Loading…
Makes power generation equipment — steam, gas and hydro turbines and generators — one of China's top three manufacturers.
Makes power generation equipment — steam, gas and hydro turbines and generators — one of China's top three manufacturers.
Sells large generating sets to power-plant owners on orders that take years, with payments made at set stages and servicing and spare parts following later. Orders come mostly from state-owned utilities and follow the build cycle for coal, gas, hydro and nuclear plants. A central-government-owned group in Sichuan controls it.
In one line: A Chinese General Electric Power/Mitsubishi Power for turbines.
Moat: narrow (scale, installed base, IP / patents). Large domestic manufacturing scale and technology absorbed from foreign turbine licences.
Headquarters: Deyang, China · Founded: 1958 · Employees: 18,753
Size Dongfang Electric (1072.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $13.1B, the 128th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.26 on 6 Nov 2026.
Performance Over six months the shares fell 56.4%, against -25.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +21.4%); the operating margin is 4.6% (peer median 12.2%).
Valuation It trades at 10.4× forward earnings against a peer median of 19.3× (cheapest of 21).
Capital Return on invested capital runs 0.6 points above its cost of capital (7.0% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$89.8B | HK$85.0B | HK$75.4B | HK$66.9B | HK$64.2B |
| Revenue growth | — | +13% | +13% | +4% | — |
| Gross profit | HK$16.2B | HK$13.6B | HK$10.9B | HK$11.0B | HK$10.9B |
| EBITDA | n/a | HK$5.14B | HK$3.73B | HK$4.37B | HK$4.19B |
| Net income | HK$5.35B | HK$4.16B | HK$3.17B | HK$3.92B | HK$3.32B |
| Free cash flow | -HK$718M | -HK$2.32B | HK$7.79B | -HK$4.97B | HK$9.12B |
| Capital expenditure | HK$4.79B | HK$4.65B | HK$3.25B | HK$1.23B | HK$870M |
| Total debt | HK$28.5B | HK$30.7B | HK$22.7B | HK$18.3B | HK$18.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dongfang Electric 1072.HK | $13.1B | -56% | +7% | 5% | 10.4× | n/a |
| Shanghai Electric 2727.HK | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
| Mitsubishi Heavy Industries 7011.T | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1072.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | -7.2% | 6th highest of 21 |
| 6-month return | -56.4% | -25.1% | 3rd lowest of 21 |
| Distance from 52-week high | -63.0% | -34.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.5% | +21.4% | 5th lowest of 20 |
| Operating margin | 4.6% | 12.2% | 2nd lowest of 20 |
| Forward P/E | 10.4× | 19.3× | cheapest of 21 |
| ROIC minus cost of capital | +0.6 pp | +3.9 pp | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |