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News Breaks
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October 13, 2009
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| 14:29 EDT |  | HRBN |
| theflyonthewall.com: | Harbin Electric sees sales growth and margins improving in Q3 | | Harbin's (HRBN) sales and margins have grown considerably from Q1 to Q2, and the company sees that trend continuing in Q3 and the following year. The overseas markets represent a "huge" opportunity for the firm, as that segment of the business has more than doubled over the past two years. The recent acquisition of Xi'an Simo Motor, which will be completed in October, will be accretive immediately, while more than doubling the company's annual sales. The company also sees the government stimulus plan as a strong driver of revenue going forward. These comments were made at the Roth Capital Partners China Conference. :theflyonthewall.com |
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