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Harbin Electric Gets Regulator's Nod for Share Sale Plan
The 58% Return Delivered to Harbin Electric's (HKG:1133) Shareholders Actually Lagged YoY Earnings Growth
Hong Kong stock market close (01.23) | The Hang Seng Index fell 0.4%, with large financial stocks active throughout the day. Semiconductor Manufacturing International Corporation (00981) plummeted in the afternoon, dropping over 7%.
The market is looking forward to long-term incremental funds entering the market, and Hong Kong stocks rallied in the early trading session, with the Hang Seng Index briefly surpassing the 20,000 mark. However, the market subsequently showed weak upward momentum, and the three major indices collectively turned downward in the afternoon. The current market is still observing the developments of Trump's tariff policy.
Hong Kong Stock Market Midday Review | Hang Seng Index rose 0.24% in the morning session, Mainland Insurance Companies climbed across the board.
Six departments issued a document to promote the entry of medium- and long-term funds into the market. Institutions stated that expectations for improvements on the asset side have significantly increased.
The bullish earnings expectations boosted confidence, causing HARBIN ELECTRIC to surge over 25% at one point.
① How do institutions view HARBIN ELECTRIC's performance expectations? ② Did the installed capacity of hydropower and thermal power nationwide see an increase last year?
HARBIN ELECTRIC (01133.HK) expects a net income of approximately 1.7 billion yuan for the fiscal year 2024.
On January 22, Gelonghui reported that HARBIN ELECTRIC (01133.HK) announced that the company expects to record a Net income of approximately RMB 1.7 billion for the fiscal year 2024 (compared to approximately RMB 0.575 billion for the same period last year), a significant increase year-on-year. The main reason is that the company's revenue for the fiscal year 2024 has significantly increased compared to the same period last year, and the company's quality improvement and efficiency enhancement efforts have achieved positive results.
Harbin Electric (HKG:1133 Shareholders Incur Further Losses as Stock Declines 10% This Week, Taking One-year Losses to 35%
