On July 31, HARBIN ELECTRIC rose 5.33% in regular trading, trading at 16.06 HKD/share, with turnover of 22.60 million HKD. The stock bounced sharply after consecutive sessions of decline that had pushed shares down from the mid-16 range to as low as 14.68 HKD.

The broader Heavy Electrical Equipment sector rallied in tandem, with DONGFANG ELEC up 4.58%, GOLDWIND up 3.98%, DAJIN up 4.44%, GUOXIA TECH up 4.77%, and SH ELECTRIC up 2.84%, suggesting a sector-wide recovery from recent pressure.

The rebound follows a period of sharp correction driven by Citi cutting its target price from 30 HKD to 24 HKD on July 28, alongside anti-corruption concerns after the parent company's former discipline secretary was expelled from the party and referred to judicial authorities on July 27. Despite these headwinds, Citi maintained its buy rating, and the company's fundamentals remain supported by H1 net profit of approximately 17 billion RMB, representing 61.9% year-over-year growth.

(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.)