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The latest update is out from Harbin Electric Co. Ltd. Class H ( (HK:1133) ).
Harbin Electric Company Limited has announced a significant increase in its net profit for the fiscal year 2024, expecting approximately RMB1,700 million compared to RMB575 million in the previous year. This growth is attributed to a substantial increase in revenue and improvements in quality and efficiency. However, the financial results are still being finalized and have not yet been audited, with the official announcement expected by March 2025.
More about Harbin Electric Co. Ltd. Class H
Harbin Electric Company Limited is a joint stock company incorporated in the People’s Republic of China, primarily engaged in the electric equipment manufacturing industry. The company focuses on producing a range of products and services related to electric power generation and distribution.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €711.7M
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