According to the Guosheng Securities Research Report, Donghua Technology's Q2 performance accelerated dramatically, and the performance was impressive after deducting 36% of non-performance growth. The company signed 5.9 billion yuan of new orders in the 2025Q2 single quarter, an increase of 42% over the previous year. Among them, design/general contracting signed 1.8/5.72 billion yuan respectively, an increase of 165%/40%. High-margin and short-cycle design orders increased dramatically. They are expected to start contributing to performance in the second half of the year, and design technical services are a pre-construction part, indicating that subsequent related general contracting orders have great potential for growth. The rise in domestic energy demand is compounded by rising energy uncertainty overseas. The importance of increasing domestic energy self-sufficiency continues to be highlighted, and the trend of accelerating investment in coal chemicals in Xinjiang is clear. The company has plenty of orders in hand, and is expected to benefit from the acceleration of investment in coal chemicals in Xinjiang in the future. Net profit from 2025 to 2027 is expected to be 4.8/5.5/640 million yuan, up 16%/16%, EPS is 0.67/0.78/0.91 yuan/dong, respectively. Currently, PE corresponding to the East Price is 15/13/11 times, respectively, maintaining the “buy” rating.

According to the Guosheng Securities Research Report, Donghua Technology's Q2 performance accelerated dramatically, and the performance was impressive after deducting 36% of non-performance growth. The company signed 5.9 billion yuan of new orders in the 2025Q2 single quarter, an increase of 42% over the previous year. Among them, design/general contracting signed 1.8/5.72 billion yuan respectively, an increase of 165%/40%. High-margin and short-cycle design orders increased dramatically. They are expected to start contributing to performance in the second half of the year, and design technical services are a pre-construction part, indicating that subsequent related general contracting orders have great potential for growth. The rise in domestic energy demand is compounded by rising energy uncertainty overseas. The importance of increasing domestic energy self-sufficiency continues to be highlighted, and the trend of accelerating investment in coal chemicals in Xinjiang is clear. The company has plenty of orders in hand, and is expected to benefit from the acceleration of investment in coal chemicals in Xinjiang in the future. Net profit from 2025 to 2027 is expected to be 4.8/5.5/640 million yuan, up 16%/16%, EPS is 0.67/0.78/0.91 yuan/dong, respectively. Currently, PE corresponding to the East Price is 15/13/11 times, respectively, maintaining the “buy” rating.