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Harbin Electric

DB:HP6H
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HP6H
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People’s Republic of China. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Harbin Electric has significant price volatility in the past 3 months.
HP6H Share Price and Events
7 Day Returns
5.6%
DB:HP6H
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-58.5%
DB:HP6H
-8.2%
DE Electrical
-17.5%
DE Market
HP6H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harbin Electric (HP6H) 5.6% -18.5% -23.8% -58.5% -62.4% -69%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • HP6H underperformed the Electrical industry which returned -8.2% over the past year.
  • HP6H underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
HP6H
Industry
5yr Volatility vs Market

HP6H Value

 Is Harbin Electric undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Harbin Electric. This is due to cash flow or dividend data being unavailable. The share price is €0.189.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Harbin Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harbin Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HP6H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.06
SEHK:1133 Share Price ** SEHK (2020-03-31) in HKD HK$1.76
SEHK:1133 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.914 CN¥1.61
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Harbin Electric.

DB:HP6H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1133 Share Price ÷ EPS (both in CNY)

= 1.61 ÷ 0.06

25.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harbin Electric is overvalued based on earnings compared to the DE Electrical industry average.
  • Harbin Electric is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Harbin Electric's expected growth come at a high price?
Raw Data
DB:HP6H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
55.8%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:HP6H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.28x ÷ 55.8%

0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harbin Electric is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Harbin Electric's assets?
Raw Data
DB:HP6H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥9.13
SEHK:1133 Share Price * SEHK (2020-03-31) in HKD HK$1.76
SEHK:1133 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.914 CN¥1.61
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:HP6H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1133 Share Price ÷ Book Value per Share (both in CNY)

= 1.61 ÷ 9.13

0.18x

* Primary Listing of Harbin Electric.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harbin Electric is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Harbin Electric's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Harbin Electric has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HP6H Future Performance

 How is Harbin Electric expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harbin Electric expected to grow at an attractive rate?
  • Harbin Electric's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Harbin Electric's earnings growth is expected to exceed the Germany market average.
  • Harbin Electric's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HP6H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HP6H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 55.8%
DB:HP6H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -13.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HP6H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HP6H Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 17,395 718 372 1
2020-12-31 18,686 71 227 1
2020-03-31
DB:HP6H Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 22,516 -3,370 109
2019-09-30 22,813 -3,392 90
2019-06-30 23,110 -3,414 72
2019-03-31 24,495 -2,045 72
2018-12-31 25,880 -676 71
2018-09-30 26,687 -1,419 86
2018-06-30 27,494 -2,162 100
2018-03-31 29,517 -2,427 147
2018-01-01 31,540 -2,692 194
2017-10-01 32,227 -333 301
2017-06-30 32,913 2,027 408
2017-03-31 31,921 1,807 410

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Harbin Electric's earnings are expected to grow significantly at over 20% yearly.
  • Harbin Electric's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HP6H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Harbin Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HP6H Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.05 0.05 0.05 1.00
2021-12-31 0.13 0.22 0.05 2.00
2020-12-31 0.05 0.05 0.05 1.00
2020-03-31
DB:HP6H Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.06
2019-09-30 0.05
2019-06-30 0.04
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 0.05
2018-06-30 0.07
2018-03-31 0.10
2018-01-01 0.14
2017-10-01 0.22
2017-06-30 0.30
2017-03-31 0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Harbin Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Harbin Electric's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Harbin Electric has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HP6H Past Performance

