Movement Alert|Harbin Electric Rises 5.14% in Regular Trading, Subsidiary Nuclear Power Business High Growth Boosts Sentiment

Market Focus
06/22

On June 22, Harbin Electric rose 5.14% in regular trading, trading at 17.38 HKD/share, with turnover of 131 million HKD.

On the news front, the company's controlling subsidiary Jiadian Co., Ltd. has attracted strong market attention recently due to its fourth-generation nuclear power main helium blower contract wins and robust earnings growth. Jiadian secured 18 out of 24 publicly disclosed high-temperature gas-cooled reactor main helium blower units in domestic bidding, with products already deployed at the world's first commercially operating Shandong Shidaowan high-temperature gas-cooled reactor. Its nuclear power product revenue reached 998 million RMB, up 14.80% year-over-year, with contracted but unfulfilled performance obligations corresponding to 5.054 billion RMB in revenue. Additionally, Jiadian reported Q1 net profit attributable to shareholders of 80.45 million RMB, a 46.03% year-over-year increase, providing valuation support for the parent company.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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