China Tracker - Details for Harbin Electric (HRBN)

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 WARNING: Form 15 filed with the SEC!
 Harbin Electric
Shares Outstanding (MRQ): 31.36 mill 
New Shares / Dilution (TTM): 0.01 mill0.03%
New Shares / Dilution (since Dec 31, 2008): 10.04 mill47.09% 
Cash (MRQ): 122.83 mill16.32% 
Account Receivables (MRQ): 80.40 mill10.68% 
Account Receivables (Q/Q): -5.50 mill-6.40%
Long-Term Debt (MRQ): 52.21 mill6.94% 
Revenue Growth (Q/Q): -2.24% 
Revenue Growth (Y/Y): -1.57%
Net Income Growth (Q/Q): -21.79% 
Net Income Growth (Y/Y): -48.96%
EPS Growth (Y/Y): -48.97%
Net Margin (Q/Q): 10.0% (12.5%)-2.50% 
Net Margin (Y/Y): 10.0% (19.3%)-9.30% 
EPS | P/E (2 MRQ Projection): $1.5115.93
CFPS | P/CF (2 MRQ Projection): $1.4616.49
Price/Sales (2 MRQ Projection): 1.79 
Price/Book (MRQ): 1.74 
Auditor: Frazer Frost
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-11): $2.609.23 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2005-01-24 
Uplisting to Senior Exchange: on 2007-01-31 at $8.99 (166.96% since Uplisting)

 Business Outlook

"I am happy to reiterate emphatically that we stand by the accuracy of our filings with the SEC. As disclosed in the Company's recent filings of the preliminary proxy statement in connection with the pending going private transaction, the Company was subject to extensive due diligence conducted by third parties and provided all requested materials, including its relevant PRC tax filings."

(Source: PR Newswire, 2011-08-24)

Harbin Electric today announced that it has entered into a definitive agreement and plan of merger with Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, the Company's Chairman and Chief Executive Officer, and Tech Full Electric Acquisition, a Nevada corporation wholly owned by Parent. Under the terms of the Merger Agreement, each of the Company's shares of common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive $24.00 in cash without interest.

(Source: PR Newswire, 2011-06-20)

Harbin Electric has received telephone calls and emails from a number of investment professionals inquiring about rumors concerning its Chairman and Chief Executive Officer, Mr. Tianfu Yang and its Chief Financial Officer, Mr. Zedong Xu, including that Mr. Yang and Mr. Xu have gone missing. The Company, Mr. Tianfu Yang and Mr. Zedong Xu categorically deny such rumors. The Company is happy to report that the entire management team of the Company including Mr. Yang and Mr. Xu have been and are at work and are fully performing their respective corporate duties. (added for comic relief, Trading China)

(Source: PR Newswire, 2011-05-27)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-10Roth CapitalReiterationBuy$24.00
2011-05-11Roth CapitalReiterationBuy$24.00
2011-05-02Roth CapitalReiterationBuy$24.00
2011-05-02William BlairDowngradeTerminatedn/a
2011-03-24Roth CapitalReiterationBuy$24.00

HRBN is currently followed by 2 analysts. Both give the stock a positive rating. The average price target is 24.00.

    see all Analyst Ratings

 Recent Financings
2010-04-20Filing$100.00 mill--
2009-07-31Priced$100.00 mill6.25 mill shares$16.00

 Investor Presentations
2010-07-14 (HTML)   VIEW
2010-02-25 (PDF)   DOWNLOAD (right click, save as)

READ: Score Cards Explained
DETAILS: Safety/Risk Model for HRBN
Current Price:  $24.00
F10k Day (2005-01-31): 676.69%$3.09
2009 Close: 16.84%$20.54
2010 Close: 38.32%$17.35
High (2011-04-01): 11.62%$21.50
Low (2011-06-16): 312.37%$5.82
Exchange: PRIVATE
Market Capitalization: 752.74 mill
Total Shares: 31.36 mill
Float: n/a
Avg Volume: 5.15 mill
Short Interest: 7.46 mill
Short Ratio: 44.41%1.4 d
Last Quarter: 2011-03-31
Revenue (MRQ): 103.83 mill
Net Income (MRQ): 10.37 mill
Op. Cash Flow (MRQ): 8.73 mill
all financial data provided without warranty