China's Harbin Electric H1 revenue and profit rise yr/yr

Harbin Electric

26/08/2026 15:53

Overview
China power equipment maker's H1 2026 operating revenue rose yr/yr
Net income attributable to owners of parent company increased yr/yr
Company paid RMB 800.6 mln in dividends during the period

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods in the press release

Result Drivers
NEW-TYPE POWER EQUIPMENT – Revenue rose 10.2% to RMB15.94 bln, led by 42.2% hydropower growth and 8.3% coal-power growth, partly offset by a 22.9% nuclear decline
EPC AND TRADING GROWTH – EPC and trading revenue increased 38.5% to RMB4.72 bln, supporting operating revenue growth
COST CONTROL – Gross margin improved 2.95 percentage points to 15.0% as quality-and-efficiency initiatives and cost controls raised profitability

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
RMB 1.72 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy"
Wall Street's median 12-month price target for Harbin Electric Co Ltd is HK$24.47, about 53.3% above its August 26 closing price of HK$15.96
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 25 - China's Dongfang Electric H1 revenue inches up on strength in energy equipment business
Aug 26 - China's Sany Heavy Equipment H1 revenue rises on mining, international sales strength
Aug 26 - Switzerland's Gurit H1 sales rise 16% on Wind Materials unit strength

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-26/6a1f6bc7-086e-4041-9b89-d3e69b9b66af.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)