Harbin Electric (HKG:1133) First Half 2024 Results
Key Financial Results
- Revenue: CN¥17.0b (up 26% from 1H 2023).
- Net income: CN¥522.7m (up by CN¥437.8m from 1H 2023).
- Profit margin: 3.1% (up from 0.6% in 1H 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.23 (up from CN¥0.05 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harbin Electric Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electrical industry in Hong Kong.
Performance of the Hong Kong Electrical industry.
The company's shares are up 12% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Harbin Electric (including 1 which is potentially serious).
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