根据公告，公司预计 2024 年实现净利润 17 亿元，远超我们预测的 10.6 亿元。我们认为，公司取得优异业绩的主要原因包括火电、核电设备 行业订单需求增长，公司在消化完前期低价订单后，进入了订单景气 周期的制造高峰期以及交付周期，为公司贡献增量业绩。此外抽水蓄 能行业逐渐发展也为公司提供订单。同时公司管理经营效率同步提升， 人员效率和费用水平持续改善，公司提质增效工作效果显著。 事件： 公司于 2025 年 1 月 22 日盘后公告盈利预告，初步评估，预期公司 2024 年度录得归母净利润约 17 亿元（上年同期录得人民币 5.75 亿元），较 上年同期增长约 196%。主要原因为公司 2024 财年度营业收入较去年 大幅增长，同时，公司提质增效工作取得积极成效。 哈尔滨电气（1133.HK） 2025-01-22 星期三 点评观点： 即时点评 公司盈喜，24 年净利润超预期增长约 196% 1. 公司 2024 年利润超预期增长： 姓名：冯浩 SFC：BUQ780 电话：755-2151 9167 Email: fenghao@gyzq.com.hk 请务必阅读免责条款 2. 公司作为能源装备龙头，2 ...

Investment Rating - Buy rating with a target price of HKD 3.20, representing a 35% upside from the current price of HKD 2.37 [2][5] Core Views - The company's energy equipment business has shown a recovery in profitability, with strong growth momentum expected in the future [2] - Revenue in H1 2024 increased by 25.6% YoY to RMB 17.04 billion, while net profit surged by 515.7% YoY to RMB 523 million [3] - Gross profit rose by 34.0% YoY to RMB 1.95 billion, with gross margin improving by 0.7 pct to 11.4% [3] - New power equipment orders increased by 2.84% YoY to RMB 26.03 billion, with coal/hydro/nuclear power equipment orders at RMB 10.83/4.47/3.06 billion respectively [3] - The company's order backlog is sufficient to support growth in the energy equipment business, with potential for further margin improvement [4] - Hydropower equipment and thermal power flexibility transformation are expected to provide new growth drivers [4] - Operating efficiency has improved, with the combined expense ratio decreasing by 1.2 pct to 8.6% and the debt-to-asset ratio dropping by 2.8 pct to 79.6% [4] Financial Performance - Revenue for 2024E/2025E/2026E is projected at RMB 37.31/43.29/46.12 billion, with YoY growth of 27.6%/16.0%/6.5% [6] - Net profit for 2024E/2025E/2026E is forecasted at RMB 950 million/1.39 billion/1.68 billion, with a 3-year CAGR of 42.5% [5][6] - Gross margin is expected to improve to 15.5%/16.2%/16.3% in 2024E/2025E/2026E, up from 12.1% in 2023 [15] - Net margin is projected to increase to 3.0%/3.9%/4.3% in 2024E/2025E/2026E, compared to 2.1% in 2023 [15] Valuation - The company is trading at a 2024E PE of 7.0x and a TTM PB of 0.5x, which is lower than industry peers [5][13] - Industry peers such as Dongfang Electric and Shanghai Electric are trading at higher PE multiples of 6.4x and 34.2x respectively [13] Growth Drivers - The company