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Shanghai Electric's Mid-Term Performance Report for 2025

On September 9, 2025, Shanghai Electric, a prominent player in the industrial and energy equipment sector, unveiled its mid-term performance results for the first half of the fiscal year ending June 30, 2025. The company reported a remarkable revenue of RMB 54.303 billion (approximately USD 7.605 billion), which reflects a year-on-year growth of 8.9%. Moreover, the net profit attributable to shareholders also saw a commendable rise of 7.3%. This growth trajectory is a testament to Shanghai Electric's strategic investments in emerging sectors and its expanding foothold in international markets.

Diversification of Revenue Streams

Shanghai Electric operates through three main business segments: energy equipment, industrial equipment, and integrated services. These divisions collaborated effectively, resulting in improvements in both the composition of revenue and the company's order portfolio. The energy equipment segment notably excelled, generating operating revenue of RMB 30.116 billion (USD 4.218 billion), marking a staggering year-on-year increase of 22.2%. Meanwhile, the industrial equipment segment reported revenue of RMB 18.598 billion (USD 2.604 billion), remaining stable compared to the previous year. The integrated services sector also experienced a growth of 3.8%, amounting to RMB 8.260 billion (USD 1.156 billion).

In the first half of the year, new orders totaled RMB 109.81 billion (USD 15.38 billion), with the energy equipment sector alone accounting for RMB 60.04 billion (USD 8.41 billion). Additionally, the industrial equipment and integrated services sectors contributed orders of RMB 22.82 billion (USD 3.2 billion) and RMB 26.95 billion (USD 3.77 billion), respectively. Notably, the company achieved substantial growth in the new energy sector, showcasing the advancement of its green energy transition strategy.

International Expansion and Achievements

Shanghai Electric's overseas revenue reached RMB 8.696 billion (USD 1.218 billion), demonstrating an impressive increase of 11.7% year-on-year. Significant milestones during this period included the timely completion of the Zafarabad 220kV digital substation project in Uzbekistan’s Jizzakh Province and the successful commissioning of the Similajau-Bunut 500kV transmission line project in Sarawak, Malaysia. Such achievements resonate with Shanghai Electric's commitment to the Belt and Road Initiative, thereby reinforcing its market presence in participating countries.

Commitment to Technological Innovation

Shanghai Electric places a great emphasis on technological innovation, which is evident from its substantial investments in research and development (R&D). In the first half of 2025, the company invested RMB 2.546 billion (USD 356.61 million) in R&D, making up 4.7% of its total operating revenue, with this allocation reflecting a 9.4% increase from the previous year. As a frontrunner in technology, Shanghai Electric has made significant strides in areas such as controlled nuclear fusion and advancements in artificial intelligence and robotics.

This July, the company introduced the world's first cryogenic test Dewar for the ITER (International Thermonuclear Experimental Reactor) magnet. On the robotics front, the launch of the LINGKE dual-arm industrial robot and the SUYUAN industrial humanoid robot marks the initial phase of establishing a comprehensive robotics ecosystem that encompasses industrial, specialized, and intelligent robotics. Additionally, Shanghai Electric has made substantial progress in developing vital components necessary for complete automation solutions.

Advances in Energy Storage Technology

Furthermore, Shanghai Electric reached a significant milestone with its solid-state battery production line. The key equipment, including systems for wet coating, mixing, rolling, and solid electrolyte transfer printing, has successfully passed rigorous validation in real-world projects. This achievement not only highlights the Group's technological progress but also positions Shanghai Electric as a leader in the next generation of energy storage solutions.

These outstanding results and innovations underscore Shanghai Electric's unyielding commitment to growth, sustainability, and technological advancement, indicating a promising future for the company's continued expansion in global markets. For more detailed information and updates, please visit Shanghai Electric's official website.