Shanghai Electric Reports Significant Revenue and Profit Increase in 2025 Interim Results

Shanghai Electric (SEHK: 2727, SSE: 601727), a global leader in manufacturing energy and industrial equipment, has recently announced noteworthy improvements in its financial performance as part of its interim report for the first half of 2025, ending June 30th. The company has reported a substantial rise in revenue, with total earnings amounting to 54.303 billion RMB (approximately 7.605 billion USD), representing an impressive year-on-year increase of 8.9%. Furthermore, the net profit attributable to shareholders of the parent company experienced a 7.3% rise, underlining the success of the company’s strategic growth initiatives in emerging markets and its expanding footprint on the international stage.

The company's operational framework centers around three core business segments: energy equipment, industrial equipment, and integrated services. Each of these segments has made concerted efforts to streamline their operations, leading to favorable changes in revenue composition and order backlog. In the energy equipment segment alone, Shanghai Electric achieved an operational performance of 30.116 billion RMB (4.218 billion USD), which is an impressive growth of 22.2% compared to the previous year. Conversely, the industrial equipment segment reported sales of 18.598 billion RMB (2.604 billion USD), showing stability with minimal change from last year. Integrated services also saw a modest increase, boasting a revenue growth of 3.8% to reach 8.260 billion RMB (1.156 billion USD).

In the first half of 2025, Shanghai Electric secured new orders totaling 109.81 billion RMB (15.38 billion USD). Breakdown reveals that the energy equipment segment received 60.04 billion RMB (8.41 billion USD), followed by industrial equipment with 22.82 billion RMB (3.2 billion USD) and integrated services contributing 26.95 billion RMB (3.77 billion USD). Notably, the company reports robust growth in new energy orders, signifying important progress in its strategic transition towards greener energy solutions. Additionally, Shanghai Electric's international sales rose to 8.696 billion RMB (1.218 billion USD), a 11.7% hike year-on-year. Significant milestones included the timely completion of the digital 220 kV substation project in Uzbekistan’s Jizzakh province and the full operation of the 500 kV transmission line project in Sarawak, Malaysia. These achievements align with the company's strategic involvement in the Belt and Road Initiative, enhancing its market share in participating countries.

Innovation remains a cornerstone of Shanghai Electric’s strategy, and during the first half of the year, the company allocated 2.546 billion RMB (356.61 million USD) for research and development, which constitutes 4.7% of its total operating income and marks a 9.4% increase compared to the previous year. This commitment to R&D has reinforced Shanghai Electric’s status as a technological leader, with notable advancements in controlled nuclear fusion, AI, and robotics.

In July, the company delivered the world’s first cryogenic test dewar for the ITER magnet, complemented by the introduction of the LINGKE dual-arm industrial robot and the SUYUAN humanoid industrial robot. This further illustrates Shanghai Electric’s ambition to construct a comprehensive robotics ecosystem spanning industrial, specialty, and intelligent robotics sectors. Furthermore, the company has bolstered its capabilities in critical components, laying a solid foundation for comprehensive automation solutions.

In addition to advancements in robotics, Shanghai Electric has marked a significant milestone within energy storage technology through its production line for solid-state batteries. The core equipment involved, such as wet-coating, mixing, rolling, and solid electrolyte transfer printing systems, has successfully passed rigorous validation tests in real-world projects, underscoring the company's technological progress and positioning it as a leader in next-generation energy storage solutions.

For more information on Shanghai Electric’s developments, visit their official site: Shanghai Electric.