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Harbin Electric Co. Ltd. Class H
(Frankfurt:1133)
Harbin Electric Co. Ltd. Class H (1133) vs. iShares MSCI Hong Kong ETF (EWH)
Harbin Electric Co. Ltd. Class H Business Overview & Revenue Model
Harbin Electric Co. Ltd. Class H Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.30B | 28.84B | 24.64B | 21.23B | 23.76B |
| Gross Profit | 4.80B | 3.10B | 2.63B | -1.36B | 2.52B |
| EBITDA | 1.89B | 1.10B | 460.02M | -3.96B | 453.58M |
| Net Income | 1.69B | 574.76M | 98.64M | -4.14B | -7.28M |
Balance Sheet | |||||
| Total Assets | 71.95B | 71.30B | 63.28B | 60.61B | 57.96B |
| Cash, Cash Equivalents and Short-Term Investments | 16.05B | 21.62B | 17.50B | 13.90B | 12.85B |
| Total Debt | 5.68B | 12.27B | 14.34B | 14.77B | 13.41B |
| Total Liabilities | 55.76B | 56.71B | 50.91B | 48.42B | 41.76B |
| Stockholders Equity | 15.48B | 13.86B | 11.73B | 11.57B | 15.68B |
Cash Flow | |||||
| Free Cash Flow | -1.93B | 1.19B | 4.37B | 657.60M | 1.63B |
| Operating Cash Flow | -241.97M | 2.28B | 4.75B | 1.03B | 1.98B |
| Investing Cash Flow | -1.07B | -1.71B | -660.43M | 974.76M | -1.18B |
| Financing Cash Flow | -803.43M | 521.88M | -464.07M | -657.77M | 1.37B |
Harbin Electric Co. Ltd. Class H Technical Analysis
Harbin Electric Co. Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$35.75B | 10.70 | 15.54% | 0.15% | 21.08% | 21.27% | |
77 Outperform | €17.35B | 9.50 | 11.35% | 0.57% | 30.12% | 139.92% | |
75 Outperform | $75.90B | 17.75 | 8.13% | 0.17% | 15.29% | -9.20% | |
75 Outperform | $153.49B | 12.29 | 13.40% | 0.27% | -1.07% | 16.00% | |
74 Outperform | $42.84B | 15.68 | 5.64% | 0.29% | 10.95% | 28.53% | |
66 Neutral | $118.36B | 47.93 | 1.91% | ― | 2.20% | ― | |
58 Neutral | HK$14.89B | 4.75 | -2.78% | 5.07% | 3.80% | -54.55% |
Harbin Electric Co. Ltd. Class H Corporate Events
Harbin Electric Co. Ltd. has announced a positive profit alert for the first half of 2025, anticipating a significant increase in net profit to approximately RMB1,020 million, compared to RMB523 million in the same period last year. This growth is attributed to increased operating revenue and improved efficiency and quality, leading to a higher gross profit margin. The final financial results for the period are yet to be audited and will be released by the end of August 2025.
Harbin Electric Co. Ltd. has announced a capital injection agreement with Jiamusi Electric and Power Equipment Company, highlighting a significant appreciation in the valuation of Power Equipment Company. The valuation shows an increase in both current and fixed assets, with a notable rise in net assets by 47.58%, which could enhance the company’s financial position and market competitiveness.
Harbin Electric Co. Ltd. announced the full utilization of RMB96 million raised from a 2017 domestic share subscription for a nuclear power technology upgrade project. Initially planned for completion by the end of 2023, the project was extended to December 2024, aligning with project progress. This completion marks a significant step in the company’s strategic focus on enhancing its nuclear power technology capabilities.
Harbin Electric Co. Ltd. has announced the appointment of Mr. Zhang Lian-bin as a senior vice-president, effective immediately. Mr. Zhang, who has a strong background in electrical engineering and extensive experience within the company, is expected to enhance the leadership team and contribute to the company’s strategic goals.
Harbin Electric Co. Ltd. announced the resignation of Mr. Cao Zhi-an from his roles as executive director, chairman, and chairman of the nomination committee, due to a job reassignment. Mr. Huang Wei has been appointed as the new chairman of the board and chairman of the nomination committee, while resigning from his position as president. The company is in the process of filling the vacancies left by these changes, which are expected to impact its leadership structure and operational continuity.
Harbin Electric Co. Ltd. Class H has entered into a Capital Injection Agreement with Jiamusi Electric and Power Equipment Company, involving a capital injection of RMB140,000,000.00 and RMB483,257,062.92 respectively. This transaction will result in Harbin Electric holding a 39.42% equity interest in Power Equipment Company, a reduction of 9.58%. The transaction is classified as a connected transaction under Chapter 14A of the Listing Rules, requiring an announcement but exempting the company from certain approval requirements.
Harbin Electric Co. Ltd. announced the results of its annual general meeting and class meetings held on May 23, 2025. All resolutions, including the approval of the Directors’ Report, Board of Supervisors’ Report, audited accounts, and the declaration of a final dividend, were passed. The company also re-elected Mr. Du Xing-kai as an executive director and appointed ShineWing Certified Public Accountants as the auditor for 2025. These decisions reflect the company’s ongoing commitment to transparency and governance, potentially strengthening its position in the electric industry.
Harbin Electric Co. Ltd. has announced the appointment of Mr. Yang Xiao as a senior vice-president, effective immediately. Mr. Yang brings extensive experience in financial management and leadership roles from his previous positions at FAW Group and its subsidiaries, which is expected to strengthen Harbin Electric’s strategic and financial operations.