Harbin Electric market cap is $3.4 b, and annual revenue was ¥23.38 b in FY 2020

Harbin Electric Gross profit (H1, 2021)1.3 B

Harbin Electric Net income (H1, 2021)45 M

Harbin Electric EBITDA (H1, 2021)125.8 M

Harbin Electric EBIT (H1, 2021)84 M

Harbin Electric Cash, 30-Jun-202111.8 B

Harbin Electric EV5.7 B

Harbin Electric revenue breakdown by business segment: 27.2% from ENGINEERING SERVICES & ANCILLARY EQUIPMENT FOR POWER STATIONS, 37.0% from MAIN THERMAL POWER EQUIPMENT, 10.4% from MAIN HYDRO POWER EQUIPMENT, 15.2% from AC/DC MOTORS AND OTHERS, 6.2% from NUCLEAR POWER and 4.0% from Other

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 25.5b | 22.2b | 23.4b |

## Cost of goods sold | (22.7b) | (19.2b) | (21.1b) |

## Gross profit | 3.4b | 3.6b | 2.8b |

## R&D expense | (591.9m) | (687.5m) | (976.7m) |

## Operating expense total | (2.6b) | (2.3b) | (2.1b) |

## Depreciation and amortization | (766.3m) | (785.3m) | (738.5m) |

## EBITDA | 791.3m | 1.3b | 639.4m |

## EBIT | 53.3m | 264.1m | 187.2m |

## Interest expense | (124.3m) | (121.2m) | (233.6m) |

## Interest income | 62.3m | 62.0m | 47.1m |

## Pre tax profit | 156.9m | 217.1m | 77.0m |

## Income tax expense | (54.2m) | (99.9m) | (60.9m) |

## Net Income | 102.7m | 117.2m | 16.1m |

CNY | H1, 2019 | H1, 2020 | H1, 2021 |
---|---|---|---|

## Revenue | 10.1b | 9.7b | 11.9b |

## Cost of goods sold | (8.6b) | (8.4b) | (10.6b) |

## Gross profit | 1.5b | 1.3b | 1.3b |

## R&D expense | (266.2m) | (280.8m) | (280.9m) |

## Operating expense total | (822.8m) | (786.6m) | (1.2b) |

## Depreciation and amortization | (361.6m) | ||

## EBITDA | 669.4m | 559.1m | 125.8m |

## EBIT | 411.8m | 183.1m | 84.0m |

## Pre tax profit | 397.1m | 98.9m | 88.2m |

## Income tax expense | (83.1m) | (61.7m) | (43.2m) |

## Net Income | 314.1m | 37.2m | 45.0m |

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 12.5b | 10.1b | 12.2b |

## Accounts Receivable | 6.7b | 5.8b | 6.2b |

## Prepaid Expenses | 3.6b | 2.9b | 2.9b |

## Inventories | 18.7b | 9.3b | 8.2b |

## Current Assets | 47.3b | 45.7b | 48.7b |

## PP&E | 6.5b | 6.2b | 5.8b |

## Total Assets | 56.5b | 55.1b | 58.0b |

## Accounts Payable | 13.2b | 11.9b | 13.0b |

## Short-term debt | 9.6b | 11.8b | 12.0b |

## Current Liabilities | 38.4b | 36.9b | 38.4b |

## Long-term debt | 301.0m | 566.6m | 1.9b |

## Non-Current Liabilities | 1.9b | 2.3b | 3.4b |

## Total Debt | 9.9b | 12.3b | 13.9b |

## Total Liabilities | 40.2b | 39.2b | 41.8b |

## Common Stock | 1.7b | 1.7b | 1.7b |

## Additional Paid-in Capital | 3.7b | 3.7b | 3.8b |

## Retained Earnings | 8.7b | 8.8b | 8.8b |

## Total Equity | 16.3b | 15.9b | 16.2b |

CNY | H1, 2019 | H1, 2020 | H1, 2021 |
---|---|---|---|

