Core Viewpoint - The report from CICC indicates that the current stock prices of Dongfang Electric (01072) correspond to a price-to-earnings ratio of 15.8 for 2025 and 13.1 for 2026 for A-shares, and 12.8/10.4 for H-shares, suggesting potential growth opportunities for the company [1] Financial Performance - Dongfang Electric reported total revenue of 38.151 billion RMB for the first half of the year, representing a year-on-year increase of 14.03% [1] - The net profit for the same period was 1.91 billion RMB, showing a year-on-year growth of 12.91% [1] - In the second quarter, the revenue reached 21.603 billion RMB, which is a year-on-year increase of 17.38% [1] - The net profit for the second quarter was 756 million RMB, reflecting a positive growth trend [1] Future Growth Potential - The construction of the Yashan Hydropower Station and the accelerated approval of coal-fired units are expected to open up long-term development opportunities for Dongfang Electric [1]
中金:升东方电气目标价至19.4港元维持“跑赢行业”评级