Shanghai Electric Reports Significant Growth in Revenue and Profit for Mid-Year 2025

On September 10, 2025, Shanghai Electric (SEHK: 2727, SSE: 601727), a global leader in industrial and energy equipment manufacturing, announced its interim performance results for the period ending June 30, 2025. The group posted a revenue of 54.303 billion RMB (approximately 7.605 billion USD), marking an impressive year-over-year increase of 8.9%. The net profit attributable to shareholders also saw a rise of 7.3%, showcasing Shanghai Electric's strategic expansion in emerging sectors and its growing influence in international markets.

The company operates primarily in three key business segments: energy equipment, industrial equipment, and integrated services. These segments have synergized their operations, leading to structural improvements in both revenue composition and order backlog. The energy equipment segment alone generated operational revenue of 30.116 billion RMB (4.218 billion USD), which is a significant year-over-year increase of 22.2%. Meanwhile, the industrial equipment segment reported revenues of 18.598 billion RMB (2.604 billion USD), remaining relatively stable compared to the previous year. The integrated services segment showed moderate growth, with a 3.8% increase in revenue to reach 8.260 billion RMB (1.156 billion USD).

During the first half of 2025, Shanghai Electric secured new orders totaling 109.810 billion RMB (15.380 billion USD). This breakdown reveals that energy equipment orders amounted to 60.040 billion RMB (8.410 billion USD), followed by industrial equipment at 22.820 billion RMB (3.200 billion USD), and integrated services at 26.950 billion RMB (3.770 billion USD). Notably, the new energy sector exhibited strong growth rates, indicating significant progress in Shanghai Electric's strategy to shift towards green energy technologies.

Internationally, the group's revenue reached 8.696 billion RMB (1.218 billion USD), reflecting a year-over-year increase of 11.7%. Key milestones during this period include the expected completion of the 220kV digital substation project in Zafarabad, located in Uzbekistan, and the full commissioning of the 500kV Similajau-Bunut transmission line project in Sarawak, Malaysia. These achievements align with Shanghai Electric's strategic focus on the Belt and Road Initiative, further enhancing its market presence in participating countries.

Shanghai Electric places a high priority on technological innovation, allocating 2.546 billion RMB (356.61 million USD) to research and development during the first half of the year, which represents 4.7% of its total operating revenue. This investment has allowed the company to maintain its status as a technological pioneer, with significant advancements reported in areas such as controlled nuclear fusion, artificial intelligence, and robotic innovation. Notably, in July, Shanghai Electric delivered the world’s first cryogenic test Dewar for the magnet of the ITER (International Thermonuclear Experimental Reactor). They also launched their dual-arm industrial robot, LINGKE, and humanoid industrial robot, SUYUAN, marking the beginning of an effort to create a comprehensive robotic ecosystem that includes industrial, specialized, and intelligent robotics.

Moreover, Shanghai Electric has strengthened its capabilities in critical components, laying the groundwork for comprehensive automation solutions. In energy storage technology, the company achieved a key milestone with its solid-state battery production line, where critical equipment such as wet coating systems, mixing, lamination, and solid electrolyte transfer printing have surpassed rigorous real-world project validations. This success underscores the group’s technological advances and positions it as a leader in cutting-edge energy storage solutions.

For more information, visit Shanghai Electric.

Logo

Conclusion

Shanghai Electric continues to thrive through strategic growth and innovation, solidifying its place in the industrial and energy sectors. The company’s impressive financial growth, alongside its commitment to sustainability and technological advancement, sets a solid foundation for future expansion and leadership in the global market.