Movement Alert｜Harbin Electric Rises 5.14% in Regular Trading, Subsidiary Nuclear Power Business High Growth Boosts Sentiment

Market Focus06-22

On June 22, Harbin Electric rose 5.14% in regular trading, trading at 17.38 HKD/share, with turnover of 131 million HKD.

On the news front, the company's controlling subsidiary Jiadian Co., Ltd. has attracted strong market attention recently due to its fourth-generation nuclear power main helium blower contract wins and robust earnings growth. Jiadian secured 18 out of 24 publicly disclosed high-temperature gas-cooled reactor main helium blower units in domestic bidding, with products already deployed at the world's first commercially operating Shandong Shidaowan high-temperature gas-cooled reactor. Its nuclear power product revenue reached 998 million RMB, up 14.80% year-over-year, with contracted but unfulfilled performance obligations corresponding to 5.054 billion RMB in revenue. Additionally, Jiadian reported Q1 net profit attributable to shareholders of 80.45 million RMB, a 46.03% year-over-year increase, providing valuation support for the parent company.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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