Harbin Electric's stock experienced a sharp intraday decline, plummeting 5.14%.

The drop is attributed to investors taking profits following a significant recent rally, which was initially fueled by the successful full-load test of China's first domestically developed 16MW gas turbine natural gas combustor and the company's strong annual financial results. Furthermore, the stock was weighed down by sustained selling pressure across the broader Heavy Electrical Equipment sector, which saw collective declines for a second consecutive day.