According to the Zhitong Finance App, Harbin Electric (01133) announced the results for the year ended December 31, 2023. The group obtained total operating revenue of RMB 29.25 billion (same unit), an increase of 17.08%; net profit attributable to owners of the parent company was RMB 575 million, an increase of 482.69%; basic earnings per share were 0.31 yuan, and a final dividend of RMB 0.052 per share was to be paid.

The main reason for the increase in the company's profit is that the company achieved positive results in vigorous market development, and operating income increased significantly compared to the same period last year. At the same time, the company transferred 51% of Harbin Electric Power Equipment Co., Ltd.'s shares to form a certain return on investment.