Harbin Electric (HKG:1133) reported a net profit attributable to parents of 522.7 million yuan for the first half of the year, up 515.7% from 84.9 million yuan in the previous year, according to a Monday filing with the Hong Kong bourse.

Earnings per share were 0.23 yuan, compared with 0.05 in the year

The power equipment manufacturer and seller's revenue for the first half climbed to 17.26 billion yuan from 13.76 billion yuan in the prior year period.

The company's shares were down by about 1% in early trading.