Harbin Electric reports record profits, eyes new growth phase

** Harbin Electric Company (HKEX:1133) has released its 2024 Annual Report, showcasing record-breaking financial performance and outlining its strategic direction for 2025. The company achieved operating revenue of CNY 38.298 billion, a 32.79% year-on-year increase, with net profit attributable to the parent company's owner reaching CNY 1.686 billion, a 193.33% surge. Formal contracts signed amounted to CNY 56.872 billion, up 30.55% year-on-year, demonstrating effective qualitative improvements and reasonable quantitative growth.