Harbin Electric Co Ltd - Company Profile
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Harbin Electric Co Ltd (Harbin Electric) manufactures and sells power plant equipment. It offers thermal, hydro, nuclear, and gas turbine equipment; desulfurization and denitration equipment; petrochemical vessels, power station valves, and industrial boilers; AC and DC motors; industrial steam turbines; and fans and, control and protection devices. Improved operating performance, comprehensive offerings and focused R&D activities are its strengths, even as declining production levels could be a cause for concern. The company could benefit from power outlook in China, nuclear energy growth in Asia, and increasing thermal power adaptation in China. However raw material costs, fast technological changes, and increasing popularity of substitute energy sources could pose various challenges.
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