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HARBIN ELECTRIC (01133.HK) Once Rises ~17% Before Narrowed Gains; Interim Profit Expected to Grow 5x+
Recommend 2 Positive 6 Negative 2 |
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Along with its announcement of a positive profit alert, HARBIN ELECTRIC (01133.HK) opened up 14.79% today and peaked at $3 with a surge recorded at 16.7%, marking a new high since August 2023. Its gains then narrowed, last printed at $2.68, up 4.28%, on volume of 7.65 million shares and turnover of $21.212 million. HARBIN ELECTRIC expects its net profit for 1H24 to be approx. RMB530 million when compared to approx. RMB85 million for the corresponding period of the previous year, representing a substantial increase of approx. 523.5%, as driven by the positive results achieved by the Company in developing the market, the significant increase in the scale of operating revenue, and an increase in the gross profit margin. AAStocks Financial News |
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