Dongfang Electric ( (HK:1072) ) has issued an announcement.
Dongfang Electric Corporation Limited reported a 14.86% increase in total operating revenue for 2024, reaching RMB69,695 million, despite a 17.70% decrease in net profit attributable to shareholders, which amounted to RMB2,922 million. The company saw a substantial rise in new orders, up 16.88% to approximately RMB101,142 million, indicating strong market demand. The board has proposed a cash dividend of RMB4.38 per 10 shares, pending shareholder approval, reflecting confidence in future performance.
More about Dongfang Electric
Dongfang Electric Corporation Limited is a prominent player in the manufacturing industry, focusing on the production of power generation equipment and providing comprehensive services in the energy sector. The company is known for its significant contributions to the development of clean and renewable energy solutions, catering to both domestic and international markets.
YTD Price Performance: 4.00%
Technical Sentiment Signal: Sell
Current Market Cap: $6.15B
For detailed information about 1072 stock, go to TipRanks’ Stock Analysis page.