Gelonghui November 11th｜CSC research reports pointed out that dongfang electric corporation (600875.SH) improved its profitabilty in the third quarter, with net income attributable to the parent recovering and showing a clear improvement compared to the second quarter. The company's Q2 performance declined mainly due to low stock price coal power orders delivery, as well as a significant negative impact from the decrease in wind power and engineering construction gross margin; these impacts have gradually diminished in Q3, leading to a noticeable improvement in net income attributable to the parent and profitabilty. In the third quarter alone, the company added new orders of 25.2 billion yuan, a year-on-year increase of 64% but a sequential decrease of 15%. The bank forecasts that the company's net income attributable to the parent for 2024-2026 will be 3.61, 4.55, and 5.22 billion yuan respectively, corresponding to PEs of 14.0, 11.1, and 9.7 times.