Harbin Electric Co Ltd

Chart & Performance

D1W1MN

P/E

7.39

P/S

0.33

EPS

0.77

Div Yield, %

0.92%

Shrs. gr., 5y

5.48%

Rev. gr., 5y

11.21%

Revenues

38.30b

+32.79%

Net income

1.69b

+193.27%

CFO

-242m

Dividend

Jun 12, 20250.246 HKD/sh

Earnings

Aug 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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	38,297,858 32.79%	28,840,902 17.03%	24,643,794 16.11%
Cost of revenue	37,710,222	27,511,485	25,088,949
Unusual Expense (Income)
NOPBT	587,636	1,329,417	(445,155)
NOPBT Margin	1.53%	4.61%
Operating Taxes	300,863	153,623	76,348
Tax Rate	51.20%	11.56%
NOPAT	286,773	1,175,793	(521,503)
Net income	1,685,571 193.27%	574,760 482.69%	98,638 -102.38%
Dividends	(276,341)	(225,331)
Dividend yield	4.88%	5.93%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	4,863,669	10,511,995	11,861,320
Long-term debt	828,376	1,771,069	2,480,325
Deferred revenue		266,452	236,321
Other long-term liabilities	1,744,466	1,807,771	(246,546)
Net debt	(12,261,369)	(11,170,050)	(4,385,240)
Cash flow
Cash from operating activities	(241,969)	2,284,203	4,747,072
CAPEX	(1,684,093)		(372,921)
Cash from investing activities	(1,071,987)	(1,708,543)	(660,426)
Cash from financing activities	(803,433)	521,878	(464,070)
FCF	2,858,171	317,325	4,107,394
Balance
Cash	16,050,827	21,619,859	17,504,444
Long term investments	1,902,587	1,833,255	1,222,441
Excess cash	16,038,521	22,011,069	17,494,695
Stockholders' equity	16,189,861	10,083,367	8,075,843
Invested Capital	7,578,907	25,294,449	20,543,784
ROIC	1.74%	5.13%
ROCE	2.49%	3.76%
EV
Common stock shares outstanding	2,236,276	1,836,294	1,700,663
Price	2.53 22.22%	2.07 -33.87%	3.13 -11.08%
Market cap	5,657,778 48.84%	3,801,129 -28.59%	5,323,074 -11.40%
EV	(5,896,492)	(5,689,012)	1,583,746
EBITDA	587,692	2,050,689	291,862
EV/EBITDA			5.43
Interest		216,122	257,114
Interest/NOPBT		16.26%