DONGFANG Electric Machinery Co, a listed unit of one of China's largest power generation equipment makers, said its full year profit for 2006 rose by nearly 60 percent on orders from inside outside China.　

Net profit topped 830 million yuan (US$106 million), or 1.845 yuan per share, on sales of 4.7 billion yuan which grew 54 percent from a year ago. Its parent company, Dongfang Electric Corporation which is based in Chengdu of southwestern Sichuan Province, will complete its backdoor listing via Dongfang Electric in the second half.

Dongfang Electric plans to buy the parent company's 12 billion yuan worth of stakes with 367 million newly issued shares and cash.

Source:佚名