is expected to benefit from the development of the energy equipment market, particularly in hydropower and thermal power flexibility transformation [4][5] - The rapid development of pumped storage and the transformation of thermal power flexibility are key growth areas [4] - The company's order backlog and improved order quality are expected to support future revenue growth and margin expansion [4]

2024 INTERIM REPORT 中 期 報 告 ( 股份代號：1133) ( Stock Code: 1133 ) 2024 2024 中期報告 INTERIM REPORT 目錄 | --- | --- | |-----------------------------|-------| | | | | 二零二 四年中期董事會報告書 | 2 | | 審閱報告 | 21 | | 合併資產負債表 | 22 | | 合併利潤表 | 28 | | 合併現金流量表 | 33 | | 合併所有者權益變動表 | 38 | | 財務報表附註 | 40 | | 公司資料 | 84 | 二零二四年中期董事會報告書 哈爾濱電氣股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬 公司截至二零二四年六月三十日止六個月期間按中國企業會計準則編製的經營業 績，該經營業績未經審計，但已經大華會計師事務所（特殊普通合夥）審閱。 除特殊標註外，本報告書討論中的貨幣均為人民幣。 行業發展與業務回顧 二零二四上半年，中國經濟運行總體平穩、穩中有進，新動能加快成長，高質量發 展取得新進展。從電力行業來看，全國電力供應安全穩定 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1133） 二零二四年中期業績公告 哈 爾 濱 電 氣 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈 本 公 司 及其附屬公司截至二零二四年六月三十日止六個月期間按中國企業會 計 準 則 編 製 的 經 營 業 績，該 經 營 業 績 未 經 審 計，但 已 經 大 華 會 計 師 事 務 所（特 殊 普 通 合 夥）審 閱。 除 特 殊 標 注 外，本 報 告 書 討 論 中 的 貨 幣 均 為 人 民 幣。 – 1 – 合併資產負債表 項 目 附 註 2024年6月30日 2023年12月31日 流 動 資 產： – – 貨幣資金 16,336,958,594.63 18,677,316,557.23 △ 結算備付金 △ 拆出資金 600,000, ...

买入 国有能源之重器，电力需求促能源装备提质增量 哈尔滨电气(1133.HK) 2024-06-13 星期四 投资要点 ➢ 始于“一五计划”，中国最大的能源装备制造国有企业之一。 目标价： 3.20 港元 哈尔滨电气股份有限公司，是由国务院国资委管理的中国规模最大的发电 现 价： 2.58港元 设备制造商之一。公司主要产品包括煤电、水电、核电、气电主机设备、 预计升幅: 24.0% 清洁能源设备及船舶动力装备等工业产品，此外公司还提供电站工程总承 包、电站产品出口等服务。公司煤电主设备占全国装机容量的 1/3，大水 电产品占国内总装机容量1/2以上，核电主机设备占国产装机总量的1/3。 重要数据 ➢ 新能源装机快速上涨，火电为能源安全和保障供应提供支持。 日期 2024/06/12 能源发电和装机方面，2023年中国火电装机占比为47.6%，风电和太阳能 收盘价（港元） 2.58 合计装机容量占比为36%，新能源装机量占比快速上涨，但煤电依旧是当 总股本（亿股） 22.36 前中国发电核心，2023 年煤电发电量占比为 63%，同比增长了约 5 个百 总市值（亿港元） 57.9 分点。为了保障电力供应需求得到 ...

HE 哈电集团 哈尔滨电气股份有限公司 HARBIN ELECTRIC COMPANY LIMITED 股份代號：1133 2023 年 度 報 告 公司簡介 2 財務摘要 4 董事長報告書 6 管理層論述與分析 8 董事、監事及高級管理人員 17 董事會報告書 24 監事會報告書 41 公司管治報告 43 審計報告 56 合併資產負債表 62 資產負債表 67 合併利潤表 72 利潤表 75 合併現金流量表 77 現金流量表 80 合併所有者權益變動表 83 所有者權益變動表 85 二零二三年度財務報表附註 89 重要事項揭示 298 公司資料 299 備查文件 300 目錄 公司簡介 哈爾濱電氣股份有限公司（「本公司」），是由原哈爾濱電機廠、哈爾濱鍋爐廠、哈爾濱汽輪機廠（「三大動力」）等有關企業 重組而成。 本公司地處中國哈爾濱市，於一九九四年十月六日註冊成立，並於一九九四年十二月十六日在香港聯合交易所上市交 易，股票代碼「01133」。 於二零二三年十二月三十一日，本公司總股本為2,236,276,000股，其中在香港聯交所流通的H股為675,571,000股。 本公司及其附屬公司是國內規模最大的發電設 ...

