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27.01.26 - 03:00
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HARBIN ELECTRIC Opens Up 5.3%, Expects Last Yr's NP to Surge 57% (AAStocks)
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HARBIN ELECTRIC (01133.HK) opened 5.3% higher today (27th) at HKD20, with a pre-market trading volume of 282,000 shares, involving HKD5.64 million.The company issued a positive profit alert after the bell yesterday, estimating that the net profit attributable to the owners of the parent company will have grown by around 57% YoY ......
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04.12.25 - 03:06
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China Debuts First Locally Built GE-Designed Gas Turbine (ZeroHedge)
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China Debuts First Locally Built GE-Designed Gas Turbine
China has launched its first power plant using an advanced gas turbine manufactured domestically, marking a major step toward reducing dependence on foreign technology amid a global equipment shortage, according to Bloomberg.
China Energy Investment Corp. commissioned the Anji Power Plant, which operates two GE-designed turbines of roughly 400 megawatts each.
Bloomberg writes that the turbine design comes from GE Vernova, which formed a joint venture with state-owned Harbin Electric in 2019 to localize production and supply up to a dozen units annually.
The achievement advances China's long-running effort to build its own gas-turbine industry at a time when worldwide demand is surging—driven by data-center expansion and by developing nations shifting away from coal.
China's gas-fired capacity is expected to reach about 150 gigawatts this year, with proposals to grow to 200 gigawatts by 2030. Gas power is becoming increasingly importa...
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29.08.25 - 04:45
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Results: HARBIN ELECTRIC Interim NP RMB1.051B, Up 1.01x; Nil Div. (AAStocks)
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HARBIN ELECTRIC (01133.HK) released its interim financial results for the six months ending June 30, 2025. The company achieved revenue of RMB22.696 billion, reflecting a YoY increase of 31.5%. Net profit soared by 101.1% to RMB1.051 billion, with EPS at RMB0.47. No dividend was declared. ~AAStocks Financial NewsWeb Site: www.aa......
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22.07.25 - 04:00
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HARBIN ELECTRIC Leaps 5% at Open on Expectations of 95% Spike in 1H NP (AAStocks)
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HARBIN ELECTRIC (01133.HK), which had announced a positive profit alert earlier, opened up 5.1% this morning (22nd) at HKD8.26, with the pre-market volume of 1.914 million shares, involving HKD15.8096 million.The company announced overnight that its 1H25 net profit is expected to reach around RMB1.02 billion, marking a surge of ......
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