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harbin electric co ltd-h (1133) Details

Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People’s Republic of China. It provides thermal power main equipment, including boilers, steam turbines, and steam turbine generators, as well as clean coal combustion equipment; hydro power main equipment, such as hydro power generators units; nuclear power main equipment comprising nuclear island and conventional island equipment for nuclear power plants; and a set of steam power equipment, including 9F/9H class gas turbine, and combined gas and steam cycle sets. The company also offers clean energy products that comprise solar energy, hydro power, and desalination products; and ancillary equipment for power stations, industrial boilers, industrial steam turbines, control devices, and AC/DC motors, as well as valves for power stations, pressure vessels and axial compressors, etc. In addition, it is involved in the construction of power station projects; contract supply of various sets of thermal and hydro power equipment; import and export of equipment for power stations; the provision of after sales service for power station equipment products; research and development of engineering technology for turnkey power equipment and its ancillary products; and provision of technology transfer, and technical consultation and services, as well as environmental protection engineering services, such as desulfation, denitrification, and dust removal. The company is based in Harbin, the People’s Republic of China. Harbin Electric Company Limited is a subsidiary of Harbin Electric Corporation.

17,277 Employees
Last Reported Date: 08/25/16

harbin electric co ltd-h (1133) Top Compensated Officers

President, General Manager, Executive Directo...
Total Annual Compensation: CNY551.7K
Senior Vice President and Executive Director
Total Annual Compensation: CNY551.7K
Senior Vice President and Executive Director
Total Annual Compensation: CNY502.1K
Compensation as of Fiscal Year 2015.
harbin electric co ltd-h
Harbin Electric Company Limited Announces Financial Services Framework Agreement

The Board of Directors of Harbin Electric Company Limited announced that, on 9 December 2016, the company entered into the new Financial Services Framework Agreement with Harbin Electric, pursuant to which the company will provide the depository services, loan services and other financial services through the finance company, being one of its subsidiaries, to harbin electric and its subsidiaries at fair and reasonable market prices and on normal commercial terms. The company is not under any obligations to provide any or all of the financial services to the Unlisted Harbin Electric Group and may provide such Financial Services based on its business needs.

Harbin Electric and Acwa Power Begins Construction of the 2,400 MW Hassyan Clean Coal Power Station

Dubai Electricity and Water Authority (Dewa) announced that a consortium including China's Harbin Electric and Saudi Arabia's Acwa Power has begun construction of the 2,400 megawatt (MW) Hassyan clean coal power station which is being developed on the independent power producer (IPP) procurement model. The plant will be the first of its kind in the region and is fully compliant with set international standards, adopting the use of ultra-supercritical technology, according to the Dubai utility. Hassyan clean coal power project, which will have a total coal-fired capacity of 2,400 MW, will be fully-operational by 2023.

Harbin Electric Company Limited Appoints Wang De-Xing as Vice-President

Harbin Electric Company Limited announced that, at the Board meeting of the company held on 25 October 2016, Mr. Wang De-xing was appointed a vice-president of the company with effect from the date of this announcement. He is currently the chief economist of the Harbin Electric Corporation.

 

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Valuation 1133 Industry Range
Price/Earnings 20.2x
Price/Sales 0.2x
Price/Book 0.4x
Price/Cash Flow 19.7x
TEV/Sales NM Not Meaningful
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