Demco vs China National Nuclear Power: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Demco Public Company Limited (DEMCO.BK)

Q3 202622 Jul – 17 Sep 2026

▲4

DEMCO swings to 519% profit jump, 2.7bn baht backlog, JUMP+ growth plan

First-half profit turns around sharply DEMCO posted a first-half 2026 net profit of 30.2 million baht, up 519% from a 7.2 million baht loss a year earlier, on revenue of 974.5 million baht. The swing came from cutting total costs and admin expenses by about 11%, so the core business is now making money instead of losing it.
The profit turnaround is the main new financial fact that changes how investors value DEMCO.
2.7 billion baht backlog gives revenue visibility DEMCO holds a backlog of 2,699 million baht of signed work, to be booked as revenue through 2028. That is roughly three times last year's annual revenue, so future sales are largely already contracted rather than depending on new orders. Most work is EPC electrical projects, plus transmission lines, substations and renewable energy.
A large contracted backlog is the clearest reason future earnings are more predictable, which supports the share price.
JUMP+ plan targets 200 million baht profit by 2028 Management laid out the JUMP+ strategy: grow revenue (Growth+), cut costs (Lean+), and find new opportunities (Opportunity+), aiming for 200 million baht net profit by 2028. That is far above the current 30 million baht half-year profit, so it is an ambition, not a promise, and depends on winning new bids.
The JUMP+ target is the new forward-looking plan that shapes expectations beyond the current backlog.
Pitching energy solutions to industrial customers DEMCO showcased electrical engineering, power transmission, renewable energy and infrastructure solutions at a PEA seminar for industrial electricity users, drawing strong interest and discussing projects with entrepreneurs. This is early-stage marketing that could feed future orders, but no contracts or revenue have been announced yet.
It shows DEMCO actively hunting new demand, the source of future backlog beyond what is already signed.

August 202622 Jul – 17 Sep 2026

▲4

DEMCO swings to 519% profit jump, 2.7bn baht backlog, JUMP+ growth plan

First-half profit turns around sharply DEMCO posted a first-half 2026 net profit of 30.2 million baht, up 519% from a 7.2 million baht loss a year earlier, on revenue of 974.5 million baht. The swing came from cutting total costs and admin expenses by about 11%, so the core business is now making money instead of losing it.
The profit turnaround is the main new financial fact that changes how investors value DEMCO.
2.7 billion baht backlog gives revenue visibility DEMCO holds a backlog of 2,699 million baht of signed work, to be booked as revenue through 2028. That is roughly three times last year's annual revenue, so future sales are largely already contracted rather than depending on new orders. Most work is EPC electrical projects, plus transmission lines, substations and renewable energy.
A large contracted backlog is the clearest reason future earnings are more predictable, which supports the share price.
JUMP+ plan targets 200 million baht profit by 2028 Management laid out the JUMP+ strategy: grow revenue (Growth+), cut costs (Lean+), and find new opportunities (Opportunity+), aiming for 200 million baht net profit by 2028. That is far above the current 30 million baht half-year profit, so it is an ambition, not a promise, and depends on winning new bids.
The JUMP+ target is the new forward-looking plan that shapes expectations beyond the current backlog.
Pitching energy solutions to industrial customers DEMCO showcased electrical engineering, power transmission, renewable energy and infrastructure solutions at a PEA seminar for industrial electricity users, drawing strong interest and discussing projects with entrepreneurs. This is early-stage marketing that could feed future orders, but no contracts or revenue have been announced yet.
It shows DEMCO actively hunting new demand, the source of future backlog beyond what is already signed.

Latest22 Jul – 17 Sep 2026

▲4

DEMCO swings to 519% profit jump, 2.7bn baht backlog, JUMP+ growth plan

First-half profit turns around sharply DEMCO posted a first-half 2026 net profit of 30.2 million baht, up 519% from a 7.2 million baht loss a year earlier, on revenue of 974.5 million baht. The swing came from cutting total costs and admin expenses by about 11%, so the core business is now making money instead of losing it.
The profit turnaround is the main new financial fact that changes how investors value DEMCO.
2.7 billion baht backlog gives revenue visibility DEMCO holds a backlog of 2,699 million baht of signed work, to be booked as revenue through 2028. That is roughly three times last year's annual revenue, so future sales are largely already contracted rather than depending on new orders. Most work is EPC electrical projects, plus transmission lines, substations and renewable energy.
A large contracted backlog is the clearest reason future earnings are more predictable, which supports the share price.
JUMP+ plan targets 200 million baht profit by 2028 Management laid out the JUMP+ strategy: grow revenue (Growth+), cut costs (Lean+), and find new opportunities (Opportunity+), aiming for 200 million baht net profit by 2028. That is far above the current 30 million baht half-year profit, so it is an ambition, not a promise, and depends on winning new bids.
The JUMP+ target is the new forward-looking plan that shapes expectations beyond the current backlog.
Pitching energy solutions to industrial customers DEMCO showcased electrical engineering, power transmission, renewable energy and infrastructure solutions at a PEA seminar for industrial electricity users, drawing strong interest and discussing projects with entrepreneurs. This is early-stage marketing that could feed future orders, but no contracts or revenue have been announced yet.
It shows DEMCO actively hunting new demand, the source of future backlog beyond what is already signed.

