11.12
-3.14%
Close of 9 Nov 2026, in HKD
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About Harbin Electric Co
Its shares trade on HKEX under the ticker 1133.HK. It has been listed since 16 December 1994. In the fiscal year to 31 December 2025, it reported revenue of CN¥53.23bn and net income of CN¥3.11bn. At that date it held total assets of CN¥91.67bn and shareholders' equity of CN¥20.74bn.
Harbin Electric Co., Ltd. engages in the manufacture and distribution of boilers, steam turbines, steam turbine generators, and hydropower equipment. The company is headquartered in Harbin, Heilongjiang. The firm operates through three business segments. Its main business includes the manufacturing of large scale thermal power, hydro power, nuclear power and its ancillary equipment, the turn-key construction of power station projects, as well as the research and development, design and manufacturing of major products, such as power equipment of ships and electric power equipment.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 16 Dec 1994
- Employees
- 16,579
- Website
- hpec.com ↗
Leadership
Pay as last reported
- Mr. Zhi-an CaoExecutive Chairman of the Board, since 2021
- Mr. Wei HuangPresident, Executive Director, since 2023CN¥387,460
- Mr. Xing-Kai DuSenior Vice PresidentCN¥187,209
- Mr. Qingyong LiuSenior Vice President
- Mr. Yi LiuSenior Vice President
- Mr. Zhi-qiang LuSenior Vice PresidentCN¥562,082
- Mr. Chen Dong-shiVice President
- Mr. Xiliang QiuVice PresidentCN¥831,611
- Mr. Gui WangVice PresidentCN¥1.1m
- Mr. Li-Song AiCompany SecretaryCN¥325,593
- Mr. Tat Chiu TungJoint Company Secretary
- Mr. Yi-bin GaoNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 49
- Environment
- 84
- Social
- 45
- Governance
- 17
- Women in the workforce
- 15.87385%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Harbin Electric Co Ltd has several strengths that contribute to its success in the market. Firstly, the company is a leading manufacturer and supplier of power generation equipment in China, with a strong reputation for quality and reliability. This has allowed them to build long-term relationships with major clients and secure a significant market share. Secondly, Harbin Electric Co Ltd benefits from its diverse product portfolio, encompassing a wide range of power generation and transmission equipment. This positions the company well to cater to the varying needs of different industries and customers. Additionally, the company possesses advanced manufacturing capabilities and technological expertise. They continuously invest in research and development to innovate and improve their products, ensuring they remain competitive in the rapidly evolving energy market. Lastly, Harbin Electric Co Ltd enjoys a strong financial position, which enables them to invest in expanding their operations, undertake strategic acquisitions, and withstand market fluctuations.
Weaknesses
- Despite its strengths, Harbin Electric Co Ltd also faces certain weaknesses that can potentially hinder its performance. One notable weakness is the company's limited international presence. While it is a key player in the domestic market, its exposure to global markets is relatively low, which may limit its growth opportunities. Another weakness lies in the company's heavy reliance on a few key clients. If any of these clients were to reduce their orders or switch to alternative suppliers, it could significantly impact Harbin Electric Co Ltd's revenue and profitability. Furthermore, the company faces challenges related to regulatory compliance and environmental sustainability. As stricter regulations are implemented in the energy sector, Harbin Electric Co Ltd must ensure its operations and products comply with these standards to avoid potential penalties and reputational damage.
Opportunities
- Harbin Electric Co Ltd has several opportunities to capitalize on in the market. Firstly, the global demand for clean and renewable energy solutions is increasing. The company can leverage its expertise in power generation equipment to tap into this growing market and offer sustainable solutions to customers. Moreover, there is a need for infrastructure development in emerging economies, presenting an opportunity for Harbin Electric Co Ltd to expand its market presence in these regions. By establishing strategic partnerships and local manufacturing facilities, the company can cater to the rising energy demands of these economies. Additionally, Harbin Electric Co Ltd can explore technological advancements such as digitalization and automation in its product offerings. Embracing these technologies can enhance operational efficiency, reduce costs, and improve overall customer satisfaction.
Threats
- Harbin Electric Co Ltd operates in a highly competitive environment, which poses threats to its market position. Increased competition from domestic and international players can potentially erode the company's market share and impact its profitability. Furthermore, geopolitical tensions and trade disputes can disrupt global supply chains, affecting Harbin Electric Co Ltd's procurement of raw materials and components. Any disruption in the supply chain can lead to delays in production and delivery, negatively impacting customer satisfaction. Lastly, fluctuations in raw material prices, such as steel and copper, can raise production costs for Harbin Electric Co Ltd. This can put pressure on their profit margins, especially if they are unable to pass on these increased costs to customers.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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