Harbin Electric Co Ltd - Company Profile
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Harbin Electric Co Ltd (Harbin Electric), a subsidiary of Harbin Electric Corp, 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. Financial performance, comprehensive offerings, and focused R&D activities are its strengths, even as overdependence on new electric power equipment segment could be a cause for concern. The company could benefit from the capital expenditure plan, Contracts, and power market outlook: China. However raw material costs, fast technological changes, and the increasing popularity of substitute energy sources could pose various challenges.
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