On August 5, HARBIN ELECTRIC rose 5.4% in regular trading, trading at 17.62 HKD/share, with turnover of approximately 34.73 million HKD.
The rally was driven by multiple catalysts. The company previously issued a positive profit alert, forecasting H1 attributable net profit of approximately RMB 1.7 billion, representing a 61.9% year-over-year increase that significantly exceeded market expectations. The improvement was attributed to steady revenue growth and enhanced gross margins through quality and efficiency initiatives.
Additionally, on August 1, Hainan Changjiang Nuclear Power Phase II Unit 3 achieved grid connection, with HARBIN ELECTRIC supplying critical core equipment including the turbine generator set and reactor coolant pumps. UBS previously highlighted the company's potential inclusion in Stock Connect in August as an additional re-rating catalyst. Citi maintains a Buy rating with a 24 HKD target price, noting the company will benefit from incremental hydro and nuclear capacity under the national planning framework. Within the Heavy Electrical Equipment sector, DONGFANG ELEC rose 2.33%, GOLDWIND rose 2.11%, and SH ELECTRIC rose 0.89%.
(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.)
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