Harbin Electric Co Ltd

Overview

Harbin Electric Co Ltd (Harbin Electric), a subsidiary of Harbin Electric Corp, is a power equipment company that manufactures and sells power plant equipment. It offers hydro, thermal, nuclear and gas turbine equipment; desulfurization and denitration equipment; power station valves, petrochemical vessels, and industrial boilers; AC and DC motors; industrial steam turbines; and fans and control and protection devices. The company also provides engineering, contracting and electrical equipment export services for thermal and hydro power stations, turnkey combined cycle power plant engineering and construction of transport substation facilities and utilities. It exports the products to South Asia, South East Asia, South America, and North East Africa. Harbin Electric is headquartered in Harbin, Heilongjiang, China.
Key Stats
Address
1399 Chuangxinyi Road, Songbei District, Harbin, Heilongjiang
Headquarters

China

Contact

86 451 82135727

Website
www.hpec.com
No of Employees

16,857

Industry

Power

Ticker Symbol & Exchange​

1133 [HKG]

Revenue (2020)

$3,478 m

4.9% (2020 vs 2019)
Net Income (2020)

$-1 m

-106.5% (2020 vs 2019)
Net Profit Margin

-0 %

-106.5% (2020 vs 2019)
Market Cap *

$714 m

EPS *

$-0

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Harbin Electric Co LtdFuji Electric Co LtdDongfang Electric Corporation LtdHangzhou Steam Turbine Co Ltd
Key Information
Headquarters China Japan China China
Headquarter City Harbin SHINAGAWA-KU CHENGDU HANGZHOU
Headquarter State/Province Heilongjiang Tokyo Sichuan Zhejiang
No. of Employees 16,857 27,593 17,336 3,348
Entity Type Public Public Public Public

Products & Services

Harbin Electric carries out the manufacturing of power plant equipment in China. Its key products include the following:

Products
  • Boilers
  • Steam Turbines
  • Steam Turbine Generators
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Services
  • EPC
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Si Zefu Director; Chairman Executive Board - - Mr. Si Zefu has been Chairman of the company since 2016. Prior to this, Mr. Si Zefu held various senior...
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History

Year Event Description
2020 Contracts/Agreements In September, the company entered in to an agreement with for the supply of steam…
2020 Contracts/Agreements n November, the company along with GE secured contract from Guangdong Energy Group to provide…
2019 Contracts/Agreements In July, the company entered into a joint venture with ACWA power and formed ACWA…
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Locations


Harbin Boiler Co Ltd

Address

No. 309, 3 Power Switchboard Road, Xiangfang, Harbin
China

Telephone

86 451 82198888

Website

www.hbc.com.cn
Harbin Electric Power Equipment Co Ltd

Address

6th CA South Road, Harbin
China

Telephone

86 451 87372066

Website

www.hpc-china.com
Harbin Electric Machinery Co Ltd

Address

No 99 Sandadongli Road, Xiangfang District, Harbin
China

Telephone

86 451 82872091

Website

www.hec-china.com
Harbin Electric International Co Ltd

Address

No.1299 Chuangxinyi Road, Harbin
China

Telephone

86 451 58591111

Website

china-hei.com
Harbin Turbine Co Ltd

Address

345 Sandadongli Road, Harbin
China

Telephone

86 451 82952888

Website

www.htc.com.cn

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
14 Dec 2020 Jiamusi Electric Machine to Acquire 51% Stake in Harbin Electric Power Equipment Acquisition Jiamusi Electric Machine Company Limited Harbin Electric Power Equipment Co Ltd
28 Nov 2019 Harbin Electric to Acquire 10.37% Stake in Harbin Electric Machinery from China Huarong Asset Management for USD38.7 Million Acquisition Harbin Electric Co Ltd Harbin Electric Machinery Co Ltd
28 Nov 2019 Harbin Electric to Acquire 5.22% Stake in Harbin Boiler Company from China Huarong Asset Management for USD21.8 Million Acquisition Harbin Electric Co Ltd Harbin Boiler Co Ltd
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