Harbin Electric (01133) fell more than 3%, dropping 2.94% to HK$20.5 by the time of writing, with a turnover of HK$39.8072 million. According to a research report from Citigroup, Harbin Electric anticipates that China will approve an average of 10 new nuclear power units annually for the foreseeable future. The group noted that bidding prices for nuclear power equipment saw a slight increase in 2025 and are expected to rise modestly again this year. While Citigroup views Harbin Electric's valuation as attractive, it has lowered its net profit forecast for the company by 4% for next year, citing lower expected revenue from coal-fired power generation equipment. The report also mentioned that two of Harbin Electric's EPC projects in Saudi Arabia are located away from conflict zones and remain unaffected. However, due to safety concerns, the company has evacuated some staff from the region, though it does not anticipate any significant operational impact.