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Zhenjiang Dongfang Electric Heat

Zhenjiang Dongfang Electric Heating Technology Co., Ltd. researches, develops, integrates, and applies thermal management systems and new materials in China. It offers electric heating products such as oven heaters, nickel welding boiler heaters, microwave oven heaters, washing machine heaters, and steam boiler heaters, along with electric heating elements for small household appliances. These products serve home appliances, automobiles, industry, robotics, optical communication, and batteries. The company also develops, produces, and sells new energy and optical communication-related products, exporting to the United States, Canada, Russia, France, Italy, Japan, South Korea, Saudi Arabia, Israel, and other countries. Founded in 1982, it is headquartered in Zhenjiang, China.

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300217.CS

Zhenjiang Dongfang Electric Heating Technology Announces Change of Employee Representative Director; Nie Xudong Succeeds Zhao Hailin

Zhenjiang Dongfang Electric Heating Technology announced on September 28 that Zhao Hailin, due to the re-election of the company's employee representative congress, no longer serves as an employee representative director on the sixth board of directors, but continues to serve as assistant to the general manager. He directly holds 84,000 company shares and holds a 1.011 million yuan stake in the 2023 employee stock ownership plan. The company also elected Nie Xudong as an employee representative director on the sixth board of directors, with a term from the date of approval by this employee representative congress election until the expiry of the sixth board's term. In the first half of 2026, Zhenjiang Dongfang Electric Heating Technology achieved revenue of 1.338 billion yuan and net profit attributable to the parent of 41.07 million yuan.
300217.CS · · Neutral Employee representative director change (Zhao Hailin out, Nie Xudong in); routine board reshuffle with no clear financial driver.
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China
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Dongfang Electric Heating's 2026 interim report shows net profit down 54.87%

Dongfang Electric Heating released its 2026 interim report. Total operating revenue was 1.338 billion yuan, down 23.58% year on year. Net profit attributable to the parent company was 41.0714 million yuan, down 54.87% from the same period last year. Net cash inflow from operating activities was 319 million yuan. The asset-liability ratio was 31.80%. Gross margin was 12.56%, down 7.55 percentage points from a year earlier. Diluted earnings per share were 0.03 yuan, down 54.58% year on year. The company had 45,300 shareholders, and the top ten shareholders held 38.65% of total share capital.
300217.CS · Capital · Negative Net profit down 54.87% and revenue down 23.58% in interim report.
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China
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Dongfang Electric Heating Launches Smart Tailgate Kitchen Product, Primarily Used in Xiangjie G9

Dongfang Electric Heating stated on an interactive platform that its self-developed smart tailgate kitchen product has just been launched and is currently mainly used in the Xiangjie G9, with other customers under development. This business is expected to help the company increase the value per vehicle to the thousand-yuan level, but the current revenue generated is very small and has no significant impact on the company.
300217.CS · Demand · Positive Launch of smart tailgate kitchen product for Xiangjie G9, though revenue currently small.
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