Harbin Electric Co. Ltd. Class H (HK:1133) has released an update.
Harbin Electric Co. Ltd. has issued a positive profit alert, revealing a substantial increase in its half-year net profit for 2024, which is expected to reach approximately RMB530 million, in stark contrast to RMB85 million from the previous year. This financial leap is attributed to aggressive market development and a rise in both operating revenue and gross profit margin. Shareholders and potential investors are cautioned, however, that these are preliminary figures and subject to finalization and review.
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