HARBIN ELECTRIC (01133) announced its interim results for 2025, reporting total operating revenue of approximately 22.696 billion yuan, representing a year-on-year increase of 31.49%. Net profit attributable to shareholders reached approximately 1.051 billion yuan, up 101.06% year-on-year, with basic earnings per share of 0.47 yuan.

In the first half of 2025, the company secured formal contract signings totaling 35.561 billion yuan, up 36.64% year-on-year. This included new power equipment contracts of 19.195 billion yuan, down 1.39% (comprising coal-fired power equipment of 11.286 billion yuan, up 4.17%; hydropower equipment of 5.996 billion yuan, up 34.26%; nuclear power equipment of 867 million yuan, down 71.64%). Green and low-carbon drive equipment contracts totaled 376 million yuan, down 39.65%. Clean and efficient industrial systems reached 1.792 billion yuan, down 33.08%. Engineering, procurement, and construction (EPC) and trading contracts amounted to 10.485 billion yuan, up 3,618.09%. Modern manufacturing services recorded 3.713 billion yuan, up 24.76%.

The company achieved export orders of 11.874 billion yuan, representing a significant increase of 945.25% year-on-year.

During the period, the company produced 20.12 million kilowatts of power generation equipment, up 39.05% year-on-year. This included 4.64 million kilowatts of hydro turbine generators, up 13.45%; 15.48 million kilowatts of steam turbine generators, up 49.13%; 1.30 million kilowatts of power station boilers, down 58.20%; and 9.49 million kilowatts of power station steam turbines, up 3.72%.