OverviewSuggest Edit

Harbin Electric (HE) is a power plant equipment manufacturing company. It offers power generation equipment, nuclear, hydropower, coal, and gas power systems, electric-driven devices, AC and DC motors, gas turbines, and other products.
TypePublic
Founded1983
HQHarbin, CN
Websiteen.harbin-electric.com

Locations

Harbin Electric is headquartered in
Harbin, China

Location Map

Latest Updates

Employees (est.) (Dec 2019)14,394(+5%)
Revenue (FY, 2019)¥22.9 B(-12%)
Share Price (Jul 2021)$2
Cybersecurity ratingCMore

Key People/Management at Harbin Electric

Si Zefu

Si Zefu

Chairman of the Board, Harbin Electric Corporation and Harbin Electric Company
Sun Zhiyong

Sun Zhiyong

Deputy Secretary of the CPC Party Committee
Wu Weizhang

Wu Weizhang

Deputy Secretary of the CPC Party Committee, Director and President of Harbin Electric Corporation
Song Shiqi

Song Shiqi

Vice President, Harbin Electric Corporation; Director and Senior Vice President, Harbin Electric Company
Zhang Yingjian

Zhang Yingjian

Member of the Party Standing Committee and Vice President
Liu Zhiquan

Liu Zhiquan

Chief Accountant
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Harbin Electric Office Locations

Harbin Electric has an office in Harbin
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Harbin Electric Financials and Metrics

Harbin Electric Revenue

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Harbin Electric's revenue was reported to be ¥22.9 b in FY, 2019 which is a 12.9% decrease from the previous period.
CNY

Revenue (H1, 2020)

9.8b

Gross profit (H1, 2020)

8.7b

Gross profit margin (H1, 2020), %

88.8%

Net income (H1, 2020)

37.2m

EBIT (H1, 2020)

97.9m

Market capitalization (19-Jul-2021)

3.5b

Closing stock price (19-Jul-2021)

2.0

Cash (30-Jun-2020)

7.5b

EV

6.6b
Harbin Electric's current market capitalization is $3.5 b.
Annual
CNYFY, 2017FY, 2018FY, 2019

Revenue

32.0b26.3b22.9b

Revenue growth, %

(18%)(13%)

Cost of goods sold

4.4b3.7b3.2b

Gross profit

27.5b22.6b19.7b
Half Year
CNYH1, 2018H1, 2019H1, 2020

Revenue

13.0b10.1b9.8b

Cost of goods sold

1.6b1.1b1.1b

Gross profit

11.4b9.0b8.7b

Gross profit Margin, %

87%89%89%
Annual
CNYFY, 2017FY, 2018FY, 2019

Cash

16.2b12.5b10.1b

Accounts Receivable

10.6b6.7b5.8b

Prepaid Expenses

3.2b3.6b2.9b

Inventories

15.5b10.5b9.3b
Half Year
CNYH1, 2018H1, 2019H1, 2020

Cash

9.6b10.3b7.5b

Accounts Receivable

11.5b6.9b6.9b

Prepaid Expenses

4.0b4.0b2.8b

Inventories

11.0b11.0b9.5b
Annual
CNYFY, 2017FY, 2018FY, 2019

Cash From Operating Activities

(2.7b)(676.0m)(3.4b)

Purchases of PP&E

(1.0b)(398.7m)(492.1m)

Cash From Investing Activities

(1.5b)1.7b(3.1b)

Long-term Borrowings

(136.1m)(5.4b)(4.2b)
Half Year
CNYH1, 2018H1, 2019H1, 2020

Cash From Operating Activities

(1.3b)(4.1b)(2.0b)

Purchases of PP&E

(195.6m)(243.6m)(92.5m)

Cash From Investing Activities

(321.8m)(145.8m)(376.0m)

Long-term Borrowings

(5.0b)(414.9m)(1.2b)
CNYFY, 2017

Revenue/Employee

2.1m

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

4 x
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Harbin Electric Operating Metrics

FY, 2016FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020

Countries (Distribution)

40

New Contracts Volume

¥34.16 b¥8.65 b¥33.74 b¥6.13 b¥30.19 b¥8.81 b

Patents

1.93 k

Power Plants

500
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Harbin Electric Acquisitions / Subsidiaries

Company NameDateDeal Size
Chengdu Sanliya Technology Company
Harbin Boiler Company Limited
Harbin Electric Corporation Finance Co., Ltd.
Harbin Electric Corporation Finance Company Limited
Harbin Electric Corporation (QHD) Heavy Equipment Company Limited
Harbin Electric Group Shanxi Environmental Protection Engineering Co., Ltd.
Harbin Electric (H.E) Corporation
Harbin Electric International Co., Ltd.
Harbin Electric Leasing (Tianjin) Co., Ltd.
Harbin Electric Machinery Co., Ltd.
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Harbin Electric Revenue Breakdown

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Harbin Electric revenue breakdown by business segment: 37.1% from Thermal Power Equipment, 11.9% from Hydropower Host Equipment, 24.2% from Power Station Engineering Services, 5.3% from Power Station Auxiliary Equipment and Ancillary Products, 5.7% from Nuclear Products and 15.8% from AC and DC Motors and Other

Harbin Electric revenue breakdown by geographic segment: 75.8% from China, 19.2% from The United Arab Emirates and 5.0% from Other

Human Capital Metrics

Harbin Electric's employees are reported to be approximately 17% female and 83% male.
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Harbin Electric Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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Harbin Electric Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Harbin Electric Online and Social Media Presence

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Harbin Electric Frequently Asked Questions

  • When was Harbin Electric founded?

    Harbin Electric was founded in 1983.

  • Who are Harbin Electric key executives?

    Harbin Electric's key executives are Si Zefu, Sun Zhiyong and Wu Weizhang.

  • How many employees does Harbin Electric have?

    Harbin Electric has 14,394 employees.

  • What is Harbin Electric revenue?

    Latest Harbin Electric annual revenue is ¥22.9 b.

  • What is Harbin Electric revenue per employee?

    Latest Harbin Electric revenue per employee is ¥1.6 m.

  • Who are Harbin Electric competitors?

    Competitors of Harbin Electric include Jiangsu Zhongtian Technology, Luxshare Precision and CHINT.

  • Where are Harbin Electric offices?

    Harbin Electric has an office in Harbin.

  • How many offices does Harbin Electric have?

    Harbin Electric has 1 office.