Harbin Electric (1133.HK) stock price, revenue, and financials

Harbin Electric market cap is $4.8 b, and annual revenue was ¥22.9 b in FY 2019

$4.8 B

1133.HK Mkt cap, 03-Sept-2021

¥9.8 B

Harbin Electric Revenue H1, 2020
Harbin Electric Gross profit (H1, 2020)8.7 B
Harbin Electric Gross profit margin (H1, 2020), %88.8%
Harbin Electric Net income (H1, 2020)37.2 M
Harbin Electric EBIT (H1, 2020)97.9 M
Harbin Electric Cash, 30-Jun-20207.5 B
Harbin Electric EV7.9 B
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Harbin Electric Revenue

Harbin Electric revenue was ¥22.9 b in FY, 2019 which is a 12.9% year over year decrease from the previous period.

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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

Harbin Electric Income Statement

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

Gross profit Margin, %

86%86%86%

Sales and marketing expense

639.4m731.2m604.0m

R&D expense

291.5m591.9m687.5m

General and administrative expense

1.8b1.3b1.5b

Operating expense total

27.3b22.7b19.2b

Depreciation and amortization

181.8m151.5m133.2m

EBIT

434.1m212.4m148.4m

EBIT margin, %

1%1%1%

Interest expense

241.7m124.3m121.2m

Interest income

47.8m62.3m62.0m

Investment income

121.5m139.7m27.2m

Pre tax profit

343.4m156.9m217.1m

Income tax expense

82.4m54.2m99.9m

Net Income

261.0m102.7m117.2m

EPS

0.10.00.1

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%

Sales and marketing expense

237.4m228.1m202.2m

R&D expense

137.7m266.2m280.8m

General and administrative expense

757.9m536.3m442.1m

Operating expense total

11.2b8.6b8.3b

EBIT

183.4m124.8m97.9m

EBIT margin, %

1%1%1%

Interest expense

86.4m44.9m109.0m

Interest income

29.4m25.8m21.7m

Investment income

42.5m16.5m15.2m

Pre tax profit

144.8m137.1m98.9m

Income tax expense

78.5m83.1m61.7m

Net Income

66.2m54.1m37.2m

EPS

0.00.00.0

Harbin Electric Balance Sheet

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

Current Assets

56.0b47.3b45.7b

PP&E

6.0b5.9b5.9b

Total Assets

64.8b56.5b55.1b

Accounts Payable

14.1b13.2b11.9b

Dividends Payable

3.6m

Short-term debt

11.6b7.6b11.2b

Current Liabilities

47.1b38.4b36.9b

Long-term debt

200.0m300.0m565.6m

Non-Current Liabilities

1.6b1.9b2.3b

Total Debt

11.8b7.9b11.8b

Total Liabilities

48.7b40.2b39.2b

Additional Paid-in Capital

1.7b1.7b1.7b

Retained Earnings

8.6b8.7b8.8b

Total Equity

16.1b16.3b15.9b

Debt to Equity Ratio

0.7 x0.5 x0.7 x

Debt to Assets Ratio

0.2 x0.1 x0.2 x

Financial Leverage

4 x3.5 x3.5 x

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

Current Assets

47.7b45.8b45.0b

PP&E

5.8b5.9b5.7b

Total Assets

56.5b54.8b54.5b

Accounts Payable

13.6b12.8b12.7b

Short-term debt

6.1b9.2b9.7b

Current Liabilities

38.4b36.8b36.2b

Long-term debt

500.0m300.0m905.4m

Non-Current Liabilities

1.9b1.7b2.5b

Total Debt

6.6b9.5b10.6b

Total Liabilities

40.3b38.5b38.8b

Additional Paid-in Capital

1.7b1.7b1.7b

Retained Earnings

8.7b8.7b8.8b

Total Equity

16.2b16.3b15.7b

Debt to Equity Ratio

0.4 x0.6 x0.7 x

Debt to Assets Ratio

0.1 x0.2 x0.2 x

Financial Leverage

3.5 x3.4 x3.5 x

Harbin Electric Cash Flow

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)

Dividends Paid

(178.1m)(192.9m)(168.8m)

Cash From Financing Activities

2.3b(4.5b)4.0b

Net Change in Cash

(2.0b)(3.5b)(2.5b)

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)

Dividends Paid

(269.2m)(57.6m)(132.3m)

Cash From Financing Activities

(4.6b)1.9b50.1m

Net Change in Cash

(6.3b)(2.3b)(2.3b)

Harbin Electric Ratios

CNYFY, 2017

Revenue/Employee

2.1m

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

4 x

Harbin Electric Operating Metrics

FY, 2016FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 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 k7.59 k14.19 k5.94 k10.99 k10.11 k

Production Capacity (Power Equipment, Steam Turbine Generators), MW

12.27 k6.65 k11.93 k5.71 k9.18 k6.04 k

Production Capacity (Power Equipment, Water Turbine Generators), MW

1.9 k1.04 k2.26 k2301.81 k4.07 k

Production Capacity (Power Stations, Steam Turbine), MW

9.83 k3.15 k10.03 k4.83 k9.87 k6.02 k

Production Capacity (Power Stations, Utility Boilers), MW

17.09 k6.44 k14.18 k6.92 k14.52 k6.43 k

Harbin Electric Human Capital

Harbin Electric's employees are reported to be approximately 17% female and 83% male.
FY, 2019FY, 2018FY, 2017
Male82.5%82.1%81.7%
Female17.5%17.9%18.3%