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Dongfang Electric
(OTC:1072)
Dongfang Electric (1072) vs. S&P 500 (SPY)
Dongfang Electric Business Overview & Revenue Model
Dongfang Electric Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 70.66B | 68.34B | 59.57B | 55.35B | 47.82B | 37.28B | Gross Profit |
| 10.05B | 9.46B | 9.61B | 10.00B | 9.04B | 8.32B | EBIT |
| 4.17B | 3.89B | 3.98B | 3.32B | 2.66B | 2.16B | EBITDA |
| 3.60B | 3.33B | 4.95B | 4.29B | 3.60B | 3.07B | Net Income Common Stockholders |
| 3.17B | 2.92B | 3.55B | 2.86B | 2.29B | 1.86B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 18.21B | 28.55B | 18.00B | 16.07B | 20.19B | 27.98B | Total Assets |
| 128.38B | 142.01B | 121.11B | 115.27B | 103.10B | 97.80B | Total Debt |
| 2.31B | 2.99B | 1.72B | 1.87B | 1.84B | 1.20B | Net Debt |
| -15.00B | -23.87B | -15.41B | -13.17B | -16.89B | -25.49B | Total Liabilities |
| 86.13B | 98.87B | 79.89B | 76.64B | 67.72B | 64.15B | Stockholders Equity |
| 38.15B | 38.80B | 37.24B | 34.98B | 32.50B | 30.91B |
| Cash Flow | Free Cash Flow | ||||
| 4.29B | 0.00 | ― | 7.66B | ― | ― | Operating Cash Flow |
| 4.80B | 0.00 | ― | 8.41B | ― | ― | Investing Cash Flow |
| 3.52B | 0.00 | 6.05B | ― | ― | -680.28M | Financing Cash Flow |
| 2.01B | 0.00 | -497.10M | ― | ― | ― |
Dongfang Electric Technical Analysis
Dongfang Electric Peers Comparison
Dongfang Electric Corporate Events
Dongfang Electric Corporation Limited reported a 9.93% increase in total operating income for the first quarter of 2025 compared to the previous year, reaching RMB 16.55 billion. The net profit attributable to shareholders rose by 27.39%, indicating strong financial performance despite a significant negative cash flow from operating activities. This financial growth underscores DEC’s robust market positioning and its ability to generate shareholder value, although the negative cash flow may raise concerns about liquidity management.
Dongfang Electric Corporation Limited has announced an update to its proposed final dividend for the year ended December 31, 2024. Due to an increase in the total number of shares from 3,117,482,123 to 3,390,360,326, the dividend per share has been adjusted to RMB 4.03 per 10 shares, while the total distribution remains unchanged. This proposal is subject to approval at the annual general meeting and, if approved, is expected to be paid before August 31, 2025. The adjustment reflects the company’s commitment to maintaining shareholder value despite changes in share capital.
Dongfang Electric Corporation Limited has successfully completed the issuance of A Shares to specific targets, increasing its total issued shares from 3,117,482,123 to 3,390,360,326. This strategic move, involving the issuance of 272,878,203 A Shares at RMB15.11 per share, aims to strengthen the company’s financial position and support its growth initiatives. The issuance attracted significant investment from key stakeholders, including Dongfang Electric Corporation and China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd. The new shares are subject to a lock-up period, ensuring stability in the company’s shareholding structure. This development is expected to enhance Dongfang Electric’s market positioning and provide additional resources for future expansion.
Dongfang Electric Corporation Limited has announced a board meeting scheduled for April 29, 2025, to consider and approve the unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and operational progress, potentially impacting its market positioning and stakeholder confidence.
Dongfang Electric Corporation Limited announced that its controlling shareholder, DEC Group, plans to increase its shareholding in the company’s A shares through centralized price bidding transactions on the Shanghai Stock Exchange. This move, which involves an investment of RMB100 million to RMB150 million, reflects DEC Group’s confidence in the company’s future growth and stability, potentially strengthening its market position and reassuring stakeholders of its commitment to sustainable development.
Dongfang Electric Corporation Limited has announced its preliminary financial results for the first quarter of 2025, expecting a significant increase in revenue and profit compared to the previous year. The company’s growth is attributed to a steady influx of orders and advancements in production efficiency through digital transformation, positioning it strongly in the market.
Dongfang Electric Corporation Limited has announced a proposed final dividend of RMB 4.38 per 10 shares for the financial year ending December 31, 2024. This dividend is subject to approval at the 2024 annual general meeting and, if approved, is expected to be paid by August 31, 2025. The announcement underscores the company’s commitment to returning value to its shareholders and may impact its financial positioning in the market.
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.
Dongfang Electric Corporation Limited has announced that its board of directors will convene on March 31, 2025, to review and approve the company’s annual financial results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment. This announcement is significant as it highlights the company’s ongoing commitment to transparency and shareholder value, potentially impacting investor confidence and market positioning.
Dongfang Electric Corporation Limited recently held its 2025 First Extraordinary General Meeting (EGM) on March 14, 2025, where all proposed resolutions were passed without amendments. A clarification was made regarding a clerical error in the classification of a resolution related to the Shareholders’ Return Plan for 2025-2027, which was corrected from a special resolution to an ordinary resolution. This correction was communicated to shareholders before voting, ensuring transparency and adherence to procedural norms.
Dongfang Electric Corporation Limited announced the retirement of Mr. Song Zhiyuan from its Board of Directors, effective March 14, 2025, due to reaching the statutory retirement age. The company expressed gratitude for Mr. Song’s contributions, and there are no disagreements or issues to report regarding his departure, indicating a smooth transition for stakeholders.
Dongfang Electric Corporation Limited has announced the composition of its board of directors and the roles within its various committees. The board includes both executive and independent non-executive directors, with Mr. Yu Peigen serving as Chairman. The announcement highlights the strategic roles and responsibilities assigned to each director, which are crucial for the company’s governance and operational oversight. This structure is expected to enhance the company’s decision-making processes and strengthen its position in the power equipment manufacturing industry.
Dongfang Electric Corporation Limited has announced its 2025 first extraordinary general meeting scheduled for March 14, 2025, in Chengdu, China. The meeting will address several key resolutions, including the renewal of the General Mandate to issue shares, the approval of a shareholder return plan for 2025-2027, and the election of Zhang Shaofeng as a director. These resolutions are significant as they aim to enhance the company’s governance and shareholder engagement, potentially impacting its strategic direction and market positioning.
Dongfang Electric Corporation Limited announced a supplemental agreement to its Profit Forecast Compensation Agreement with DEC Group regarding the proposed acquisition of assets. The company aims to issue A shares to specific investors to raise funds for acquiring equity interests in various subsidiaries. This move is expected to strengthen Dongfang Electric’s asset base and financial performance, with DEC Group providing performance guarantees. The completion of this transaction is anticipated to enhance the company’s industry positioning and investor confidence.
Dongfang Electric Corporation Limited has announced the proposal to elect Mr. Zhang Shaofeng as a director for its eleventh board session. Mr. Zhang’s extensive background in finance and accounting, particularly in the energy sector, positions him as a strong candidate. His appointment is expected to be confirmed at the upcoming General Meeting, and he will serve without remuneration. This decision could enhance Dongfang Electric’s strategic positioning within the energy industry by leveraging Mr. Zhang’s expertise.