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Harbin Electric Co. Ltd. Class H
(1133)
Select Model
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Rating:63Neutral
Price Target:
HK$17.00
▼(-22.02% Downside)
Action:Reiterated
Date:07/22/26
Overall score is driven by improved financial performance (profitability rebound, strong 2025 growth, and healthier leverage) and supportive valuation (low P/E with a dividend). These positives are tempered by weak technicals (downtrend signals and negative momentum) and the key fundamental risk of uneven cash flow reliability.
Positive Factors
Revenue growth
Sharp 2025 revenue and margin gains indicate a substantive demand rebound and improved operational leverage. If sustained, higher volumes plus margin expansion should boost recurring cash generation and scale economics over the coming months, supporting reinvestment and steadier profitability.
Negative Factors
Cash-flow reliability
Inconsistent cash generation is a key structural risk: 2024 showed negative OCF/FCF despite a 2025 rebound. Erratic free cash flow undermines ability to fund capex, service debt, and sustain payouts, making earnings less reliable as a durable funding source.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sharp 2025 revenue and margin gains indicate a substantive demand rebound and improved operational leverage. If sustained, higher volumes plus margin expansion should boost recurring cash generation and scale economics over the coming months, supporting reinvestment and steadier profitability.
Read all positive factors
Harbin Electric Co. Ltd. Class H (1133) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$33.90B
Dividend Yield2.57%
Average Volume (3M)6.17M
Price to Earnings (P/E)9.2
Beta (1Y)1.09
Revenue Growth13.48%
EPS Growth55.89%
CountryHK
Employees11,118
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.48
Shares Outstanding675,571,000
10 Day Avg. Volume7,581,626
30 Day Avg. Volume6,172,104
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.88
Price to Sales (P/S)0.73
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$28.20Price Target Upside29.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.56
Revenue Forecast (FY)HK$51.94B
Harbin Electric Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Harbin Electric Company Limited, in conjunction with its various subsidiaries, specializes in the production and distribution of power plant machinery across the People's Republic of China. Its comprehensive product range encompasses primary equip...
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.88B | 45.70B | 38.30B | 28.84B | 24.64B | 21.23B |
| Gross Profit | 7.23B | 6.05B | 4.80B | 3.10B | 2.63B | -1.36B |
| EBITDA | 3.99B | 3.42B | 1.89B | 1.10B | 477.55M | -3.96B |
| Net Income | 3.31B | 2.67B | 1.69B | 574.76M | 98.64M | -4.14B |
Balance Sheet | ||||||
| Total Assets | 86.92B | 78.70B | 71.95B | 71.30B | 63.28B | 60.61B |
| Cash, Cash Equivalents and Short-Term Investments | 21.08B | 16.33B | 16.05B | 23.37B | 18.67B | 13.90B |
| Total Debt | 6.57B | 7.08B | 5.68B | 12.27B | 7.70B | 14.77B |
| Total Liabilities | 67.48B | 60.21B | 55.76B | 56.71B | 50.91B | 48.42B |
| Stockholders Equity | 18.78B | 17.81B | 15.48B | 13.86B | 11.73B | 11.57B |
Cash Flow | ||||||
| Free Cash Flow | 6.11B | 2.81B | -1.93B | 1.19B | 4.37B | 657.60M |
| Operating Cash Flow | 7.75B | 4.54B | -241.97M | 2.28B | 4.75B | 1.03B |
| Investing Cash Flow | -3.54B | -4.22B | -1.07B | -1.71B | -660.43M | 974.76M |
| Financing Cash Flow | -1.05B | -1.15B | -803.43M | 521.88M | -464.07M | -657.77M |
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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$6.69B | 6.10 | 10.07% | 7.44% | 19.90% | 67.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$33.90B | 9.16 | 18.09% | 2.57% | 13.48% | 55.89% | |
56 Neutral | HK$1.68B | 3.94 | 4.42% | 4.52% | -18.58% | ― | |
54 Neutral | HK$112.19B | 19.38 | 10.15% | 2.87% | 10.07% | 40.67% | |
52 Neutral | HK$78.59B | 24.62 | 8.04% | 2.48% | 24.02% | 68.77% | |
50 Neutral | HK$107.36B | 77.38 | 0.60% | 0.53% | 16.39% | 46.43% |
* Industrials Sector Average
HK:1133
Harbin Electric Co. Ltd. Class H
15.20
5.64
58.91%
HK:0658
China High Speed Transmission Equipment Group Co
1.06
-0.46
-30.26%
HK:1072
Dongfang Electric
20.28
3.64
21.84%
HK:2727
Shanghai Electric Group Company
3.03
-0.44
-12.55%
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Xinjiang Goldwind Science & Technology Co
9.16
-1.15
-11.16%
HK:2722
Chongqing Machinery & Electric Co. Ltd. Class H
1.85
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-4.75%
Harbin Electric Co. Ltd. Class H Corporate Events
Harbin Electric Signals Strong Interim Profit Surge for First Half 2026
Jul 20, 2026
Harbin Electric Company Limited has issued a positive profit alert indicating a sharp increase in interim earnings for the half-year ended 30 June 2026. The company expects net profit attributable to shareholders to reach about RMB1,700 million, u...
Harbin Electric Shareholders Approve 2025 Dividend, Reports and Board Re-elections
May 22, 2026
Harbin Electric Co. Ltd. reported that all resolutions put to its annual general meeting, as well as separate H share and domestic share class meetings held on 22 May 2026 in Harbin, were approved by poll with overwhelming majorities. Shareholders...
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.