Harbin Electric Co Ltd operates in the Turbines and turbine generator sets sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Harbin Electric Co Ltd with three other
companies in this sector in China:
Xinjiang Goldwind Science & Technology Company Limited
sales of 28.59 billion Chinese Renmimbi [US$4.13 billion]
of which 78%
was Wind turbine generator manufacturing & s),
Xiangtan Electric Manufacturing Co.
(6.20 billion Chinese Renmimbi [US$896.32 million]
of which 57%
was Motor & Auxiliary), and
China High Speed Transmission Equipment Group Co Ltd
(8.20 billion Chinese Renmimbi [US$1.19 billion]
of which 100%
was Gear products).
Harbin Electric Co Ltd reported sales of 26.30 billion Chinese Renmimbi (US$3.80 billion)
December of 2018.
decrease of 17.8%
versus 2017, when the company's sales were 31.98 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 34.1% decline
in Nuclear Power, from 2.03 billion Chinese Renmimbi to 1.34 billion Chinese Renmimbi.
There were also decreases in sales in
Main Thermal Power Equipment (down 14.4% to 11.88 billion Chinese Renmimbi)
Engineering Services for Power Stations (down 30.8% to 7.41 billion Chinese Renmimbi)
Ancillary Equipment for Power Stations (down 32.8% to 899.96 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Ac/dc Motors and Others (up 17.6% to 2.65 billion Chinese Renmimbi)
Main Hydro Power Equipment (up 48.7% to 1.70 billion Chinese Renmimbi)