Dongfang Electric Corporation (1072) Q1 2025 earnings summary

Executive summary

• Total operating income for Q1 2025 reached RMB16.55 billion, up 9.93% year-over-year.

• Net profit attributable to shareholders rose 27.39% year-over-year to RMB1.15 billion.

• Power generation equipment output totaled 17,909.4MW, with significant contributions from steam and wind turbines.

• New effective orders in Q1 2025 amounted to RMB35.88 billion, with 44.56% from high-efficiency clean energy equipment.

Financial highlights

• Operating income increased 10.06% year-over-year to RMB16.29 billion.

• Net profit after deducting non-recurring items was RMB1.06 billion, up 0.22% year-over-year.

• Basic and diluted EPS both rose 27.59% year-over-year to RMB0.37.

• Net cash flow from operating activities was negative RMB3.29 billion, compared to positive RMB1.24 billion in Q1 2024.

• Total assets grew 4.8% from year-end 2024 to RMB148.83 billion.

Key financial ratios and metrics

• Weighted average return on net assets increased by 0.53 percentage points to 2.93%.

• Owners' equity attributable to shareholders rose 3.04% from year-end 2024.