Harbin Electric Co. Ltd. Class H (HK:1133)
:1133
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Harbin Electric Co. Ltd. Class H
(1133)
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Select Model
Rating:67Neutral
Price Target:
HK$22.50
▲(3.21% Upside)
Action:DowngradedDate:03/28/26
The score is driven primarily by improved financial performance—strong 2025 growth, margin expansion, and a healthier leverage profile—tempered by cash-flow volatility. Technically, the stock shows a longer-term uptrend but neutral near-term momentum, while valuation appears reasonable with a modest dividend.
Positive Factors
Revenue & Margin Recovery
A large, sustained revenue rebound with concurrent gross and net margin expansion points to structural demand recovery and improved operating leverage. This supports durable cash generation, reinvestment capacity, and healthier profitability over the next several quarters.
Negative Factors
Cash-flow Volatility
Sharp swings in OCF and FCF across years indicate cash conversion is inconsistent and sensitive to timing or working-capital shifts. This unevenness can constrain sustained investment, complicate forecasting and amplify liquidity risk during cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Recovery
A large, sustained revenue rebound with concurrent gross and net margin expansion points to structural demand recovery and improved operating leverage. This supports durable cash generation, reinvestment capacity, and healthier profitability over the next several quarters.
Read all positive factors
Harbin Electric Co. Ltd. Class H (1133) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$46.34B
Dividend Yield1.44%
Average Volume (3M)5.25M
Price to Earnings (P/E)12.9
Beta (1Y)0.99
Revenue Growth34.78%
EPS Growth98.79%
CountryHK
Employees11,094
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.79
Shares Outstanding675,571,000
10 Day Avg. Volume5,539,299
30 Day Avg. Volume5,247,665
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.88
Price to Sales (P/S)0.75
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$27.73Price Target Upside27.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.53
Revenue Forecast (FY)HK$56.54B
Harbin Electric Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People's Republic of China. The company provides thermal power main equipment, including boilers, steam turbines, and steam turbin...
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 | 44.64B | 38.30B | 28.84B | 24.64B | 21.23B |
| Gross Profit | 6.47B | 4.80B | 3.10B | 2.63B | -1.36B |
| EBITDA | 2.50B | 1.89B | 1.10B | 477.55M | -3.96B |
| Net Income | 2.60B | 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
Neutral
21.80
Price Trends
22.85
Negative
19.23
Positive
14.08
Positive
Market Momentum
-0.51
Positive
41.28
Neutral
21.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1133, the sentiment is Neutral. The current price of 21.8 is below the 20-day moving average (MA) of 23.58, below the 50-day MA of 22.85, and above the 200-day MA of 14.08, indicating a neutral trend. The MACD of -0.51 indicates Positive momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 21.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$32.56B | 9.88 | 14.66% | 3.32% | 16.15% | 17.32% | |
67 Neutral | HK$46.34B | 12.86 | 15.55% | 1.44% | 34.78% | 98.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$141.04B | 19.53 | 7.88% | 1.69% | 20.99% | -5.99% | |
61 Neutral | HK$249.72B | 13.71 | 13.21% | 3.98% | 3.55% | 8.89% | |
54 Neutral | HK$105.43B | 18.64 | 6.78% | 1.14% | 25.84% | 26.05% | |
48 Neutral | HK$120.91B | 44.90 | 2.23% | ― | 7.59% | 376.62% |
* Industrials Sector Average
HK:1133
Harbin Electric Co. Ltd. Class H
20.72
17.07
467.36%
HK:1072
Dongfang Electric
35.34
26.31
291.23%
HK:1882
Haitian International Holdings
20.40
3.80
22.92%
HK:2727
Shanghai Electric Group Company
3.81
1.52
66.38%
HK:2338
Weichai Power Co
29.10
15.30
110.93%
HK:2208
Xinjiang Goldwind Science & Technology Co
13.58
9.67
247.40%
Harbin Electric Co. Ltd. Class H Corporate Events
Harbin Electric Posts 2025 Results with Higher Inventories and Contract Assets
Mar 26, 2026
Harbin Electric Company Limited has released its audited consolidated results for the year ended 31 December 2025, prepared under China Accounting Standards for Business Enterprises. The disclosure highlights a sizable base of current assets, incl...
Harbin Electric Declares 2025 Final Dividend and Details H-Share Withholding Tax
Mar 26, 2026
Harbin Electric Company Limited has proposed a final ordinary cash dividend of RMB 0.358 per share for the financial year ended 31 December 2025, equivalent to HKD 0.406688 per share using an exchange rate of RMB 1 to HKD 1.136. Subject to shareho...
Harbin Electric Plans Governance Overhaul and Articles Amendments
Mar 26, 2026
Harbin Electric Company Limited plans to amend its articles of association to align with the latest PRC Company Law, updated Hong Kong Listing Rules, and the repeal of legacy mandatory provisions for overseas-listed companies. The changes will als...
Harbin Electric Sets March Board Meeting to Approve 2025 Annual Results
Mar 12, 2026
Harbin Electric Company Limited has scheduled a board meeting for 26 March 2026 to consider, among other matters, the approval and publication of its audited annual results for the financial year ended 31 December 2025. The move signals the compan...
Harbin Electric Sets Higher Transaction Caps in Renewed Intra-Group Products Framework
Mar 11, 2026
Harbin Electric Company Limited has issued a supplemental announcement detailing how it set annual transaction caps under its renewed New Products and Services Framework Agreement with an associated unlisted Harbin Electric group. The company expl...
Harbin Electric Signals Sharp Profit Jump for 2025 on Revenue and Margin Gains
Jan 26, 2026
Harbin Electric Company Limited has issued a positive profit alert, indicating that net profit attributable to shareholders for the year ended 31 December 2025 is expected to rise to about RMB2.65 billion from approximately RMB1.686 billion a year...
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.