HARBIN ELECTRIC (01133) saw its shares rise over 4% in morning trading. At the time of writing, the stock was up 3.84% to HKD 25.44, with a turnover of HKD 69.808 million.

The uptick follows the successful full-load test run of the company's self-developed domestic first 16-megawatt gas turbine natural gas combustor. The unit operated smoothly throughout the test, with stable combustion, normal vibration, precise control system response, and all key thermal and operational parameters maintained within controllable ranges. All performance indicators met design requirements, and NOx emissions (@15% O2) were better than national standards.

Citigroup previously noted that HARBIN ELECTRIC's independently developed 16MW gas turbine is expected to complete testing in the second half of 2026, after which it could meet commercialization conditions. The bank believes the company needs to secure a domestic 16MW demonstration project to gather operational data and complete a maintenance cycle before it can pursue overseas sales.