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 24.97 billion Chinese Renmimbi [US$3.98 billion]
Xiangtan Electric Manufacturing Co.
(9.71 billion Chinese Renmimbi [US$1.55 billion]
of which 45%
was Trading), and
China High Speed Transmission Equipment Group Co Ltd
(8.24 billion Chinese Renmimbi [US$1.31 billion]
Harbin Electric Co Ltd reported sales of 31.98 billion Chinese Renmimbi (US$5.09 billion)
December of 2017.
increase of 2.8%
versus 2016, when the company's sales were 31.10 billion Chinese Renmimbi.
This was the fourth straight year of sales growth at Harbin Electric Co Ltd.
Sales of Main Thermal Power Equipment saw an increase
that was more than double the company's growth rate: sales were up
14.0% in 2017, from
12.17 billion Chinese Renmimbi to 13.87 billion Chinese Renmimbi.
Harbin Electric Co Ltd also saw significant increases in sales in
Engineering Services for Power Stations (up 8.0% to 10.70 billion Chinese Renmimbi)
Other Operations (up 8.3% to 194.44 million Chinese Renmimbi)
Not all segments of Harbin Electric Co Ltd experienced an increase in sales in 2017:
sales of Main Hydro Power Equipment fell 53.9% to 1.15 billion Chinese Renmimbi.
Harbin Electric Co Ltd also experienced decreases in sales in
Ac/dc Motors and Others (down 17.7% to 2.25 billion Chinese Renmimbi)
Ancillary Equipment for Power Stations (down 6.9% to 1.34 billion Chinese Renmimbi)