## Cash | 10.3b | 7.5b | 11.8b |

## Accounts Receivable | 6.9b | 6.9b | 7.7b |

## Prepaid Expenses | 4.0b | 2.8b | 4.1b |

## Inventories | 20.9b | 9.5b | 9.0b |

## Current Assets | 45.8b | 45.0b | 50.5b |

## PP&E | 6.4b | 5.9b | 5.7b |

## Goodwill | 25.0m | ||

## Total Assets | 54.8b | 54.5b | 60.0b |

## Accounts Payable | 12.8b | 12.7b | 13.6b |

## Short-term debt | 10.0b | 10.3b | 11.8b |

## Current Liabilities | 36.8b | 36.2b | 40.1b |

## Long-term debt | 780.0m | 1.4b | 2.2b |

## Non-Current Liabilities | 1.7b | 2.5b | 3.7b |

## Total Debt | 10.8b | 11.7b | 14.1b |

## Total Liabilities | 38.5b | 38.8b | 43.7b |

## Common Stock | 1.7b | 1.7b | 1.7b |

## Additional Paid-in Capital | 3.7b | 4.2b | 4.3b |

## Retained Earnings | 8.7b | 8.8b | 8.8b |

## Total Equity | 16.3b | 15.7b | 16.2b |

CNY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 102.7m | 117.2m | 16.1m |

## Depreciation and Amortization | 760.1m | 883.5m | 760.9m |

## Accounts Receivable | 4.0b | 643.8m | (1.7b) |

## Inventories | 1.7b | 1.7b | 1.0b |

## Accounts Payable | (7.9b) | (5.1b) | 1.7b |

## Cash From Operating Activities | (676.0m) | (3.4b) | 2.0b |

## Cash From Investing Activities | 1.7b | (3.1b) | (1.2b) |

## Short-term Borrowings | (4.3b) | 4.1b | 1.7b |

## Dividends Paid | (192.9m) | (168.8m) | (297.7m) |

## Cash From Financing Activities | (4.5b) | 4.0b | 1.4b |

## Net Change in Cash | (3.5b) | (2.5b) | 2.1b |

CNY | H1, 2019 | H1, 2020 | H1, 2021 |
---|---|---|---|

## Cash From Operating Activities | (4.1b) | (2.0b) | (1.3b) |

## Cash From Investing Activities | (145.8m) | (376.0m) | 1.1b |

## Short-term Borrowings | 1.9b | 184.4m | (68.2m) |

## Dividends Paid | (57.6m) | (132.3m) | (121.0m) |

## Cash From Financing Activities | 1.9b | 50.1m | (196.3m) |

## Net Change in Cash | (2.3b) | (2.3b) | (359.7m) |

CNY | FY, 2018 |
---|---|

## Revenue/Employee | 1.9m |

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

## Countries (Distribution) | 40 | ||||||

## New Contracts (Coal Power Equipment) | ¥5.63 b | ||||||

## New Contracts (Gas Power) | ¥714 m | ||||||

## New Contracts (Hydropower) | ¥5.5 b | ¥1.8 b | ¥3.19 b | ¥913 m | ¥1.67 b | ¥504 m | |

## New Contracts (Nuclear Power) | ¥6.82 b | ¥461 m | ¥431 m | ¥9 m | ¥2.66 b | ¥367 m | |

## New Contracts (Other) | ¥2.28 b | ¥2.2 b | ¥1.3 b | ¥2.89 b | ¥1.09 b | ||

## New Contracts (Power Engineering) | ¥11.42 b | ¥12.46 b | |||||

## New Contracts (Power Station Service) | ¥3.41 b | ¥3.18 b | ¥898 m | ¥3.13 b | ¥1.2 b | ||

## New Contracts (Steam Equipment) | ¥1.32 b | ¥104 m | ¥714 m | ||||

## New Contracts (Thermal Power) | ¥14.83 b | ¥3.62 b | ¥12.19 b | ¥2.3 b | ¥7.71 b | ||

## 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 | ||||||

## Production Capacity (Power Equipment), MW | 14.17 k | 7.59 k | 14.19 k | 5.94 k | 10.99 k | 10.11 k | |

## Production Capacity (Power Equipment, Steam Turbine Generators), MW | 12.27 k | 6.65 k | 11.93 k | 5.71 k | 9.18 k | 6.04 k | |

## Production Capacity (Power Equipment, Water Turbine Generators), MW | 1.9 k | 1.04 k | 2.26 k | 230 | 1.81 k | 4.07 k | |

## Production Capacity (Power Stations, Steam Turbine), MW | 9.83 k | 3.15 k | 10.03 k | 4.83 k | 9.87 k | 6.02 k | |

## Production Capacity (Power Stations, Utility Boilers), MW | 17.09 k | 6.44 k | 14.18 k | 6.92 k | 14.52 k | 6.43 k |

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

FY, 2019 | FY, 2018 | FY, 2017 | |
---|---|---|---|

Male | 82.5% | 82.1% | 81.7% |

Female | 17.5% | 17.9% | 18.3% |

- Source: www1.hkexnews.hk, www1.hkexnews.hk, www1.hkexnews.hk