On the banks of the Songhua River, the "Three Major Powers" have stood tall for over seven decades. Since 1951, Harbin Electric Machinery, Harbin Boiler, and Harbin Turbine were established successively, eventually forming the Harbin Electric Group (known as HARBIN ELECTRIC). Generations of Harbin Electric employees have worked tirelessly, completing a historic leap in power generation equipment—from nonexistence to existence, from weak to strong, and from imported technology to independent innovation—creating over 290 "firsts for the People's Republic" and forging a "power heart" for national energy security.

Today, as China's energy system accelerates its restructuring and the construction of a new-type power system speeds up across the board, wind and solar power are surging, forcing the traditional thermal coal power market into profound adjustment. This veteran state-owned enterprise, which has long moved in lockstep with the country's power industry, now stands once again at a crossroads of transformation: to pivot or not to pivot? Where to turn? And how?

Facing this critical test, HARBIN ELECTRIC has responded with action. From solar thermal projects in the desert to hydropower on the plateau, from breaking down "departmental silos" to dismantling "lifetime posts," and from "sailing abroad on leased ships" to "setting sail on its own," the established SOE is accelerating its breakthrough, using innovation as its paddle and reform as its sail.

During the "14th Five-Year Plan" period, the main scale indicators of Harbin Boiler grew at an average annual rate of over 30%, while Harbin Electric Machinery's total profit surged 882% compared to the "13th Five-Year Plan," and Harbin Turbine's operating revenue leapt from under 4 billion yuan to the 10 billion yuan mark. These ascending figures offer a clear testament to how this legacy enterprise is writing its answer sheet for the era—balancing "break" with "build," and "preserve" with "transform"—amid its ongoing journey of restructuring and growth.