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Research Reports Insight | China Securities Co.,Ltd.: Dongfang Electric Corporation Q3 Performance Recovers and Grows, Orders Increase Significantly Year-on-Year.
On November 11, CSC research reports pointed out that Dongfang Electric Corporation (600875.SH) improved its profitability in the third quarter, with net income attributable to shareholders rebounding and showing significant recovery compared to the second quarter. The company's Q2 performance declined, mainly due to the delivery of low stock price coal-fired power plant orders, as well as a significant negative impact from the decline in wind power and engineering contract gross margin; these impacts have gradually been mitigated in Q3, resulting in significant improvements in net income and profitability. In the third quarter alone, the company added orders worth 25.2 billion yuan, a 64% year-on-year increase but a 15% decrease from the previous quarter. The bank forecasts that the company's net income attributable to shareholders for 2024-2026 is expected to be.
Dongfang Electric Corporation (600875) Third Quarter Report Review 2024: Performance rebounds, orders and inventory grow significantly year-on-year.
The core point is that the company released the third quarter report for 2024, achieving revenue of 14.392 billion yuan, a year-on-year decrease of 3.09%, a quarter-on-quarter decrease of 22.23%, achieving a net income attributable to the parent company of 0.933 billion yuan, a year-on-year increase.
Express News | China Huaneng's seventh CIIE signing amount exceeded 4.2 billion yuan.
Hong Kong stock concept tracking | Wind power industry strengthens self-discipline, third quarter wind power companies achieve positive growth in performance (concept stock attached)
12 wind turbine manufacturers jointly signed the "China Wind Power Industry Maintenance Market Fair Competition Environment Self-Discipline Convention", aiming to jointly resist the behavior of low stock price malicious competition.
Express News | Dongfang Electric Corporation established a digital technology company with 0.2 billion in investments, including multiple AI businesses.
Dongfang Electric Corporation (600875): Gross margin hits bottom and rebounds, with ample orders in hand expected to recover growth.
dongfang electric corporation released the third quarter report for 2024. Achieved revenue of 47.025 billion yuan in the first three quarters, a year-on-year increase of 7.07%, achieving a net income attributable to the parent of 2.625 billion yuan, a year-on-year decrease of 9.86%. Achieved revenue in Q3 24.
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