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Shanghai Electric Shows Strong Growth in 2025

Shanghai Electric (SEHK: 2727, SSE: 601727), a global leader in manufacturing industrial and energy equipment, has released its interim results for the six-month period ending June 30, 2025. The company reported total revenues of 54.303 billion RMB (7.605 billion USD), marking an impressive year-on-year increase of 8.9%. Additionally, the net profit attributable to the parent company's shareholders rose by 7.3%. These results underscore the strategic growth and increasing international influence of Shanghai Electric in emerging market sectors.

Business Segments Performance

The company operates in three main segments: energy equipment, industrial equipment, and integrated services. Each of these segments has adapted their operations to achieve structural improvements in both revenue composition and order portfolio.

• - Energy Equipment Segment: This segment recorded operational revenues of 30.116 billion RMB (4.218 billion USD), a notable year-on-year increase of 22.2%.
• - Industrial Equipment Segment: This sector reported revenues of 18.598 billion RMB (2.604 billion USD), remaining virtually unchanged compared to the previous year.
• - Integrated Services Segment: Slight growth was noted here, with revenues rising by 3.8% to reach 8.260 billion RMB (1.156 billion USD).

In the first half of 2025, Shanghai Electric secured new orders amounting to 109.81 billion RMB (15.38 billion USD). The orders from the energy equipment sector alone accounted for 60.04 billion RMB (8.41 billion USD), followed by industrial equipment at 22.82 billion RMB (3.2 billion USD), and integrated services at 26.95 billion RMB (3.77 billion USD). The new energy sector, in particular, exhibited robust growth, reflecting Shanghai Electric's significant progress in its transition to green energy solutions.

International revenues reached 8.696 billion RMB (1.218 billion USD), representing a year-on-year increase of 11.7%. Key milestones included the planned completion of the Zafarabad 220 kV digital substation project in Uzbekistan and the full operation of the Similajau-Bunut 500 kV transmission project in Sarawak, Malaysia. These achievements align with Shanghai Electric's focus on the Belt and Road Initiative and have further strengthened its market share in participating countries.

Commitment to Technological Innovation

Technological advancements remain a top priority for Shanghai Electric. In the first half of the year, the company allocated 2.546 billion RMB (356.61 million USD) for research and development, which accounts for 4.7% of its total operating revenue—a year-on-year increase of 9.4%. Shanghai Electric has solidified its position as a technological pioneer, announcing key advancements in controlled nuclear fusion, artificial intelligence, and robotics innovation. In July, the company delivered the world's first cryogenic testing Dewar for the ITER (International Thermonuclear Experimental Reactor) magnet.

Additionally, Shanghai Electric launched its dual-arm industrial robot LINGKE and humanoid robot SUYUAN, establishing the first comprehensive robotic ecosystem that integrates industrial, specialized, and intelligent robotics. By strengthening its capabilities in critical components, the company is laying the groundwork for comprehensive automation solutions.

In the field of energy storage technology, Shanghai Electric achieved a landmark with its semiconductor battery production line, where key equipment such as wet coating, mixing, rolling, and printing systems for solid electrolytes passed stringent real-world project validations. This underscores the group's technological progress and positions it as a leader in next-generation energy storage solutions.

For more information, visit Shanghai Electric’s official site.