Harbin Electric(01133.HK): Achieve a net profit attributable to parent company of 2.666 billion yuan in 2025

Gelonghui March 26 | Harbin Electric (01133.HK) announced its 2025 annual results. In 2025, the company achieved operating revenue of RMB 45.698 billion (the same applies below), a year-over-year increase of 19.32%. Of this, new-type power equipment was RMB 2,908.384 million, up 7.77% (including coal-fired power equipment of RMB 1,852.659 million, up 16.19%; hydropower equipment of RMB 395.867 million, down 8.1%; nuclear power equipment of RMB 438.281 million, up 3.52%; and gas-fired power equipment of RMB 87.335 million, down 55.26%); green and low-carbon driving equipment was RMB 346.84 million, down 47.52%; clean and efficient industrial systems were RMB 461.598 million, up 1.76%; EPC contracting and trading was RMB 792.248 million, up 100.84%; and modern manufacturing services were RMB 333.567 million, up 88.70%.

In 2025, the company’s net profit attributable to owners of the parent company was RMB 2.666 billion, a year-over-year increase of RMB 98.024 million; earnings per share were RMB 1.19. The main reasons for the company’s profit growth are: the company has made strong efforts to develop the market and has achieved positive results, with operating revenue significantly increasing compared with the same period last year; at the same time, the product gross margin level increased compared with the same period last year, and profitability was further enhanced. The company plans to pay a final dividend for 2025 of RMB 0.358 per share (inclusive of tax).