Core Points - The company and its board members guarantee the authenticity, accuracy, and completeness of the quarterly report, taking legal responsibility for any misrepresentation or omissions [2][3]. Financial Data - The third-quarter financial report has not been audited [3][6]. - There are no adjustments or restatements of previous accounting data required [3]. - The company does not have any non-recurring profit and loss items applicable for this quarter [3][4]. Shareholder Information - The report includes details on the total number of common shareholders and the top ten shareholders' holdings [5]. - There are no changes in the top ten shareholders due to securities lending activities [5]. Other Important Matters - There are no other significant matters to report for this quarter [5].

Core Viewpoint - Harbin Electric (01133) announced the appointment of Chen Hui as Senior Vice President, effective from the date of the announcement, October 27, 2025 [1] Company Summary - The board meeting of Harbin Electric was held to make the decision regarding the appointment [1]

Core Viewpoint - Harbin Electric (01133) announced the appointment of Chen Hui as the Senior Vice President, effective from the date of the announcement, October 27, 2025 [1] Company Summary - The board meeting of Harbin Electric is scheduled for October 27, 2025, to formalize the appointment of Chen Hui [1]

Core Viewpoint - Harbin Electric (01133.HK) announced the appointment of Chen Hui as Senior Vice President, effective from the date of the announcement [1] Group 1 - The board meeting was held on October 27, 2025, to make the decision regarding the appointment [1]

（於中華人民共和國註冊成立的股份有限公司） （股份代號：1133） 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。 委任高級副總裁 中 國，哈 爾 濱 二零二五年十月二十七日 哈 爾 濱 電 氣 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 公 告，於 二 零 二 五 年 十 月 二 十 七 日，本 公 司 召 開 董 事 會 會 議，決 定 委 任 陳 輝 先 生 為 本 公 司 高 級 副 總 裁，有 關 任 職 自 本 公 告 發 佈 之 日 正 式 生 效。 陳 輝 先 生 簡 歷 如 下： 陳輝先生（「陳先生」），一九七五年出生，五十歲，大學學歷，工程碩士學位， 正 高 級 工 程 師 職 稱，現 任 本 公 司 黨 委 常 委，哈 爾 濱 電 氣 集 團 有 限 公 司（「哈 電集團」）副 總 經 理、黨 委 常 委。陳 先 生 畢 業 於 葛 洲 ...

Group 1 - Some electric equipment stocks have strengthened, with Harbin Electric (01133.HK) rising by 13.79% to HKD 13.53 [1] - Dongfang Electric (01072.HK) increased by 11.24% to HKD 20.38 [1] - Shanghai Electric (02727.HK) saw a rise of 5.54% to HKD 4.95 [1]

Core Viewpoint - The Hong Kong nuclear power sector is experiencing a significant rise, with multiple companies showing substantial stock price increases [1] Company Performance - Harbin Electric has seen its stock price increase by over 13% [1] - Dongfang Electric's stock price has risen by more than 9% [1] - Shanghai Electric and China National Nuclear Power have both increased by over 5% [1] - China National Nuclear International and China General Nuclear Power are also following the upward trend [1]

Group 1 - UBS expresses increased optimism regarding China's electricity market demand, forecasting an 8% growth from 2028 to 2030, which is double the previous estimate [1] - The firm identifies structural drivers such as AI data centers, exports, and electrification, with their impact expected to exceed earlier predictions [1] - Adjustments reflect enhanced confidence in the construction of AI data centers, accelerated growth in electricity exports, and rapid electrification, benefiting capital expenditures in power equipment and grids starting next year [1] Group 2 - UBS raises its earnings forecasts for relevant stocks by 2% to 18% for the years 2023 to 2027 [1] - The investment ratings for Daikin Heavy Industries and China General Nuclear Power (01816.HK) are upgraded to "Buy," with a preference for stocks trading at a projected P/E ratio of 15.6 times in 2026, below the historical average of 22 times and the global industry average of 50 times [1] - Preferred stocks include Harbin Electric (1133.HK) and China General Nuclear Power (1816.HK), along with interest in Dongfang Electric (1072.HK), Siyuan Electric, Yingliu Electromechanical, Goldwind (2208.HK), and Daikin Heavy Industries [1]

Core Viewpoint - UBS has become more optimistic about China's electricity market demand, forecasting an 8% growth from 2028 to 2030, which is double the previous estimate [1] Group 1: Stock Performance - Harbin Electric (01133) increased by 13.79%, trading at 13.53 HKD - Dongfang Electric (01072) rose by 11.24%, trading at 20.38 HKD - Shanghai Electric (02727) gained 5.54%, trading at 4.95 HKD [1][1][1] Group 2: Market Drivers - UBS attributes the increased demand to structural drivers such as AI data centers, exports, and electrification, with the impact expected to exceed earlier predictions [1][1] - The adjustments reflect enhanced confidence in the construction of AI data centers, accelerated growth in electricity exports, and faster electrification, benefiting capital expenditures in power equipment and grid starting next year [1][1] Group 3: Policy and Future Outlook - The Central Committee of the Communist Party of China has proposed forward-looking layouts for future industries, promoting nuclear fusion energy as a new economic growth point [1] - Everbright Securities anticipates that since 2025, China's nuclear fusion sector will enter a rapid development phase, with multiple technological routes advancing, including projects like the Circulation No. 4 and Spark No. 1 [1][1] - The domestic market is gradually entering a phase of accelerated bidding and engineering construction for controllable nuclear fusion projects, indicating promising long-term development [1][1]

Core Viewpoint - UBS has released a report expressing increased optimism regarding China's electricity market demand, projecting an 8% growth from 2028 to 2030, which is double the previous forecast [1] Group 1: Company Performance - Harbin Electric (01133) shares rose by 13.79% to HKD 13.53 - Dongfang Electric (600875) shares increased by 11.24% to HKD 20.38 - Shanghai Electric (601727) shares climbed by 5.54% to HKD 4.95 [1] Group 2: Market Drivers - UBS attributes the increased demand forecast to structural drivers such as AI data centers, exports, and electrification, with the impact of these factors exceeding earlier expectations [1] - The report indicates that the adjustments reflect enhanced confidence in the growth of AI data center construction, accelerated electricity export growth, and faster electrification, which will benefit capital expenditures in power equipment and grid starting next year [1] Group 3: Industry Outlook - The Central Committee of the Communist Party of China has proposed forward-looking plans for future industries, promoting nuclear fusion energy as a new economic growth point [1] - Everbright Securities believes that since 2025, China's nuclear fusion sector has entered a rapid development phase in technology breakthroughs and industrial layout, with multiple technological routes advancing simultaneously [1] - The domestic market is gradually entering a phase of accelerated bidding and engineering construction for controllable nuclear fusion projects, indicating promising long-term development [1]