Harbin Electric (HKG:1133) reported a net profit attributable to the parent company for 2024 of 1.69 billion yuan, from 574.8 million yuan a year earlier, according to a filing with the Hong Kong bourse on Wednesday.

Earnings per share were up to 0.75 yuan from 0.31 yuan the previous year.

Revenue reached 38.72 billion yuan, up from 29.25 billion yuan in the same period last year.

The board recommended a final dividend of 0.227 yuan per share, subject to approval by May 23. Payout is expected on July 23.

The company's shares were up 8% at the close of trading.