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

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$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

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

Annual

CNY	FY, 2017	FY, 2018	FY, 2019
Revenue	32.0b	26.3b	22.9b
Revenue growth, %		(18%)	(13%)
Cost of goods sold	4.4b	3.7b	3.2b
Gross profit	27.5b	22.6b	19.7b
Gross profit Margin, %	86%	86%	86%
Sales and marketing expense	639.4m	731.2m	604.0m
R&D expense	291.5m	591.9m	687.5m
General and administrative expense	1.8b	1.3b	1.5b
Operating expense total	27.3b	22.7b	19.2b
Depreciation and amortization	181.8m	151.5m	133.2m
EBIT	434.1m	212.4m	148.4m
EBIT margin, %	1%	1%	1%
Interest expense	241.7m	124.3m	121.2m
Interest income	47.8m	62.3m	62.0m
Investment income	121.5m	139.7m	27.2m
Pre tax profit	343.4m	156.9m	217.1m
Income tax expense	82.4m	54.2m	99.9m
Net Income	261.0m	102.7m	117.2m
EPS	0.1	0.0	0.1

Half Year

CNY	H1, 2018	H1, 2019	H1, 2020
Revenue	13.0b	10.1b	9.8b
Cost of goods sold	1.6b	1.1b	1.1b
Gross profit	11.4b	9.0b	8.7b
Gross profit Margin, %	87%	89%	89%
Sales and marketing expense	237.4m	228.1m	202.2m
R&D expense	137.7m	266.2m	280.8m
General and administrative expense	757.9m	536.3m	442.1m
Operating expense total	11.2b	8.6b	8.3b
EBIT	183.4m	124.8m	97.9m
EBIT margin, %	1%	1%	1%
Interest expense	86.4m	44.9m	109.0m
Interest income	29.4m	25.8m	21.7m
Investment income	42.5m	16.5m	15.2m
Pre tax profit	144.8m	137.1m	98.9m
Income tax expense	78.5m	83.1m	61.7m
Net Income	66.2m	54.1m	37.2m
EPS	0.0	0.0	0.0

Annual

CNY	FY, 2017	FY, 2018	FY, 2019
Cash	16.2b	12.5b	10.1b
Accounts Receivable	10.6b	6.7b	5.8b
Prepaid Expenses	3.2b	3.6b	2.9b
Inventories	15.5b	10.5b	9.3b
Current Assets	56.0b	47.3b	45.7b
PP&E	6.0b	5.9b	5.9b
Total Assets	64.8b	56.5b	55.1b
Accounts Payable	14.1b	13.2b	11.9b
Dividends Payable	3.6m
Short-term debt	11.6b	7.6b	11.2b
Current Liabilities	47.1b	38.4b	36.9b
Long-term debt	200.0m	300.0m	565.6m
Non-Current Liabilities	1.6b	1.9b	2.3b
Total Debt	11.8b	7.9b	11.8b
Total Liabilities	48.7b	40.2b	39.2b
Additional Paid-in Capital	1.7b	1.7b	1.7b
Retained Earnings	8.6b	8.7b	8.8b
Total Equity	16.1b	16.3b	15.9b
Debt to Equity Ratio	0.7 x	0.5 x	0.7 x
Debt to Assets Ratio	0.2 x	0.1 x	0.2 x
Financial Leverage	4 x	3.5 x	3.5 x

Half Year

CNY	H1, 2018	H1, 2019	H1, 2020
Cash	9.6b	10.3b	7.5b
Accounts Receivable	11.5b	6.9b	6.9b
Prepaid Expenses	4.0b	4.0b	2.8b
Inventories	11.0b	11.0b	9.5b
Current Assets	47.7b	45.8b	45.0b
PP&E	5.8b	5.9b	5.7b
Total Assets	56.5b	54.8b	54.5b
Accounts Payable	13.6b	12.8b	12.7b
Short-term debt	6.1b	9.2b	9.7b
Current Liabilities	38.4b	36.8b	36.2b
Long-term debt	500.0m	300.0m	905.4m
Non-Current Liabilities	1.9b	1.7b	2.5b
Total Debt	6.6b	9.5b	10.6b
Total Liabilities	40.3b	38.5b	38.8b
Additional Paid-in Capital	1.7b	1.7b	1.7b
Retained Earnings	8.7b	8.7b	8.8b
Total Equity	16.2b	16.3b	15.7b
Debt to Equity Ratio	0.4 x	0.6 x	0.7 x
Debt to Assets Ratio	0.1 x	0.2 x	0.2 x
Financial Leverage	3.5 x	3.4 x	3.5 x

Annual

CNY	FY, 2017	FY, 2018	FY, 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

CNY	H1, 2018	H1, 2019	H1, 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)	1.9b	50.1m
Net Change in Cash	(6.3b)	(2.3b)	(2.3b)

CNY	FY, 2017
Revenue/Employee	2.1m
Debt/Equity	0.7 x
Debt/Assets	0.2 x
Financial Leverage	4 x

	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