Harbin Electric Co Ltd - Company Profile
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Harbin Electric Co Ltd (Harbin Electric), a subsidiary of Harbin Electric Corp, is a power equipment company that manufactures and sells power plant equipment. The company's primary activities involve the research and development, design, and manufacturing of power generation equipment. Harbin Electric’s product portfolio includes equipment for nuclear power, hydropower, coal power, gas power, ship power plants, and electric-driven devices, as well as turnkey power plant projects. The company’s products find application across various industries including oil refining, chemical, machinery, metallurgy, nuclear power, and military. The company's products have been exported to Asia, Africa, Europe, and South America. Harbin Electric is headquartered in Harbin, Heilongjiang, China.
Headquarters
China
Address
1399 Chuangxinyi Road, Harbin, Heilongjiang, 150028
Website
www.hpec.com
Telephone
86 451 87998100
No of Employees
11,415
Industry
Power
Ticker Symbol & Exchange
1133 (HKG)
Revenue (2025)
$6.4B
19%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
58.2%
(2025 vs 2024)
Market Cap*
$6.9B
Net Profit Margin (2025)
XYZ
33.1%
(2025 vs 2024)
* As of and is in US$
Harbin Electric Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Boilers | EPC Services |
| Steam Turbines | |
| Steam Turbine Generators | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company entered into an agreement with GE Vernova’s Gas Power for two GE 9HA.02 gas turbines for a new combined cycle power plant located in the Zhoushan archipelago in Zhejiang Province, China. |
| 2023 | Contracts/Agreements | In September, the company signed an agreement to acquire a 25% stake in Harbin Power Equipment National Engineering Research Center. |
| 2023 | Contracts/Agreements | In August, the company entered into an agreement with China China Power Engineering Northeast Institute for the 590 MW combined cycle power plant project in Anwara, Bangladesh. |
Competitor Comparison
| Key Parameters | Harbin Electric Co Ltd | Dongfang Electric Corp Ltd | Fuji Electric Co Ltd | Jiangsu Shemar Electric Co Ltd | Hangzhou Turbine Power Group Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | Japan | China | China |
| City | Harbin | Chengdu | Shinagawa-Ku | Nantong | Hangzhou |
| State/Province | Heilongjiang | Sichuan | Tokyo | Jiangsu | Zhejiang |
| No. of Employees | 11,415 | 18,033 | 27,391 | 1,826 | 145 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cao Zhi-an | Chairman | Executive Board | 2021 | 65 |
| Huang Wei | Director; President | Executive Board | 2023 | 62 |
| Qiu Xiliang | Vice President | Senior Management | 2021 | 59 |
| Wang Gui | Vice President | Senior Management | 2021 | 60 |
| Du Xing-kai | Senior Vice President | Senior Management | 2022 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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