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 37.88 billion Chinese Renmimbi [US$5.83 billion]
of which 76%
was Wind turbine generator manufacturing & s),
Titan Wind Energy (suzhou) Company Limited
(6.06 billion Chinese Renmimbi [US$933.06 million]
of which 87%
was Wind Tower & Related Products), and
China High Speed Transmission Equipment Group Co Ltd
(9.72 billion Chinese Renmimbi [US$1.50 billion]
of which 84%
was Wind gear transmission equipment).
Harbin Electric Co Ltd reported sales of 22.90 billion Chinese Renmimbi (US$3.53 billion)
December of 2019.
decrease of 12.9%
versus 2018, when the company's sales were 26.30 billion Chinese Renmimbi.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Harbin Electric Co Ltd had sales
of 23.79 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 29.7% decline
in Thermal Power Host Devices, from 11.88 billion Chinese Renmimbi to 8.35 billion Chinese Renmimbi.
There were also decreases in sales in
Plant Engineering Services (down 26.4% to 5.45 billion Chinese Renmimbi)
Nuclear Power Products Division (down 3.7% to 1.29 billion Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Ac/dc Motors and Others (up 34.2% to 3.55 billion Chinese Renmimbi)
Water and Electricity Host Devices (up 57.3% to 2.68 billion Chinese Renmimbi)