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. 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 Asia, America, Europe and Africa. Harbin Electric is headquartered in Harbin, Heilongjiang, China.
Headquarters
China
Address
1399 Innovation 1st Road, Songbei District, Haerbin, Heilongjiang, 150028
Website
www.hpec.com
Telephone
86 451 82135727
No of Employees
11,746
Industry
Power
Ticker Symbol & Exchange
1133 (HKG)
Revenue (2022)
$3.7B
15.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
102.4%
(2022 vs 2021)
Market Cap*
$644.9M
Net Profit Margin (2022)
XYZ
102.0%
(2022 vs 2021)
* As of and is in US$
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 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. |
| 2022 | Commercial Operation | In March, the company put into place the world's first supercritical gas generator. |
Competitor Comparison
| Key Parameters | Harbin Electric Co Ltd | Dongfang Electric Corporation Ltd | Fuji Electric Co Ltd | Hangzhou Steam Turbine Power Group Co Ltd | Jiangsu Shemar Electric Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | Japan | China | China |
| City | Haerbin | Chengdu | Shinagawa-Ku | Hangzhou | Nantong |
| State/Province | Heilongjiang | Sichuan | Tokyo | Zhejiang | Jiangsu |
| No. of Employees | 11,746 | 17,059 | 27,123 | 3,985 | 1,499 |
| 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 | 61 |
| Wu Weizhang | Director; President | Executive Board | 2013 | 61 |
| Zhang Yingjian | Director | Executive Board | 2022 | 59 |
| Huang Wei | Director | Executive Board | 2023 | 57 |
| Lu Zhiqiang | Senior Vice President | Senior Management | - | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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