  How has Harbin Electric performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Harbin Electric's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Harbin Electric's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Harbin Electric's 1-year earnings growth exceeds its 5-year average (52.2% vs -34.7%)
  • Harbin Electric's earnings growth has exceeded the DE Electrical industry average in the past year (52.2% vs 17.2%).
Earnings and Revenue History
Harbin Electric's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Harbin Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HP6H Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 22,515.59 108.57 2,607.02 687.52
2019-09-30 22,812.57 90.29 2,285.54 609.85
2019-06-30 23,109.55 72.01 1,869.93 626.30
2019-03-31 24,494.54 71.66 1,926.02 609.11
2018-12-31 25,879.52 71.32 1,982.11 591.93
2018-09-30 26,686.89 85.86 2,131.42 682.47
2018-06-30 27,494.26 100.40 2,374.86 678.88
2018-03-31 29,517.30 147.31 2,537.00 618.78
2018-01-01 31,540.33 194.23 2,699.15 558.68
2017-10-01 32,226.85 300.88 2,718.56 335.16
2017-06-30 32,913.38 407.54 2,737.96 111.64
2017-03-31 31,921.49 410.41 2,781.56 55.82
2016-12-31 30,929.60 413.28 2,825.15
2016-09-30 29,435.03 321.88 2,899.47
2016-06-30 27,940.47 230.49 2,973.80
2016-03-31 26,518.85 213.35 2,954.12
2015-12-31 25,097.24 196.21 2,934.45
2015-09-30 24,842.30 359.29 3,235.90
2015-06-30 24,587.36 522.37 3,537.36
2015-03-31 24,306.95 544.39 3,503.45
2014-12-31 24,026.55 566.41 3,469.54
2014-09-30 23,224.70 513.88 3,569.88
2014-06-30 22,422.85 461.36 3,670.22
2014-03-31 21,461.78 583.58 3,632.70
2013-12-31 20,500.71 705.81 3,595.17
2013-09-30 22,400.46 905.14 3,612.71
2013-06-30 24,300.21 1,104.47 3,630.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Harbin Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Harbin Electric has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • Harbin Electric's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Harbin Electric's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Harbin Electric has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HP6H Health

 How is Harbin Electric's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Harbin Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harbin Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Harbin Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Harbin Electric's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 7.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Harbin Electric Company Filings, last reported 3 months ago.

DB:HP6H Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 15,893.70 6,199.88 10,126.55
2019-09-30 15,893.70 6,199.88 10,126.55
2019-06-30 16,281.90 4,003.62 10,252.54
2019-03-31 16,281.90 4,003.62 10,252.54
2018-12-31 16,309.03 2,372.91 12,593.21
2018-09-30 16,309.03 2,372.91 12,593.21
2018-06-30 16,189.79 1,882.62 12,368.11
2018-03-31 16,189.79 1,882.62 12,368.11
2018-01-01 16,142.15 6,283.28 18,703.87
2017-10-01 16,142.15 6,283.28 18,703.87
2017-06-30 14,752.21 5,916.84 17,956.75
2017-03-31 14,752.21 5,916.84 17,956.75
2016-12-31 14,642.41 5,087.29 19,889.91
2016-09-30 14,642.41 5,087.29 19,889.91
2016-06-30 14,053.99 5,762.21 17,330.84
2016-03-31 14,053.99 5,762.21 17,330.84
2015-12-31 13,916.88 6,249.04 21,037.01
2015-09-30 13,916.88 6,249.04 21,037.01
2015-06-30 14,075.84 6,024.10 16,131.04
2015-03-31 14,075.84 6,024.10 16,131.04
2014-12-31 14,005.05 6,015.33 16,619.05
2014-09-30 14,005.05 6,015.33 16,619.05
2014-06-30 14,165.61 6,421.93 12,117.07
2014-03-31 14,165.61 6,421.93 12,117.07
2013-12-31 14,294.25 6,233.49 18,915.29
2013-09-30 14,294.25 6,233.49 18,915.29
2013-06-30 13,876.90 6,639.35 10,187.74
  • Harbin Electric's level of debt (39%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42.7% vs 39% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Harbin Electric has not reported any interest payments on debt.
X
Financial health checks
We assess Harbin Electric's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Harbin Electric has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HP6H Dividends

