Harbin Electric Company Limited has entered into a Capital Injection Agreement with its subsidiary, Jiamusi Electric and Power Equipment Company. The agreement aims to bolster the subsidiary's operations and financial standing. The evaluation of Power Equipment Company indicates a consistent cash flow without seasonality and a continued certification as a high-tech enterprise, allowing it to benefit from a favorable 15% income tax rate. As of the Valuation Benchmark Date on 31 December 2024, there is a noted difference between the book value and appraised value of the company. The agreement underscores the company's commitment to maintaining stable operations and leveraging its high-tech status for future growth.
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