug 22, 2025

Dividend

Ex-dividend Jul 3, 2024

HK$0.5211

Annual

Record Jul 4, 2024 · Payment Jul 26, 2024

Dividend

Ex-dividend Jun 30, 2023

HK$0.3663

Annual

Record Jul 3, 2023 · Payment Jul 28, 2023

Dividend

Ex-dividend Jul 14, 2022

HK$0.2693

Annual

Record Jul 15, 2022 · Payment Jul 28, 2022

Dividend

Ex-dividend Jul 15, 2021

HK$0.2161

Annual

Record Jul 16, 2021 · Payment Aug 25, 2021

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