申万宏源研究 上海市南京东路99号 | +86 21 2329 7818 www.swsresearch.com 简单金融 成就梦想 公用环保 | 公司研究 低毛利订单仍在消化，看好新订单量价齐升 2024年4月3日 哈尔滨电气 (01133:HK)点评 增持 事件：哈尔滨电气（1133.HK）发布2023业绩公告，2023年收入288.41亿元，yoy+17%，归母 净利润为人民币5.75亿元，yoy +482.69%，业绩表现符合预期。 下调 公司利润大幅增长主要受益于信用减值损失大幅减小及投资收益增加。2023年公司信用减值损失科 目为+5.52亿元，而去年同期为-3.32亿元，即2023年公司信用减值损失科目增加8.84亿。此外， 公司2023年投资收益增加2.23亿，我们认为主要来自2023年11月28日公司转让哈尔滨电气动 市场数据：2024年4月2日 力装备有限公司51%股权收益。根据佳电股份公告，哈电动装100%股权价值为7.86亿元，评估增 收盘价（港币） 2.24 值2.60亿元。据此推算，公司转让哈电动装收益约为1.3亿元。 恒生中国企业指数 5960.72 52周最高/最低价 (港 2 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本通告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1133） 截至二零二三年十二月三十一日止年度業績公告 哈 爾 濱 電 氣 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」），謹 此 宣 佈 本 公 司及其附屬公司截至二零二三年十二月三十一日止年度按中國企業會 計 準 則 編 製 之 經 審 計 經 營 業 績。 – 1 – 合併資產負債表 （除 特 別 註 明 外：金 額 單 位 均 為 人 民 幣 元） 項 目 附 註 2023年12月31日 2022年12月31日 流 動 資 產： 貨幣資金 18,677,316,557.23 17,300,785,271.18 △結算備付金 △拆出資金 交易性金融資產 603,149,819.44 202,376,414.36 以公允價值計量且其變動計入 當期損益的金融資產 衍 ...

Financial Performance - Revenue for the first half of 2023 reached RMB 13,570.86 million, a year-on-year increase of 15.58%[7] - Net profit attributable to the parent company was RMB 84.89 million, up 63.78% year-on-year[7] - Total operating revenue for the first half of 2023 reached 13.76 billion RMB, a 15.9% increase compared to 11.87 billion RMB in the same period of 2022[43] - Net profit attributable to the parent company's owners in the first half of 2023 was 84.89 million RMB, a 63.8% increase from 51.84 million RMB in the same period of 2022[45] - Operating profit for the first half of 2023 was 105.35 million RMB, a 2.0% increase compared to 103.23 million RMB in the same period of 2022[45] - Total comprehensive income for the first half of 2023 was -191,031,239.80 RMB, down from 78,845,945.78 RMB in the first half of 2022[47] - Basic earnings per share increased to 0.05 RMB in the first half of 2023, up from 0.03 RMB in the same period of 2022[47] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the period was RMB 899,280,373.83[122] Orders and Production - New power equipment orders amounted to RMB 18.928 billion, a year-on-year increase of 187.79%, with coal power equipment orders growing by 437.97%[8] - Export orders reached RMB 7.361 billion, a year-on-year increase of 156.84%[8] - Power generation equipment production reached 12.83 million kW, a year-on-year increase of 49.9%[9] - The company secured several major contracts, including the world's largest 500MW impact-type hydroelectric unit and a 400MW variable-speed pumped storage unit[22] Assets and Liabilities - Total assets increased by 9.56% to RMB 69.33138 billion, with current assets accounting for 84.54% of total assets[13] - Total liabilities increased by 12.15% to RMB 57.09663 billion, mainly due to an increase in contract liabilities (advance receipts)[13] - Total assets increased to RMB 69.33 billion as of June 30, 2023, up from RMB 63.28 billion at the beginning of the year[38] - Current assets rose to RMB 58.61 billion, compared to RMB 53.52 billion at the start of 2023[37] - Non-current assets grew to RMB 10.72 billion, up from RMB 9.76 billion at the beginning of the year[38] - Total liabilities increased to RMB 57.10 billion, up from RMB 50.91 billion at the start of 2023[40] - Current liabilities rose to RMB 52.94 billion, compared to RMB 45.86 billion at the beginning of the year[39] - Non-current liabilities decreased to RMB 4.16 billion, down from RMB 5.05 billion at the start of 2023[40] - Total assets as of June 30, 2023, amounted to 69.33 billion RMB, a 9.6% increase from 63.28 billion RMB at the beginning of the year[42] - Total equity attributable to the parent company's owners as of June 30, 2023, was 11.53 billion RMB, a 1.7% decrease from 11.73 billion RMB at the beginning of the year[42] - Total liabilities and equity as of June 30, 2023, reached 69.33 billion RMB, a 9.6% increase from 63.28 billion RMB at the beginning of the year[42] - Total