Group 1 - Harbin Electric's stock has increased nearly 7%, with a year-to-date gain exceeding 325% [1] - The company reported total revenue of approximately 22.696 billion yuan, a year-on-year increase of 31.49%, and a net profit attributable to shareholders of about 1.051 billion yuan, up 101.06% [1] - UBS forecasts an average annual growth rate of 25% for nuclear equipment gross profit from 2025 to 2028, estimating that each new small modular reactor (SMR) could bring an additional revenue potential of approximately 620 million yuan to Harbin Electric [1] Group 2 - Guoyuan International's report indicates that Harbin Electric has a robust order backlog in its coal power business, with improved order quality compared to the previous cycle, which will continue to enhance the company's profits [2] - In hydropower, orders from pumped storage projects are entering the execution phase, and new capacity is beginning to be released, with large hydropower projects expected to benefit from demand growth driven by the Yarlung Tsangpo River hydropower project [2] - The market's approval of nuclear power projects has increased from about 5 units per year from 2019 to 2021 to around 10 units per year from 2022 to 2025, with related orders for the company gradually entering the execution phase [2]
港股异动 | 哈尔滨电气(01133)再涨近7% 煤电业务在手订单充沛 水电核电服务业有望提供长期支撑