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Harbin Electric Co. Ltd. Class H
(1133)
Select Model
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Rating:62Neutral
Price Target:
HK$16.00
▼(-26.61% Downside)
Action:Reiterated
Date:06/27/26
The score is driven primarily by improving fundamentals (strong 2025 growth, better margins, and healthier leverage), supported by a reasonable valuation (P/E ~11.1 and ~2.67% yield). These positives are tempered by weak technicals (price below all key moving averages with negative MACD) and a notable risk around cash-flow volatility given the negative 2024 cash flow despite the 2025 rebound.
Positive Factors
Revenue & margin recovery
A large, sustained revenue rebound and simultaneous margin expansion indicate durable operational recovery, likely from stronger orders or better pricing and mix. Sustained higher margins improve cash generation potential and underpin longer-term profitability and reinvestment capacity.
Negative Factors
Cash-flow inconsistency
Large year-to-year swings in operating and free cash flow undermine predictability of internal funding. Inconsistent conversion of earnings to cash raises reliance on external financing, complicates capex/dividend planning, and increases vulnerability during cyclical slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin recovery
A large, sustained revenue rebound and simultaneous margin expansion indicate durable operational recovery, likely from stronger orders or better pricing and mix. Sustained higher margins improve cash generation potential and underpin longer-term profitability and reinvestment capacity.
Read all positive factors
Harbin Electric Co. Ltd. Class H (1133) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$34.66B
Dividend Yield1.44%
Average Volume (3M)5.25M
Price to Earnings (P/E)11.0
Beta (1Y)1.11
Revenue Growth19.22%
EPS Growth58.48%
CountryHK
Employees11,094
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.19
Shares Outstanding675,571,000
10 Day Avg. Volume5,539,299
30 Day Avg. Volume5,247,665
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.88
Price to Sales (P/S)0.73
P/FCF Ratio11.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.15Price Target Upside24.54% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.58
Revenue Forecast (FY)HK$51.81B
Harbin Electric Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Harbin Electric Company Limited, in conjunction with its various subsidiaries, specializes in the production and distribution of power plant machinery across the People's Republic of China. Its comprehensive product range encompasses primary equip...
How the Company Makes Money
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Harbin Electric Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 45.70B | 38.30B | 28.84B | 24.64B | 21.23B |
| Gross Profit | 6.05B | 4.80B | 3.10B | 2.63B | -1.36B |
| EBITDA | 3.42B | 1.89B | 1.10B | 477.55M | -3.96B |
| Net Income | 2.67B | 1.69B | 574.76M | 98.64M | -4.14B |
Balance Sheet | |||||
| Total Assets | 78.70B | 71.95B | 71.30B | 63.28B | 60.61B |
| Cash, Cash Equivalents and Short-Term Investments | 16.33B | 16.05B | 23.37B | 18.67B | 13.90B |
| Total Debt | 7.08B | 5.68B | 12.27B | 7.70B | 14.77B |
| Total Liabilities | 60.21B | 55.76B | 56.71B | 50.91B | 48.42B |
| Stockholders Equity | 17.81B | 15.48B | 13.86B | 11.73B | 11.57B |
Cash Flow | |||||
| Free Cash Flow | 2.81B | -1.93B | 1.19B | 4.37B | 657.60M |
| Operating Cash Flow | 4.54B | -241.97M | 2.28B | 4.75B | 1.03B |
| Investing Cash Flow | -4.22B | -1.07B | -1.71B | -660.43M | 974.76M |
| Financing Cash Flow | -1.15B | -803.43M | 521.88M | -464.07M | -657.77M |
Harbin Electric Co. Ltd. Class H Technical Analysis
Negative
21.80
Price Trends
19.96
Negative
21.36
Negative
17.75
Negative
Market Momentum
-1.32
Negative
33.44
Neutral
13.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1133, the sentiment is Negative. The current price of 21.8 is above the 20-day moving average (MA) of 16.64, above the 50-day MA of 19.96, and above the 200-day MA of 17.75, indicating a bearish trend. The MACD of -1.32 indicates Negative momentum. The RSI at 33.44 is Neutral, neither overbought nor oversold. The STOCH value of 13.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1133.
Harbin Electric Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$34.66B | 11.02 | 15.71% | 1.44% | 19.22% | 58.48% | |
58 Neutral | HK$7.92B | 8.30 | 8.89% | 2.50% | 12.91% | 76.99% | |
53 Neutral | HK$110.17B | 22.33 | 9.53% | 1.69% | 13.65% | 24.19% | |
53 Neutral | HK$110.70B | 82.69 | 2.38% | ― | 11.01% | 30.24% | |
51 Neutral | HK$2.13B | 8.74 | -69.18% | ― | -10.60% | ― | |
44 Neutral | HK$106.63B | 31.99 | 7.95% | 1.14% | 29.06% | 50.69% |
* Industrials Sector Average
HK:1133
Harbin Electric Co. Ltd. Class H
15.50
9.71
167.80%
HK:0658
China High Speed Transmission Equipment Group Co
1.30
0.07
5.69%
HK:1072
Dongfang Electric
22.54
9.47
72.46%
HK:2727
Shanghai Electric Group Company
3.47
0.62
21.88%
HK:2208
Xinjiang Goldwind Science & Technology Co
11.08
4.05
57.61%
HK:2722
Chongqing Machinery & Electric Co. Ltd. Class H
2.15
0.99
85.99%
Harbin Electric Co. Ltd. Class H Corporate Events
Harbin Electric Shareholders Approve 2025 Dividend, Reports and Board Re-elections
May 22, 2026
Harbin Electric Co. Ltd. reported that all resolutions put to its annual general meeting, as well as separate H share and domestic share class meetings held on 22 May 2026 in Harbin, were approved by poll with overwhelming majorities. Shareholders...
Harbin Electric Calls H Shareholders’ Meeting on Proposed Buyback Mandate
Apr 21, 2026
Harbin Electric Company Limited has called an H Shares Class Meeting in Harbin on 22 May 2026 for holders of its Hong Kong-listed H shares, following closure of the register of members from 19 to 22 May to determine voting eligibility. H sharehold...
Harbin Electric Calls Domestic Shareholders Meeting to Approve H-Share Buyback Mandate
Apr 21, 2026
Harbin Electric Company Limited has convened a Domestic Shares Class Meeting for 22 May 2026 in Harbin to seek shareholder approval for a mandate allowing its board to repurchase up to 10% of the company’s issued H shares on the Hong Kong ma...
Harbin Electric Sets 2025 AGM to Approve Dividend, Governance Changes and Capital Mandates
Apr 21, 2026
Harbin Electric Co. Ltd. has called its 2025 annual general meeting for 22 May 2026 in Harbin, where shareholders will review the company’s 2025 directors’ and supervisory reports, audited financial statements, and vote on a final divi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.