equity as of June 30, 2023, was 12.23 billion RMB, a 1.1% decrease from 12.37 billion RMB at the beginning of the year[42] - Minority interest in equity as of June 30, 2023, was 709.54 million RMB, a 9.9% increase from 645.91 million RMB at the beginning of the year[42] - Total owner's equity amounted to 12.19 billion RMB as of H1 2023, with minority interests at 626 million RMB[54] - Undistributed profits stood at 4.68 billion RMB in H1 2023, reflecting a 55.8 million RMB increase from the previous period[54] - The company's capital reserve (capital surplus) was 4.34 billion RMB as of H1 2023[54] - The company's total equity attributable to owners was 11.57 billion RMB in H1 2023, with a slight increase of 73.9 million RMB from the previous period[54] Cash Flow - Cash and cash equivalents increased by 6.32% to RMB 183.9461 billion as of June 30, 2023, compared to the beginning of the period[14] - Cash and cash equivalents increased to RMB 18.39 billion, up from RMB 17.30 billion at the beginning of the year[37] - Cash received from sales of goods and services in the first half of 2023 was 17,460,424,872.49 RMB, a significant increase from 11,698,804,483.53 RMB in the same period of 2022[48] - Net cash flow from operating activities in the first half of 2023 was 1,322,174,637.46 RMB, up from 825,359,071.13 RMB in the same period of 2022[49] - Cash paid for goods and services in the first half of 2023 was 13,338,955,050.96 RMB, an increase from 10,883,485,237.11 RMB in the same period of 2022[49] - Net cash flow from investing activities in the first half of 2023 was -318,891,740.59 RMB, compared to -287,696,481.28 RMB in the same period of 2022[50] - Cash received from investments in the first half of 2023 was 585,669,693.39 RMB, a significant increase from 0 RMB in the same period of 2022[50] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets in the first half of 2023 was 425,654,336.40 RMB, up from 202,334,500.10 RMB in the same period of 2022[50] - Cash paid for investments in the first half of 2023 was 400,407,200.00 RMB, a significant increase from 93,821,500.00 RMB in the same period of 2022[50] - Net cash flow from financing activities decreased to -38.8 million RMB in H1 2023, compared to 653.5 million RMB in H1 2022[51] - Cash and cash equivalents increased by 976.7 million RMB in H1 2023, reaching 17.27 billion RMB at the end of the period[52] - The company absorbed 14.67 million RMB in investment cash in H1 2023, a significant increase from 4.89 million RMB in H1 2022[51] - Debt repayment amounted to 1.06 billion RMB in H1 2023, down from 1.47 billion RMB in H1 2022[51] - Dividend and interest payments totaled 117.9 million RMB in H1 2023, a decrease from 211.4 million RMB in H1 2022[51] - Exchange rate impact on cash and cash equivalents was 12.23 million RMB in H1 2023, slightly higher than 11.58 million RMB in H1 2022[52] R&D and Innovation - R&D expenses increased by RMB 62.06 million to RMB 350.76 million, reflecting the company's focus on innovation and new technologies[12] - The company's R&D investment intensity reached 4% in the first half of 2023, focusing on key core technology breakthroughs and digital transformation[21] - R&D expenses in the first half of 2023 were 350.76 million RMB, a 21.5% increase compared to 288.69 million RMB in the same period of 2022[43] Energy and Environment - Non-fossil energy power generation capacity reached 1.39 billion kW, accounting for 51.5% of total installed capacity, up 3.4 percentage points year-on-year[5] - China's total installed power generation capacity is expected to reach 2.86 billion kilowatts by the end of 2023, a year-on-year increase of 11.5%[25] - Non-fossil energy installed capacity is projected to account for 53% of total capacity, reaching 1.51 billion kilowatts, up 3 percentage points year-on-year[25] - Combined installed capacity of wind and solar power is expected to reach 960 million kilowatts, accounting for one-third of