HK Stock Market Move | HARBIN ELECTRIC (01133) continues to rise by over 3%, with an expected 60% increase in net profit in the first half of the year compared to the same period last year. The layout of small gas turbines and fourth-generation nuclear power plants opens up growth opportunities.

HARBIN ELECTRIC (01133) continued to rise by over 3%, as of the time of writing, it increased by 3.34% to 16.7 Hong Kong dollars, with a turnover of 1.78 billion Hong Kong dollars. On the news front, HARBIN ELECTRIC recently announced a profit expectation, expecting a net profit attributable to the owners of the parent company of approximately 1.7 billion yuan for the first half of 2026, a year-on-year increase of 61.9%. UBS stated that HARBIN ELECTRIC's profit exceeded market expectations, coupled with the potential inclusion in the Hong Kong Stock Connect in August as an additional revaluation catalyst, now is the time to enter the market. Huatai believes that on the one hand, the company will continue to benefit from the growth in domestic electricity demand, with the value of ensuring the supply of traditional power sources such as coal, gas, and nuclear becoming prominent. High growth in orders is expected to support sustained performance realization; on the other hand, the company's layout in small gas turbines and fourth-generation nuclear power is expected to open up growth opportunities.