Harbin Electric (01133) saw its share price climb 8.74% in the afternoon session, trading at HKD 20.52 with a turnover of HKD 180 million.

According to a recent company announcement, Harbin Electric anticipates achieving a net profit attributable to owners of the parent company of approximately RMB 2.65 billion for the 2025 fiscal year. This represents a substantial 57% increase compared to the approximately RMB 1.686 billion recorded in the same period last year.

Notably, Jereh Group recently announced the signing of a RMB 1.265 billion sales contract for gas turbine generator sets destined for a US data center. SDIC Securities previously pointed out that the burgeoning AIDC industry is profoundly benefiting the gas turbine sector, which is riding the wave of expanding capital expenditure in computing power. Against a backdrop of slow overseas parts capacity expansion and a significant backlog of orders at OEMs, the firm recommends focusing on segments with strong customer positioning, rigid supply chains, and high certainty of volume growth.