Shanghai Electric Reports Significant Revenue Growth and Profits for H1 2025

Shanghai Electric Reports Strong Financial Performance for H1 2025

Shanghai Electric (SEHK: 2727, SSE: 601727), a prominent player in the manufacturing of industrial and energy equipment, has unveiled its financial results for the first half of 2025. The company achieved revenues of 54.303 billion RMB (approximately 7.605 billion USD), marking an 8.9% increase compared to the same period last year. This substantial growth is paired with a 7.3% rise in net profits attributable to shareholders, confirming the effectiveness of Shanghai Electric's strategic focus on new industries and its expanding international market presence.

Breakdown of Revenue Segments

Shanghai Electric's operational structure includes three key segments: energy equipment, industrial equipment, and integrated services. Each segment has aligned its activities to enhance revenue composition and project portfolio:

1. Energy Equipment Segment: This segment reported operational revenues of 30.116 billion RMB (4.218 billion USD), reflecting a remarkable 22.2% year-on-year increase.
2. Industrial Equipment Segment: This area showcased revenues amounting to 18.598 billion RMB (2.604 billion USD), indicating stable performance compared to the previous year.
3. Integrated Services Segment: The integrated services generated a modest growth of 3.8%, with revenues totaling 8.260 billion RMB (1.156 billion USD).

In the first half of 2025, Shanghai Electric secured new contracts valued at 109.81 billion RMB (15.38 billion USD), with energy equipment accounting for 60.04 billion RMB (8.41 billion USD), industrial equipment for 22.82 billion RMB (3.2 billion USD), and integrated services for 26.95 billion RMB (3.77 billion USD). Notably, there was a significant uptick in contracts in the renewable energy sector, reflecting the company's ongoing transition towards green energy solutions.

International Market Performance

The company's international revenue reached 8.696 billion RMB (1.218 billion USD), signifying an 11.7% increase compared to the prior year. Noteworthy milestones included the timely completion of the 220 kV digital substation project in the Jizzakh province of Uzbekistan, as well as the full operational commencement of the 500 kV Similajau–Bunut transmission line in Sarawak, Malaysia. These accomplishments align with Shanghai Electric's strategic positioning in response to the Belt and Road Initiative, further solidifying its market share in the participating countries.

Technological Innovations and R&D Investment

Shanghai Electric emphasizes the importance of technological innovation. In the first half of 2025, the company allocated 2.546 billion RMB (356.61 million USD) for research and development, accounting for 4.7% of its operating revenue, which is a 9.4% increase from the previous year. This investment has established Shanghai Electric as a technology leader with significant breakthroughs in nuclear fusion, AI innovations, and robotics. In July, the company delivered the world's first cryogenic testing Dewar vessel for the ITER project (International Thermonuclear Experimental Reactor). Additionally, Shanghai Electric introduced the LINGKE dual-arm industrial robot and the humanoid industrial robot SUYUAN, laying a strong foundation for a comprehensive ecosystem encompassing industrial, specialized, and intelligent robotics.

In the energy storage technology space, Shanghai Electric achieved a major milestone with its solid-state battery production line, where key equipment underwent rigorous verification in real-world projects. This development underscores the company's technological advancements and positions it at the forefront of the evolving energy storage solution landscape.

For further details, visit Shanghai Electric's official website.

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