HARBIN Power Equipment Co, China's biggest maker of electricity-generation equipment, said first-half profit climbed 73 percent as new orders increased.
Net income soared to 615 million yuan (US$81 million), or 0.46 yuan per share, in the six months ended June 30, from 356 million yuan, or 0.28 yuan per share, the company said in a statement to the Hong Kong Stock Exchange yesterday. Sales rose two percent to 12 billion yuan. Harbin Power is expanding production of wind-power equipment and nuclear reactors as China seeks to get more electricity from sources that cause less air pollution, while adding capacity to avoid a fifth-straight year of power shortages during peak times, Bloomberg News reported.