Dongfang Electric Corporation Limited(600875) : the net profit in 2021 increased by 22.93% year-on-year, and the orders on hand at the end of 2021 were 81.6 billion yuan

Dongfang Electric Corporation Limited(600875) 3 on the evening of March 30, the annual report of 2021 was released. The company achieved an operating revenue of 47.819 billion yuan in 2021, an increase of 28.26% year-on-year; The net profit attributable to the shareholders of the listed company was 2.289 billion yuan, a year-on-year increase of 22.93%; The basic earnings per share is 0.73 yuan. The company plans to pay dividends of RMB 10.3 per share to all shareholders.

For the growth of net profit, the company said that it was mainly due to the increase of sales scale in 2021 and the corresponding increase of gross profit. In 2021, the company achieved 56.392 billion yuan of new orders, a year-on-year increase of 14.15%. Among the new effective orders, clean and efficient energy equipment accounted for 25.81%, renewable energy equipment accounted for 29.40%, engineering and trade accounted for 13.46%, modern manufacturing services accounted for 12.78%, and emerging growth industries accounted for 18.55%. By the end of 2021, the company had orders of 81.6 billion yuan.

Dongfang Electric Corporation Limited(600875) has a complete energy equipment development system, and its thermal power products are in a leading position in the industry in many aspects, such as 1 million KW units and large circulating fluidized bed boilers; The overall level of hydropower products ranks in the forefront of China, the tubular and mixed flow hydropower technologies have reached the international leading level, the development of pumped storage units has reached the world-class level, and the 13 MW offshore wind turbine is at the leading level in Asia.

The company has also formed a hydrogen energy integration scheme for hydrogen acquisition, hydrogen storage, hydrogen filling and hydrogen use, promoted the demonstration application of China’s first 100kW hydrogen fuel cell combined cooling, heating and power system, developed fuel cell membrane electrodes, high-power density stacks and testing equipment with independent intellectual property rights, constructed a fuel cell product system with completely independent intellectual property rights, and mastered the batch production, testing Quality control and after-sales service capacity. The operating mileage of 100 hydrogen fuel buses equipped with Dongfang Electric Corporation Limited(600875) fuel cell engine is nearly 10 million kilometers, and all indicators are at the advanced level in China.

In the business plan, Dongfang Electric Corporation Limited(600875) said that in 2022, the company will maintain steady growth in operating revenue and continuous improvement in total profit. It is expected to complete the output of power generation equipment of 35.24 million KW, vigorously promote the rapid progress of new energy equipment and promote the development of the company to a new level.

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