① Dongfang Electric Co., Ltd. made a net profit of nearly 400 million yuan in the third quarter of this year, surpassing the size of the whole of last year, with non-net profit growth of more than 50%. ② 's new energy equipment manufacturing business received 1.63 billion yuan of new orders in the first three quarters, including 1.284 billion yuan in polysilicon and 346 million yuan in non-polysilicon.
Financial Associated Press, October 24 (Reporter Zhao Zixiang)Since the transformation into the new energy equipment business, the performance of Oriental Electric heating (300217.SZ) has been rising, coupled with the receipt of land acquisition and storage compensation fees and incentives during the reporting period, the company's net profit in the third quarter of this year is nearly 400 million, exceeding the scale of last year, while deducting non-net profit growth of more than 50%.
On the evening of October 24th, Dongfang Electric Heat released its third quarterly report, showing a total revenue of 3.237 billion yuan in the first three quarters, an increase of 21.37% over the same period last year, and a net profit of 585 million yuan, an increase of 147.69% over the same period last year.
In addition, the operating income in the third quarter was 1.192 billion yuan, up 27.23% over the same period last year; the net profit was 393 million yuan, up 337.69% from the same period last year; and 127 million yuan was deducted from non-net profit, up 53.62% from the same period last year. As a comparison, the annual net profit of Dongfang Electric Heat is 302 million yuan in 2022.
The surge in Dongfang Electric's performance is accidental. According to the company's previous disclosure, the company received a total of 332 million yuan in land acquisition and storage compensation and incentives this year, which belongs to non-recurrent profit and loss. After deducting the related expenses, the impact on the company's net profit is expected to be about 258 million yuan.
At the same time, there are also rewards for the smooth development of the business. According to Dongfang Electric's previous performance forecast in the first three quarters, the company continued to make efforts in the new energy sector, among which the sales revenue of the new energy equipment business and the PTC electric heater business for new energy vehicles both achieved rapid growth compared with the same period last year, which is the main reason for the performance growth.
According to public data, Dongfang Electric is currently in parallel in the three main business sectors of household appliances (components), new energy (equipment manufacturing, automotive components and lithium battery materials) and optical communications (materials). In recent years, it has gradually focused on the new energy industry. The company's revenue from new energy equipment manufacturing and new energy automobile components plate accounts for more than 45% in 2022, and is expected to further improve this year.
Dongfang Electric also disclosed the progress of the previous fund-raising project in this three-quarter report, in which the whole process of the wholly-owned subsidiary Dongjiutian "annual output of 20,000 tons of pre-plated nickel lithium battery steel baseband project" is running well, and the product quality meets the expected requirements. The new offline products have been sent samples to the relevant customers for further verification.
In addition, the capital construction of the wholly-owned subsidiary Oriental Reggie "annual production of 50 sets of high-temperature and efficient electric heating equipment" has been completed and is expected to enter trial production in the fourth quarter.
According to the three quarterly reports, Dongfang Electric Heat received 1.63 billion yuan in new energy equipment manufacturing orders in the first three quarters of this year, including 1.284 billion yuan in polysilicon and 346 million yuan in non-polysilicon.