智通财经网·2025-09-04 06:25Group 1 - The core viewpoint of the report indicates that China International Capital Corporation (CICC) maintains a "outperform" rating for both A-shares and H-shares of Dongfang Electric (01072), with target prices raised by 30% and 67.2% respectively, to RMB 22.1 and HKD 19.4, corresponding to 18 times and 14.5 times the earnings ratio for this year [1] - The report highlights that Dongfang Electric's total revenue for the first half of the year reached RMB 38.151 billion, representing a year-on-year growth of 14.03%, while net profit was RMB 1.91 billion, up 12.91% year-on-year [2] - In the second quarter, the company reported revenue of RMB 21.603 billion, a year-on-year increase of 17.38%, but net profit decreased by 3.79% to RMB 0.756 billion due to increased impairment losses [2] Group 2 - The report notes that Dongfang Electric's new effective orders in the first half of the year amounted to RMB 65.485 billion, reflecting a year-on-year growth of 16.78% [2] - The clean and efficient energy equipment segment saw a revenue increase of 19.2% year-on-year, with coal power and nuclear power revenues growing by 32.6% and 38.7% respectively [2] - The company achieved a breakthrough with its 50-megawatt heavy-duty gas turbine overseas orders, indicating a positive outlook for its continued expansion in international markets [2]