Harbin Electric Co Ltd

Chart & Performance

D1W1MN

P/E

9.11

P/S

0.18

EPS

0.26

Div Yield, %

4.05%

Shrs. gr., 5y

0.59%

Rev. gr., 5y

2.19%

Revenues

28.84b

+17.03%

Net income

575m

+482.69%

CFO

2.28b

-51.88%

Dividend

Jun 13, 20240.0573 HKD/sh

Earnings

Mar 26, 2025

Profile

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.

URL

https://www.hpec.com/

IPO date

Dec 16, 1994

Employees

11,746

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	28,840,902 17.03%	24,643,794 16.11%	21,225,313 -10.67%
Cost of revenue	27,511,485	25,088,949	25,347,329
Unusual Expense (Income)
NOPBT	1,329,417	(445,155)	(4,122,016)
NOPBT Margin	4.61%
Operating Taxes	153,623	76,348	99,400
Tax Rate	11.56%
NOPAT	1,175,793	(521,503)	(4,221,417)
Net income	574,760 482.69%	98,638 -102.38%	(4,142,448) 56,797.58%
Dividends	(225,331)
Dividend yield	5.93%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	10,511,995	11,861,320	13,738,640
Long-term debt	1,771,069	2,480,325	1,033,530
Deferred revenue	266,452	236,321	264,223
Other long-term liabilities	1,807,771	(246,546)	(1,033,067)
Net debt	(11,170,050)	(4,385,240)	233,595
Cash flow
Cash from operating activities	2,284,203	4,747,072	1,033,543
CAPEX		(372,921)	(375,945)
Cash from investing activities	(1,708,543)	(660,426)	974,758
Cash from financing activities	521,878	(464,070)	(657,775)
FCF	317,325	4,107,394	(2,561,162)
Balance
Cash	21,619,859	17,504,444	13,904,171
Long term investments	1,833,255	1,222,441	634,404
Excess cash	22,011,069	17,494,695	13,477,309
Stockholders' equity	10,083,367	8,075,843	7,855,949
Invested Capital	25,294,449	20,543,784	20,917,629
ROIC	5.13%
ROCE	3.76%
EV
Common stock shares outstanding	1,836,294	1,700,663	1,706,818
Price	2.07 -33.87%	3.13 -11.08%	3.52 56.44%
Market cap	3,801,129 -28.59%	5,323,074 -11.40%	6,008,001 46.70%
EV	(5,689,012)	1,583,746	6,867,587
EBITDA	2,050,689	291,862	(3,507,766)
EV/EBITDA		5.43
Interest	216,122	257,114	224,154
Interest/NOPBT	16.26%