Harbin Electric (HKG:1133) expects the net profit attributable to the owners of the parent for the first half of 2024 to be about 530.0 million yuan, increased significantly from the 85.0 million from the corresponding period a year ago, a Monday filing with the Hong Kong Exchange said.
The company attributed the increase in profit to market development by the company, an increase in operating revenue, and a year-on-year increase in gross profit margin.
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