China National Nuclear Power (601985.CG)

Q3 202631 Jul – 29 Aug 2026

▲3▼1

New nuclear approvals lift pipeline, but first-half profit drops sharply

Four new nuclear units approved for China National Nuclear Power The State Council approved Liaoning Zhuanghe Units 1-2 and Zhejiang Jinqimen Units 3-4, both using Hualong One reactors. More approved units mean a bigger long-term project pipeline and future earnings for the company.
This is the main new positive force expanding the company's growth pipeline.
10.3 billion yuan procurement for high-temperature reactor project A subsidiary plans to buy contracting services for the Jiangsu Xuwei nuclear heating and power plant's high-temperature reactor phase one. The large order shows the project is moving forward, which supports future revenue for the parent.
It shows concrete project progress that can add future revenue.
First-half profit fell 35.74% on weaker revenue Net profit dropped to 3.641 billion yuan and revenue fell 6.28%. Second-quarter profit also slipped versus the first quarter. Weaker earnings weigh on the stock because investors pay for current profits, not just future projects.
This is the main new negative force and a real counterweight to the approval news.
170 billion yuan of nuclear investment approved nationwide The four approved projects total eight units and over 170 billion yuan of investment, the first batch under the 15th Five-Year Plan. This signals strong state support for nuclear power, helping the whole sector including this company.
It shows the policy backdrop that supports the company's long-term growth.

August 202631 Jul – 29 Aug 2026

▲3▼1

New nuclear approvals lift pipeline, but first-half profit drops sharply

Four new nuclear units approved for China National Nuclear Power The State Council approved Liaoning Zhuanghe Units 1-2 and Zhejiang Jinqimen Units 3-4, both using Hualong One reactors. More approved units mean a bigger long-term project pipeline and future earnings for the company.
This is the main new positive force expanding the company's growth pipeline.
10.3 billion yuan procurement for high-temperature reactor project A subsidiary plans to buy contracting services for the Jiangsu Xuwei nuclear heating and power plant's high-temperature reactor phase one. The large order shows the project is moving forward, which supports future revenue for the parent.
It shows concrete project progress that can add future revenue.
First-half profit fell 35.74% on weaker revenue Net profit dropped to 3.641 billion yuan and revenue fell 6.28%. Second-quarter profit also slipped versus the first quarter. Weaker earnings weigh on the stock because investors pay for current profits, not just future projects.
This is the main new negative force and a real counterweight to the approval news.
170 billion yuan of nuclear investment approved nationwide The four approved projects total eight units and over 170 billion yuan of investment, the first batch under the 15th Five-Year Plan. This signals strong state support for nuclear power, helping the whole sector including this company.
It shows the policy backdrop that supports the company's long-term growth.

Latest31 Jul – 29 Aug 2026

▲3▼1

New nuclear approvals lift pipeline, but first-half profit drops sharply

Four new nuclear units approved for China National Nuclear Power The State Council approved Liaoning Zhuanghe Units 1-2 and Zhejiang Jinqimen Units 3-4, both using Hualong One reactors. More approved units mean a bigger long-term project pipeline and future earnings for the company.
This is the main new positive force expanding the company's growth pipeline.
10.3 billion yuan procurement for high-temperature reactor project A subsidiary plans to buy contracting services for the Jiangsu Xuwei nuclear heating and power plant's high-temperature reactor phase one. The large order shows the project is moving forward, which supports future revenue for the parent.
It shows concrete project progress that can add future revenue.
First-half profit fell 35.74% on weaker revenue Net profit dropped to 3.641 billion yuan and revenue fell 6.28%. Second-quarter profit also slipped versus the first quarter. Weaker earnings weigh on the stock because investors pay for current profits, not just future projects.
This is the main new negative force and a real counterweight to the approval news.
170 billion yuan of nuclear investment approved nationwide The four approved projects total eight units and over 170 billion yuan of investment, the first batch under the 15th Five-Year Plan. This signals strong state support for nuclear power, helping the whole sector including this company.
It shows the policy backdrop that supports the company's long-term growth.