Harbin Electric Co. Ltd. Class H (1133) AI Stock Analysis

• Market Cap: €10.87B
• Dividend Yield: 1.21%
• Average Volume (3M): 7.02M
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.87
• Revenue Growth: 30.12%
• EPS Growth: 139.92%
• Country: HK
• Employees: 11,094
• Sector: Industrials
• Sector Strength: 80
• Industry: Industrial - Machinery
• EPS (TTM): 0.82
• Shares Outstanding: 675,571,000
• 10 Day Avg. Volume: 4,073,500
• 30 Day Avg. Volume: 7,022,673
• PEG Ratio: 0.04
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Harbin Electric Co. Ltd. Class H receives a strong overall stock score due to its robust financial performance, particularly in revenue growth and profitability improvements. The technical analysis indicates strong upward momentum, although caution is advised due to potential overbought conditions. Valuation metrics further support a positive outlook, with an attractive P/E ratio and dividend yield suggesting the stock is undervalued. While cash flow challenges exist, the company's overall financial health and market position provide a solid investment proposition.

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 turbine generators; hydropower main equipment, such as hydropower generators units; nuclear power main equipment comprising nuclear island and conventional island equipment; and a set of steam power equipment, including 9F/9H class gas turbine, and combined gas and steam cycle sets. It also engages in the research and development, and production of clean energy products comprising solar energy, tidal power, and desalination products; and ancillary equipment for power stations, industrial boilers, industrial steam turbines, control devices, and AC/DC motors, as well as valves for power stations, pressure vessels, axial compressors, etc. In addition, the company is involved in the construction of power station projects; servicing of thermal and hydropower equipment; import and export of equipment for power stations; provision of after sales service for power station equipment products; research and development of engineering technology for power equipment and its ancillary products; and provision of environmental protection engineering services, such as desulfurization, denitrification, and dust removal. It also exports its products to Asia and South America. The company was founded in 1994 and is based in Harbin, the People's Republic of China. Harbin Electric Company Limited is a subsidiary of Harbin Electric Corporation Co., Ltd.

How the Company Makes Money

Harbin Electric Co. Ltd. generates revenue primarily through the sale of its power generation equipment. The company's key revenue streams include the production and delivery of steam turbines, gas turbines, and other related machinery to power plants and industrial customers. Additionally, Harbin Electric offers installation, maintenance, and engineering services, which contribute to its earnings. Significant partnerships with energy companies and government agencies also play a crucial role in its revenue generation, as these collaborations often lead to large-scale projects and contracts.

Harbin Electric Co. Ltd. Class H Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
28.84B	24.64B	21.23B	23.76B	22.52B
	Gross Profit
3.10B	2.63B	-1.36B	2.52B	2.98B
	EBIT
843.80M	-276.99M	-4.57B	-162.80M	-106.07M
	EBITDA
1.10B	460.02M	-3.96B	453.58M	486.65M
	Net Income Common Stockholders
574.76M	98.64M	-4.14B	-7.28M	106.17M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
21.62B	17.50B	13.90B	12.85B	12.05B
	Total Assets
71.30B	63.28B	60.61B	57.96B	55.08B
	Total Debt
12.27B	14.34B	14.77B	13.41B	11.47B
	Net Debt
-6.41B	-2.96B	1.17B	1.16B	1.40B
	Total Liabilities
56.71B	50.91B	48.42B	41.76B	39.23B
	Stockholders Equity
13.86B	11.73B	11.57B	15.68B	15.58B
Cash Flow		Free Cash Flow
1.19B	4.37B	657.60M	1.63B	-3.89B
	Operating Cash Flow
2.28B	4.75B	1.03B	1.98B	-3.39B
	Investing Cash Flow
-1.71B	-660.43M	974.76M	-1.18B	-3.09B
	Financing Cash Flow
521.88M	-464.07M	-657.77M	1.37B	3.96B

Harbin Electric Co. Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1133, the sentiment is Positive. The current price of 5.17 is above the 20-day moving average (MA) of 4.60, above the 50-day MA of 4.18, and above the 200-day MA of 3.02, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 72.00 is Negative, neither overbought nor oversold. The STOCH value of 87.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1133.

