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

Shanghai Electric, a global leader in the manufacturing of industrial and energy equipment, recently revealed positive financial results in its interim report for the period ending June 30, 2025. The company reported a noteworthy revenue increase, reaching a figure of 54.303 billion yuan (approximately $7.605 billion), marking an 8.9% uptick compared to the same timeframe last year. Furthermore, the net profit attributable to the parent company's shareholders also ascended, rising by 7.3%. These achievements underscore Shanghai Electric's successful strategic growth within developing sectors and reflect its expanding influence in international markets.

Business Segments Overview

Shanghai Electric operates through three primary business segments: Energy Equipment, Industrial Equipment, and Integrated Services, all of which have collaborated to enhance revenue structures and order portfolios. Here’s a breakdown of the performance of each segment during the first half of 2025:

• - Energy Equipment: This segment experienced an impressive growth, achieving an operating revenue of 30.116 billion yuan ($4.218 billion), a remarkable increase of 22.2% year-on-year.
• - Industrial Equipment: Revenue in this sector remained fairly stable at 18.598 billion yuan ($2.604 billion), signifying minimal fluctuation compared to the previous year.
• - Integrated Services: This area saw modest growth with revenue climbing by 3.8% to 8.260 billion yuan ($1.156 billion).

In the first half of 2025, Shanghai Electric secured new orders totaling 109.81 billion yuan ($15.38 billion). Specifically, new orders for the Energy Equipment sector totaled 60.04 billion yuan ($8.41 billion), while Industrial Equipment generated 22.82 billion yuan ($3.2 billion). Integrated Services accounted for 26.95 billion yuan ($3.77 billion) in new orders. A notable highlight is the rapid growth of orders in the new energy sector, signifying substantial progress in Shanghai Electric's strategy towards green energy.

Additionally, the Group's overseas revenue amounted to 8.696 billion yuan ($1.218 billion), reflecting an increase of 11.7% compared to the same period last year. Significant milestones included the timely completion of a 220 kV digital substation project in Uzbekistan's Jizzakh region and the full commissioning of the 500 kV Similajau-Bunut power line in Sarawak, Malaysia. These accomplishments are aligned with Shanghai Electric's strategic focus on the Belt and Road Initiative, further solidifying its market share in participating countries.

Investment in Technological Innovation

Shanghai Electric continues to prioritize technological innovations. In the first half of the year, the company allocated 2.546 billion yuan ($356.61 million) for research and development, representing 4.7% of its total operating revenue, and an increase of 9.4% compared to the previous year. The company has strengthened its position as a technological pioneer, reporting key breakthroughs in controlled nuclear fusion, artificial intelligence, and innovations in robotics. In July, Shanghai Electric delivered the world's first cryogenic testing Dewar for the ITER (International Thermonuclear Experimental Reactor) magnet. The company launched its dual-arm industrial robot, LINGKE, and the anthropomorphic robot, SUYUAN, marking the beginning of a comprehensive robotics ecosystem covering industrial, specialized, and intelligent robotics.

Simultaneously, it enhanced its capabilities in critical components, laying the groundwork for comprehensive automation solutions. In energy storage technology, Shanghai Electric achieved a significant milestone with its solid-state battery production line, where critical equipment, including wet coating, mixing, rolling systems, and solid electrolyte transfer systems, passed stringent real-world testing. This development highlights the Group's technological advancements and positions it as a leader in next-generation energy storage solutions.

For more information, visit Shanghai Electric's official website.