 What is Harbin Electric's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Harbin Electric dividends. Estimated to be 0% next year.
If you bought €2,000 of Harbin Electric shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Harbin Electric's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Harbin Electric's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HP6H Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HP6H Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-03-31
DB:HP6H Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-09-03 0.000 0.000
2019-08-23 0.000 0.000
2019-03-07 0.000 0.000
2018-04-10 0.015 0.655
2017-05-26 0.030 1.007
2017-04-10 0.030 0.734
2017-03-28 0.030 0.764
2016-05-27 0.015 0.480
2016-04-06 0.015 0.565
2016-03-29 0.015 0.558
2015-03-27 0.040 1.197
2015-03-23 0.040 1.048
2014-05-16 0.080 2.032
2013-04-09 0.100 2.526
2013-03-25 0.100 2.041
2012-03-19 0.140 2.562
2011-03-21 0.140 2.108
2010-04-16 0.068 0.982
2010-04-12 0.068 1.191
2009-04-27 0.075 1.173

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Harbin Electric has not reported any payouts.
  • Unable to verify if Harbin Electric's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Harbin Electric's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harbin Electric has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Harbin Electric's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Harbin Electric's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Harbin Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harbin Electric has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HP6H Management

 What is the CEO of Harbin Electric's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wei-Zhang Wu
COMPENSATION CN¥715,029
AGE 57
TENURE AS CEO 7 years
CEO Bio

Mr. Wei-Zhang Wu serves as the President of Harbin Turbine Company Limited. Mr. Wu serves as Vice President at Harbin Electric Corporation. Mr. Wu has been General Manager of Harbin Electric Company Limited (alternative name Harbin Power Equipment Co. Ltd.) since February 2010 and its President since march 2013. Mr. Wu has been General Manager of Harbin Electrical Machinery Company Limited since October 2000. Mr. Wu has been a Deputy General Manager of Electrical Machinery Company since 1999. Mr. Wu served as Deputy Director of turbine department and deputy head of Electrical Machinery Institute, deputy manager of hydropower factory, deputy chief engineer and Vice Manager of product design department of Electrical Machinery Company of HPEGC. He joined in HPEGC in 1988. In October 2000, Mr. Wu served as Senior Engineer. He served as Chairman and General Manager of the Electrical Machinery Company of HPEGC. He has been chairman of Harbin Electrical Machinery Company Limited since October 2000. Mr. Wu was appointed chairman and general manager of Electrical Machinery Company. Mr. Wu has been an Executive Director of Harbin Power Equipment Co. Ltd. since September 30, 2000. Mr. Wu graduated from Qinghua University majoring hydropower and was conferred Master Degree in 1988. Mr. Wu obtained a doctor degree in thermal energy engineering in Tsinghua University in 2002.

CEO Compensation
  • Wei-Zhang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Wei-Zhang's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Harbin Electric management team in years:

7
Average Tenure
55.5
Average Age
  • The average tenure for the Harbin Electric management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ze-Fu Si

TITLE
Executive Chairman
AGE
61

Wei-Zhang Wu

TITLE
President
COMPENSATION
CN¥715K
AGE
57
TENURE
7 yrs

Zhi-Quan Liu

TITLE
Senior Vice President
COMPENSATION
CN¥650K
AGE
51
TENURE
5.3 yrs

Ying-Jian Zhang

TITLE
Senior VP & Executive Director
COMPENSATION
CN¥646K
AGE
55
TENURE
7 yrs

Wei-jiang Xie

TITLE
Senior Vice President
COMPENSATION
CN¥438K
AGE
46
TENURE
1.3 yrs

Zhi-qiang Lu

TITLE
Senior Vice President
COMPENSATION
CN¥454K
AGE
46
TENURE
1.3 yrs

Li-Song Ai

TITLE
Director of the Secretariat of the Board & Company Secretary
COMPENSATION
CN¥380K
AGE
49
TENURE
4.8 yrs

