Dongfang Electric (600875) announced on December 17 that the company recently signed three major contracts (or award letters) for thermal power export, wind power export, and nuclear power. The total amount of the three order contracts was approximately RMB 20.4 billion. , accounting for about 61% of the company's 2009 operating income.
Comment: Among the three orders, the most noticeable is the contract for the supply of wind power equipment worth about US$203 million. This is the first large-volume export of wind power equipment in China, and is the first time Dongfang Electric's wind power equipment has entered the overseas market. Although there are large orders in hand, but by the limit of the delivery time of three orders, the performance of Dongfang Electric will not have a significant impact in the short term. Despite this, the signing of the contract has caused the market to speculate on whether Dongfang Electric will fully enter new energy sources.
Comment: Among the three orders, the most noticeable is the contract for the supply of wind power equipment worth about US$203 million. This is the first large-volume export of wind power equipment in China, and is the first time Dongfang Electric's wind power equipment has entered the overseas market. Although there are large orders in hand, but by the limit of the delivery time of three orders, the performance of Dongfang Electric will not have a significant impact in the short term. Despite this, the signing of the contract has caused the market to speculate on whether Dongfang Electric will fully enter new energy sources.
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