total capacity, up 4 percentage points year-on-year[25] Market and Strategy - The company aims to enhance market share, expand order scale, and improve contract quality in the second half of 2023[26] - The company plans to focus on high-end, intelligent, and green development in equipment manufacturing, with increased investment in technological innovation[26] Corporate Governance - The company has complied with the Corporate Governance Code and appointed a new executive director to fill a vacancy[32] - The audit committee has reviewed and approved the company's unaudited interim financial report for the first half of 2023[33] - The company's consolidated financial statements for the first half of 2023 are prepared in accordance with the "Enterprise Accounting Standards" and relevant regulations, with RMB as the reporting currency[58][62] - The company has assessed its ability to continue operations for the next 12 months and found no significant concerns, thus the financial statements are prepared on a going concern basis[59] Accounts Receivable and Bad Debt - Accounts receivable are measured at fair value initially and presented at amortized cost less impairment, with expected credit losses recognized over the lifetime of the receivables[64][66] - The company applies a provision matrix for accounts receivable based on aging, with impairment rates ranging from 0-5% for receivables within 1 year to 100% for receivables over 5 years[67] - The company's accounts receivable totaled RMB 13,523,204,211.55, with a bad debt provision of RMB 4,978,057,289.62, representing a provision rate of 36.81%[80] - Single-item bad debt provision for accounts receivable amounted to RMB 1,833,582,388.88, with a provision rate of 66.62%[80] - The company's accounts receivable from Harbin Power Technology Development Co., Ltd. amounted to RMB 350,582,500.00, with a bad debt provision of RMB 31,055,125.00, representing a provision rate of 8.86%[82] - The company's accounts receivable from China Shipbuilding Industry Corporation 703 Research Institute amounted to RMB 286,369,055.40, with a bad debt provision of RMB 44,614,150.00, representing a provision rate of 15.58%[82] - The company's accounts receivable from Sudan's Ministry of Water Resources and Electricity amounted to RMB 39,994,803.00, with a 100% bad debt provision due to long-term non-recovery[82] - Accounts receivable with individual bad debt provision: Sudan National Electricity Company (56,360,011.90 RMB, 100% provision)[84], Datang Environment Industry Group (27,384,367.22 RMB, 80% provision)[84], Inner Mongolia Chuangyuan Metal Co., Ltd. (26,904,000.00 RMB, 89.02% provision)[84] - Total accounts receivable with bad debt provision: 1,833,582,388.88 RMB, with 1,221,509,657.69 RMB provision[86] - Accounts receivable aged within 1 year: 5,939,459,175.20 RMB, accounting for 50.81% of total receivables[90] - Accounts receivable aged 1-2 years: 1,776,239,859.84 RMB, accounting for 15.20% of total receivables[90] - Accounts receivable aged 2-3 years: 1,199,479,136.82 RMB, accounting for 10.26% of total receivables[90] - Accounts receivable aged over 3 years: 2,774,443,650.81 RMB, accounting for 23.73% of total receivables[90] - Net bad debt provision for the period: -43,112,307.96 RMB[91] - Actual write-off of accounts receivable for the period: 13,798,267.80 RMB[91] Other Financial Metrics - Gross profit margin decreased to 10.72%, down 4.46 percentage points year-on-year, primarily due to lower contract prices for ongoing nuclear power projects[11] - The company's capital leverage ratio (non-current liabilities to total equity) decreased to 0.36:1 as of June 30, 2023, from 0.43:1 at the beginning of the period[14] - Total borrowings as of June 30, 2023, amounted to RMB 75.7334 billion, with RMB 58.3593 billion due within one year and RMB 17.3741 billion due after one year[15] - Contract liabilities increased by RMB 41.2302 billion to RMB 215.5146 billion as of June 30, 