Hai-Quan Zhang

TITLE
VP & Deputy GM
COMPENSATION
CN¥858K
AGE
58
TENURE
19.4 yrs

Zhe Qu

TITLE
VP & Deputy GM
COMPENSATION
CN¥858K
AGE
57
TENURE
9.7 yrs

Michael Tung

TITLE
Joint Company Secretary
AGE
56
TENURE
8.2 yrs
Board of Directors Tenure

Average tenure and age of the Harbin Electric board of directors in years:

5.1
Average Tenure
59
Average Age
  • The tenure for the Harbin Electric board of directors is about average.
Board of Directors

Ze-Fu Si

TITLE
Executive Chairman
AGE
61
TENURE
3.7 yrs

Wei-Zhang Wu

TITLE
President
COMPENSATION
CN¥715K
AGE
57
TENURE
19.4 yrs

Ying-Jian Zhang

TITLE
Senior VP & Executive Director
COMPENSATION
CN¥646K
AGE
55
TENURE
7.2 yrs

Yong-Qiang Feng

TITLE
Chairman of Supervisory Committee
COMPENSATION
CN¥387K
AGE
56
TENURE
5.3 yrs

Wen-Xing Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
66
TENURE
5 yrs

Tian Min

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
63
TENURE
2 yrs

Hong-Jie Zhu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
65
TENURE
3 yrs

Jian-Min Hu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥60K
AGE
65
TENURE
3 yrs

Guang Chen

TITLE
Supervisor
COMPENSATION
CN¥323K
AGE
55
TENURE
10.3 yrs

Wen-Ming Zhang

TITLE
Supervisor
COMPENSATION
CN¥243K
AGE
45
TENURE
7.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Sell Value Partners Limited Company 08. Nov 19 08. Nov 19 -1,374,000 €0.23 €-313,867
05. Sep 19 Sell UBS Asset Management Company 20. Aug 19 20. Aug 19 -558,000 €0.24 €-131,445
30. Jul 19 Sell Value Partners Limited Company 25. Jul 19 25. Jul 19 -718,000 €0.28 €-198,746
24. Jun 19 Buy UBS Asset Management Company 19. Jun 19 19. Jun 19 2,818,000 €0.46 €1,298,653
20. May 19 Buy Value Partners Limited Company 15. May 19 15. May 19 1,358,000 €0.47 €634,949
25. Apr 19 Buy Value Partners Limited Company 18. Apr 19 18. Apr 19 1,704,000 €0.46 €792,053
X
Management checks
We assess Harbin Electric's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Harbin Electric has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HP6H News

Simply Wall St News

HP6H Company Info

Description

Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People’s Republic of China. It provides thermal power main equipment, including boilers, steam turbines, and steam turbine generators; hydro power main equipment, such as hydro power generators units; nuclear power main equipment comprising nuclear island and conventional island equipment; and a set of steam power equipment, including 9F/9H class gas turbine, and combined gas and steam cycle sets. The company also offers clean energy products comprising solar energy, hydro power, and desalination products; and ancillary equipment for power stations, industrial boilers, industrial steam turbines, control devices, and AC/DC motors, as well as valves for power stations, pressure vessels and axial compressors, etc. In addition, it is involved in the construction of power station projects; contract supply of complete sets of thermal and hydro power equipment; import and export of equipment for power stations; the provision of after sales service for power station equipment products; research and development of engineering technology for turnkey power equipment and its ancillary products; and provision of environmental protection engineering services, such as desulfurization, denitrification, and dust removal. The company was incorporated in 1994 and is based in Harbin, the People’s Republic of China. Harbin Electric Company Limited is a subsidiary of Harbin Electric Corporation.

Details
Name: Harbin Electric Company Limited
HP6H
Exchange: DB
Founded: 1994
HK$352,603,954
1,706,523,000
Website: http://www.hpec.com
Address: Harbin Electric Company Limited
1399 Chuangxinyi Road,
Songbei District,
Harbin,
Heilongjiang Province, 150028,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1133 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 21. Dec 1994
DB HP6H Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 21. Dec 1994
Number of employees
Current staff
Staff numbers
13,658
Harbin Electric employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:08
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.