Harbin Electric Co. Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1133	79 Outperform	€10.87B	5.95	11.35%	1.21%	30.12%	139.92%
Sector *	64 Neutral	$4.24B	11.64	5.23%	249.83%	4.07%	-10.54%

Harbin Electric Co. Ltd. Class H Corporate Events

Harbin Electric Announces H Shares Repurchase Plan

Harbin Electric Co. Ltd. has announced a meeting for its H Shares Class to authorize the Board to repurchase up to 10% of its issued H shares. This move, if approved, will allow the company to amend its Articles of Association to reflect changes in its share capital structure, potentially impacting its market positioning and shareholder value.

Harbin Electric Co. Ltd. Plans H Shares Repurchase

Harbin Electric Co. Ltd. has announced a Domestic Shares Class Meeting scheduled for May 23, 2025, to discuss and potentially approve resolutions regarding the repurchase of up to 10% of its H shares. This move, if approved, will allow the company to amend its Articles of Association to reflect changes in its share capital structure, potentially impacting its market positioning and shareholder value.

Harbin Electric Announces 2024 AGM and Key Resolutions

Harbin Electric Co. Ltd. has announced its 2024 Annual General Meeting (AGM) to be held on May 23, 2025. Key resolutions include the approval of the 2024 Directors’ and Supervisors’ Reports, audited accounts, and a final dividend of RMB0.227 per share. The company will also re-elect Mr. Du Xing-kai as an executive director and appoint ShineWing Certified Public Accountants as the auditor for 2025. Special resolutions involve authorizing the board to fill vacancies, repurchase up to 10% of issued H shares, and amend articles of association to reflect share repurchases. These decisions could impact the company’s financial structure and shareholder value.

Harbin Electric Proposes Auditor Change to Enhance Governance

Harbin Electric Company Limited has announced a proposed change of auditor, transitioning from Dahua Certified Public Accountants LLP to ShineWing Certified Public Accountants LLP for the 2025 financial statements. This decision aligns with regulatory requirements for auditor rotation and aims to enhance corporate governance and audit independence. The board and audit committee have confirmed no disagreements with the outgoing auditor, and the change is subject to shareholder approval at the 2024 annual general meeting.

Harbin Electric Appoints New Executive Director

Harbin Electric Co. Ltd. has announced the appointment of Mr. Du Xing-kai as an executive director and a member of the nomination committee, effective immediately. Mr. Du, who previously served as the senior vice president of the company, brings extensive experience in financial management and corporate governance, which is expected to strengthen the company’s leadership and strategic direction.

Harbin Electric Announces Vice President’s Resignation

Harbin Electric Co. Ltd. has announced the resignation of its vice president, Mr. Yu Long, due to his reaching the statutory retirement age. The company expressed gratitude for Mr. Yu’s contributions during his tenure, and confirmed there are no disagreements or issues related to his departure that need to be communicated to shareholders.

Harbin Electric Co. Ltd. Reports 2024 Financial Results

Harbin Electric Co. Ltd. announced its audited operating results for the year ended December 31, 2024, prepared in accordance with the China Accounting Standards for Business Enterprises. The report highlights a slight decrease in total current assets from the previous year, with notable changes in cash and bank balances, transactional financial assets, and inventories. This financial performance may impact the company’s operational strategies and market positioning in the electric industry.

Harbin Electric Declares Final Dividend for 2024

Harbin Electric Company Limited announced a final cash dividend of RMB 0.227 per share for the financial year ending December 31, 2024, payable in HKD at an exchange rate of RMB 1 to HKD 1.083. The dividend payment is subject to a withholding tax rate of 10-20% for non-resident shareholders, with specific provisions for those residing in jurisdictions with tax treaties with the PRC. This announcement reflects the company’s commitment to returning value to its shareholders and may impact investor sentiment positively.