On July 28, HARBIN ELECTRIC fell 5.14% in regular trading, trading at 15.29 HKD/share, with turnover of approximately 35.47 million HKD. The decline comes amid continued sector-wide selling pressure in the power equipment space.

The Heavy Electrical Equipment sector experienced broad-based weakness, with DAJIN down 6.12%, GOLDWIND down 4.12%, DONGFANG ELEC down 4.02%, GUOXIA TECH down 3.74%, and SH ELECTRIC down 0.62%. Market reports indicate multiple major banks have recently lowered target prices across the power sector, while electricity price cuts exceeding earlier expectations have further weighed on sentiment.

HARBIN ELECTRIC had previously surged over 23% on July 21 following a positive profit alert showing H1 net profit of approximately RMB 17 billion, a 62% year-over-year increase, along with a UBS \"Buy\" rating with a 45 HKD target price. The stock has since retreated from those gains, with the current decline reflecting continued profit-taking and broader sector headwinds following the rapid rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)