Harbin Electric Reports 77% Increase in Net Profit After Tax for 2024, Surpassing 2023 Figures

Reuters

06-30

Harbin Electric Reports 77% Increase in Net Profit After Tax for 2024, Surpassing 2023 Figures

Harbin Electric Company Limited has released its financial results for the years ended December 31, 2023, and December 31, 2024. The company reported a net profit before tax of RMB1.117 billion for 2023, which increased to RMB1.772 billion in 2024. Net profit after tax also saw a significant rise from RMB875.4 million in 2023 to RMB1.554 billion in 2024. In a significant development, the company entered into a Capital Injection Agreement with its subsidiary Jiamusi Electric and Power Equipment Company on June 30, 2025. This agreement entails a capital injection of RMB140 million by Harbin Electric Company Limited and RMB483.26 million by Jiamusi Electric into Power Equipment Company. This move indicates the company's strategic direction towards strengthening its subsidiaries. The financial results reflect a strong performance with substantial growth in net profits year-on-year. Harbin Electric continues to focus on its expansion and investment strategies to enhance its market position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harbin Electric Company Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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The company reported a net profit before tax of RMB1.117 billion for 2023, which increased to RMB1.772 billion in 2024. Net profit after tax also saw a significant rise from RMB875.4 million in 2023 to RMB1.554 billion in 2024. In a significant development, the company entered into a Capital Injection Agreement with its subsidiary Jiamusi Electric and Power Equipment Company on June 30, 2025. This agreement entails a capital injection of RMB140 million by Harbin Electric Company Limited and RMB483.26 million by Jiamusi Electric into Power Equipment Company. This move indicates the company's strategic direction towards strengthening its subsidiaries. The financial results reflect a strong performance with substantial growth in net profits year-on-year. Harbin Electric continues to focus on its expansion and investment strategies to enhance its market position.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harbin Electric Company Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0071","symbol_name":"ST概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL9n02SW:1","article_id":"2547095976","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547095976","pubTimestamp":1751282402,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Harbin Electric Company Limited has released its financial results for the years ended December 31, 2023, and December 31, 2024. 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Net profit after tax also saw a significant rise from RMB875.4 million in 2023 to RMB1.554 billion in 2024. In a significant development, the company entered into a Capital Injection Agreement with its subsidiary Jiamusi Electric and Power Equipment Company on June 30, 2025. This agreement entails a capital injection of RMB140 million by Harbin Electric Company Limited and RMB483.26 million by Jiamusi Electric into Power Equipment Company. This move indicates the company's strategic direction towards strengthening its subsidiaries. The financial results reflect a strong performance with substantial growth in net profits year-on-year. Harbin Electric continues to focus on its expansion and investment strategies to enhance its market position.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harbin Electric Company Limited published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}