2023[15] - Fixed asset investments during the first half of 2023 totaled RMB 4.6728 billion, primarily allocated to nuclear power capacity enhancement and other key projects[16] - The company's foreign currency deposits amounted to approximately RMB 656.82 million as of June 30, 2023, with hedging strategies in place to mitigate exchange rate risks[17] - Unused funds from the 2017 domestic share subscription amounted to RMB 96 million as of June 30, 2023, with the remaining funds fully utilized[18] - The company employed 11,746 on-duty staff as of June 30, 2023, with a total payroll of RMB 777.94 million[23] - Total share capital as of June 30, 2023, is 1,706,523,000 shares, with state-owned legal person shares accounting for 60.41%[27] - The company has no contingent liabilities to external parties, with total guarantees for subsidiaries amounting to 11.5715 billion yuan[30] - Assets pledged for working capital loans amount to 887.9 million yuan as of June 30, 2023[31] - Total operating costs for the first half of 2023 were 13.54 billion RMB, a 21.5% increase compared to 11.14 billion RMB in the same period of 2022[43] - Other comprehensive income after tax for the first half of 2023 was -295,431,646.88 RMB, a significant decrease compared to 17,248,383.30 RMB in the same period of 2022[46] - Credit impairment losses for the period were RMB 29,824,106.66, compared to a loss of RMB -521,747,927.36 in the previous period[117] - Asset impairment losses totaled RMB -222,034,440.89, including inventory write-downs of RMB -20,048,274.85 and contract asset impairment losses of RMB -201,975,817.49[118] - The company did not recommend any interim dividend for the six months ended June 30, 2023[123] - Restricted assets included monetary funds of RMB 3,725,205,741.27, fixed assets of RMB 65,917,864.86, and intangible assets of RMB 23,171,998.13[120] - Purchases from companies under the same control amounted to RMB 15,038,031.44, a significant increase from RMB 546,192.21 in the previous period[128] - Service fee expenses to companies under the same control decreased slightly to RMB 14,068,821.06 from RMB 14,301,809.56[128] - Interest income from entrusted loans to companies under the same control surged to RMB 66,836,094.17 from RMB 2,905,660.38[131] - Key management personnel compensation increased to RMB 7,336,661.88 from RMB 2,469,186.00[134] - Technical development service fees from companies under the same control totaled RMB 22,238,207.60[136] - Short-term borrowings from the controlling company remained steady at RMB 3,997,091,932.96[140] - Accounts receivable from companies under the same control stood at RMB 591,992.00, down from RMB 6,106,792.00[137] - Other receivables from the controlling company increased to RMB 1,732,830.19 from RMB 154,650,000.00[137] - Contract assets from companies under the same control rose to RMB 3,040,000.00 from RMB 174,166.67[137] - Long-term payables to the controlling company remained unchanged at RMB 1,000,000.00[140] - Total internal group revenue is RMB 1,157,153,820.79[144] - The company has signed but not yet incurred large contract expenditures for asset construction totaling RMB 45,950,581.03 as of June 30, 2023[145] - Harbin Electric Corporation (Headquarters) has an unpaid contract amount of RMB 26,664,000.00, expected to be invested in 2023[146] - Harbin Turbine Factory Co., Ltd. has an unpaid contract amount of RMB 19,286,581.03, expected to be invested in 2023[146] - No significant contingent assets or post-balance sheet events were disclosed as of June 30, 2023[147]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1133） 二零二三年中期業績公告 哈 爾 濱 電 氣 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈 本 公 司 及其附屬公司截至二零二三年六月三十日止六個月期間按中國企業會 計 準 則 編 製 的 經 營 業 績，該 經 營 業 績 未 經 審 計，但 已 經 大 華 會 計 師 事 務 所（特 殊 普 通 合 夥）審 閱。 除 特 殊 標 註 外，本 報 告 書 討 論 中 的 貨 幣 均 為 人 民 幣。 – 1 – 合併資產負債表 編 製 單 位：哈 爾 濱 電 氣 股 份 有 限 公 司 金 額 單 位：人 民 幣 元 項 目 附 註 2023年6月30日 2022年12月31日 | --- | --- | --- | --- | |---- ...