Harbin Electric (01133) announces that its estimated annual net profit attributable to shareholders is approximately 1.7 billion yuan, a significant increase year-on-year.

HARBIN ELECTRIC (01133) announced that it expects to achieve a net profit attributable to the owners of the parent company of approximately RMB 1.7 billion for the year ending December 31, 2024 (compared to approximately RMB 575 million in the same period last year), showing a significant increase over the previous year. The main reasons for this improvement are the substantial growth in operating income for the fiscal year 2024 compared to the previous year, as well as the positive results of the company's quality and efficiency improvement efforts.